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We're the Consumer Financial Protection Bureau (CFPB), a U.S. government agency that makes sure banks, lenders, and other financial companies treat you fairly.

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What does “amount financed” mean when getting a mortgage loan?

Answer:

It means the amount of money you are borrowing from the lender, minus most of the upfront fees the lender is charging you. 

The amount financed is shown on page 5 of your Closing Disclosure under "Loan Calculations." For example, if you have a $100,000 loan, but the lender is charging you $4,000 in certain types of fees in order to get the loan, the “amount financed” would be $96,000. 

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