How are closing costs typically represented on a Loan Estimate?

Closing costs on a Loan Estimate are typically represented as a detailed breakdown. This method provides borrowers with a comprehensive view of the various fees associated with closing a mortgage loan. The Loan Estimate includes specific line items for different types of costs, such as loan origination fees, title insurance, appraisal fees, and other relevant charges. This detailed presentation allows borrowers to better understand the different components of their closing costs, facilitating comparison with other loan offers and aiding in overall financial planning. By presenting the information in this way, the Loan Estimate enhances transparency and helps borrowers make more informed decisions about their mortgage options.