A "closing statement" is a statement typically prepared by a title or escrow company in connection with a real estate sale closing. The closing statement typically discloses all the funds received, disbursed, credited or debited from each party at the time of closing. It includes the down payment, mortgages funded or paid off, taxes, escrow fees, title and escrow charges, loan fees, and all other costs or fees that are associated with the real estate transaction.