Projected Payments Table (Closing Disclosure)

Updated 2026-05-17

The Projected Payments Table is a key section of the Closing Disclosure (CD) that provides a clear breakdown of the borrower's anticipated monthly payments over the life of the loan. This table is mandated by Truth in Lending Act (TILA) and Regulation Z under the TILA RESPA Integrated Disclosure (TRID) Rule to help consumers understand their future financial obligations.

Content of the Table

The table typically shows the following components of the monthly payment:

• Principal & Interest: The portion of the payment that goes towards repaying the loan balance and covering the interest charged.
• Mortgage Insurance: If applicable, the cost of private mortgage insurance (PMI) or FHA/VA mortgage insurance premiums.
• Estimated Escrow: The estimated amount collected for property taxes, homeowner's insurance, and other escrowed items. This amount is based on the Escrow Accounts provided elsewhere on the CD.
• Total Estimated Monthly Payment: The sum of all the above components.

Payment Changes

For Adjustable-Rate Mortgage (ARM)s (ARMs) or loans with other payment adjustments, the table will show how the projected payments may change over time, typically in distinct periods (e.g., years 1-5, years 6-10, etc.). This helps borrowers anticipate potential increases or decreases in their monthly obligations.

The Projected Payments Table is designed to give borrowers a clear, forward-looking view of their mortgage payments, facilitating better financial planning.