Which item would typically appear as a debit on the buyer's closing statement?

• A. Appraisal
• B. Buyer's new loan
• C. Balance of buyer's remaining funds to be placed into escrow
• D. Buyer's deposit toward the purchase price

Answer: (A)

A debit on the buyer’s closing statement is a cost the buyer pays out of pocket at closing. The appraisal fee fits this pattern because it is a standard closing cost charged to the borrower and paid at or before closing; it is not financed through the loan, and it reduces the buyer’s cash needed at closing.

The other items don’t fit as typical buyer debits in the same way. A buyer’s new loan or loan proceeds are funds coming from the lender, shown as credits to the buyer, not debits. The balance of the buyer’s remaining funds to be placed into escrow can be a cash requirement at closing (a debit), but the appraisal fee is the classic, consistently itemized closing cost paid by the borrower, making it the best answer. A buyer’s deposit toward the purchase price has typically already been accounted for and offsets the amount due at closing rather than appearing as a separate debit.