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Real estate closing statement template

Real estate closing statement form 2025

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The document is a Closing Settlement Statement for a real estate transaction in Illinois, detailing the financial aspects between the seller and buyer. It includes sections for sales prices, down-payments, expenses, title fees, commissions, adjustments, and final balances due to/from each party. The document requires signatures from both sellers and buyers to certify its accuracy.

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Click ‘Get Form’ to open the real estate closing statement form in the editor.
Begin by entering the Seller and Buyer information at the top of the form. Ensure that all names are spelled correctly for legal accuracy.
Fill in the Property Address, including City, State (Illinois), and Zip Code. This information is crucial for identifying the property involved in the transaction.
In the Seller(s) Column, input the Sales Price, Down-payment, and Balance. Repeat this process in the Buyer(s) Column to ensure both parties have clear financial details.
Complete sections for Expenses, including Title Search, Recording Fees, Title Insurance, Attorney Fees, Notary Fee, Survey, and Commission. Make sure to differentiate between seller and buyer expenses.
Calculate Total Expenses and Balances Less/Plus Expenses for both Seller and Buyer. This will help clarify final amounts due.
Finally, certify that all information is true by signing at the bottom of the form. Include Social Security Numbers as required.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

How do I get my closing statement?

Yes most closing documents are public record. This means that anyone can access these documents and see the details of the transaction, including the sale price. If youre concerned about your privacy, you can request that some documents be kept private, such as the mortgage agreement or the promissory note.

Is a closing statement the same as a deed?

This instrument is known as a deed. In a buy-sell real estate transaction, the transfer of the deed from the buyer to seller is known as the closing.

What is the purpose of the closing disclosure statement?

The Closing Disclosure is a detailed final review that outlines loan terms, fees and costs to ensure transparency. Lenders must provide the Closing Disclosure to borrowers at least three business days before the scheduled closing date. After signing the Closing Disclosure, borrowers will likely move onto closing day.

What is a real estate closing statement?

To obtain copies of your closing documents, you can start by reaching out to the closing agent or title company who often retain these documents. Your lender may also have copies of mortgage-related documents.

Are real estate closing documents public?

A Closing Disclosure is a five-page form that provides final details about the mortgage loan you have selected. It includes the loan terms, your projected monthly payments, and how much you will pay in fees and other costs to get your mortgage (closing costs).

What is the main function of a closing statement?

Objective: The closing statement is the attorneys final statement to the jury before deliberation begins. The attorney reiterates the important arguments, summarizes what the evidence has and has not shown, and requests jury to consider the evidence and apply the law in his or her clients favor.

Real estate closing statement form 2025

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