What information is NOT included in the Loan Estimate for buyers under required disclosure laws?

The Loan Estimate is a document that lenders provide to borrowers within three business days of receiving a loan application. It outlines key details about the loan, including estimated monthly payments, loan terms, interest rates, and estimated closing costs.

Final closing costs are not included in the initial Loan Estimate because these costs can vary and are subject to change until the finalization of the loan. The Loan Estimate provides only estimations, and while it may give a breakdown of expected fees and costs, the actual final closing costs are determined later in the home buying process, once all parties have finalized their agreements and transactions. This means that while borrowers are informed about potential closing costs, the accurate final amounts will be disclosed in the Closing Disclosure just before the loan closes, rather than in the Loan Estimate, which serves as a preliminary overview.

Thus, when considering what information is NOT included in the Loan Estimate, "final closing costs" stands out, as this aspect cannot be definitively provided prior to the closing of the loan.