On a buyer's closing statement, which of the following would appear as a debit?

In a buyer's closing statement, the purchase price appears as a debit because it represents a cost the buyer is obligated to pay in the transaction. Debits in this context refer to expenses that the buyer must disburse funds for, ultimately impacting the buyer's total cash

The purchase price reflects the agreed amount for the home that the buyer needs to pay to the seller to complete the purchase. This amount is an essential component of the transaction and is appropriately categorized as a debit as it represents an outgoing payment from the buyer’s perspective.

Other items listed, such as loan amounts, would typically be considered credits, as they represent funds that the buyer receives to help finance the purchase. Title insurance costs and home inspection fees can be expenses as well, but the purchase price is the primary obligation that signifies the total financial commitment the buyer is undertaking in the transaction.