Settlement Costs and Helpful Information

Buying Your Home

Settlement Costs and Helpful Information

June 1997 Disclaimer

HUD-1 Settlement Statement Costs

A. U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT SETTLEMENT STATEMENT
B. TYPE OF LOAN
 

 
6. File Number 7. Loan Number

 
1. o FHA 2. o FmHA
 

 
3. o CONV. UNINS. 4. o VA 5. o CONV. INS. 8. Mortgage Insurance Case Number
 
C. NOTE: This form is furnished to give you a statement of actual settlement costs. Amounts paid to and by the settlement agent are shown. Items marked "(p.o.c.)" were paid outside the closing; they are shown here for informational purposes and are not included in the totals.
D. NAME AND ADDRESS OF BORROWER: E. NAME AND ADDRESS OF SELLER: F. NAME AND ADDRESS OF LENDER:
G. PROPERTY LOCATION: H. SETTLEMENT AGENT: NAME, AND ADDRESS

 
PLACE OF SETTLEMENT: I. SETTLEMENT DATE:
J. SUMMARY OF BORROWER’S TRANSACTION
 
K. SUMMARY OF SELLER’S TRANSACTION
100. GROSS AMOUNT DUE FROM BORROWER:
 
400. GROSS AMOUNT DUE TO SELLER:
101. Contract sales price
 

 
401. Contract sales price
 
102. Personal property
 

 
402. Personal property
 
103. Settlement charges to borrower(line 1400)
 

 
403.
 
104.
 

 
404.
 
105.
 

 
405.
 
Adjustments for items paid by seller in advance
 
Adjustments for items paid by seller in advance
106. City/town taxes to
 

 
406. City/town taxes to
 
107. County taxes to
 

 
407. County taxes to
 
108. Assessments to
 

 
408. Assessments to
 
109.
 

 
409.
 
110.
 

 
410.
 
111.
 

 
411.
 
112.
 

 
412.
 
120. GROSS AMOUNT DUE FROM BORROWER
 

 
420. GROSS AMOUNT DUE TO SELLER
 
200. AMOUNTS PAID BY OR IN BEHALF OF BORROWER:
 
500. REDUCTIONS IN AMOUNT DUE TO SELLER:
201. Deposit of earnest money
 

 
501. Excess deposit (see instructions)
 
202. Principal amount of new loan(s)
 

 
502. Settlement charges to seller (line 1400)
 
203. Existing loan(s) taken subject to
 

 
503. Existing loan(s) taken subject to
 
204.
 

 
504. Payoff of first mortgage loan
 
205.
 

 
505. Payoff of second mortgage loan
 
206.
 

 
506.
 
207.
 

 
507.
 
208.
 

 
508.
 
209.
 

 
509.
 
Adjustments for items unpaid by seller
 
Adjustments for items unpaid by seller
210. City/town taxes to
 

 
510. City/town taxes to
 
211. County taxes to
 

 
511. County taxes to
 
212. Assessments to
 

 
512. Assessments to
 
213.
 

 
513.
 
214.
 

 
514.
 
215.
 

 
515.
 
216.
 

 
516.
 
217.
 

 
517.
 
218.
 

 
518.
 
219.
 

 
519.
 
220. TOTAL PAID BY/FOR BORROWER
 

 
520. TOTAL REDUCTION AMOUNT DUE SELLER
 
300. CASH AT SETTLEMENT FROM/TO BORROWER
 

 
600. CASH AT SETTLEMENT TO/FROM SELLER
 
301. Gross amount due from borrower(line 120)
 

 
601. Gross amount due to seller (line 420)
 
302. Less amounts paid by/for borrower(line 220)
 

 
602. Less reductions in amount due seller (line 520)
 
303. CASH (_ FROM) (_ TO) BORROWER
 

 
603. CASH (o TO) (o FROM) SELLER
 

 

L. SETTLEMENT CHARGES
 

700. TOTAL SALES/BROKER’S COMMISSION based on price $ @ %=

PAID FROM BORROWER’S FUNDS AT SETTLEMENT PAID FROM SELLER’S FUNDS AT SETTLEMENT
Division of Commission (line 700) as follows:

 

701. $ to
 

 
702. $ to
 

 
703. Commission paid at Settlement
 

 
704.
 

 
800. ITEMS PAYABLE IN CONNECTION WITH LOAN
 

 
801. Loan Origination Fee %
 

 
802. Loan Discount %
 

 
803. Appraisal Fee to
 

 
804. Credit Report to
 

 
805. Lender’s Inspection Fee
 

 
806. Mortgage Insurance Application Fee to
 

 
807. Assumption Fee
 

 
808.
 

 
809.
 

 
810.
 

 
811.
 

 
900. ITEMS REQUIRED BY LENDER TO BE PAID IN ADVANCE
901. Interest from to @$ /day
 

 
902. Mortgage Insurance Premium for months to
 

 
903. Hazard Insurance Premium for years to
 

 
904. years to
 

 
905.
 

 
1000. RESERVES DEPOSITED WITH LENDER
 

 
1001. Hazard Insurance months @ $ per month
 

 
1002. Mortgage insurance months @ $ per month
 

 
1003. City property taxes months @ $ per month
 

 
1004. County property taxes months @ $ per month
 

 
1005. Annual assessments months @ $ per month
 

 
1006. months @ $ per month
 

 
1007. months @ $ per month
 

 
1008. Aggregate Adjustment months @ $ per month
 

 
1100. TITLE CHARGES
 

 
1101. Settlement or closing fee to
 

 
1102. Abstract or title search to
 

 
1103. Title examination to
 

 
1104. Title insurance binder to
 

 
1105. Document preparation to
 

 
1106. Notary fees to
 

 
1107. Attorney’s fees to
 

 
(includes above items numbers; )
 

 
1108. Title Insurance to
 

 
(includes above items numbers; )
 

 
1109. Lender’s coverage $
 

 
1110. Owner’s coverage $
 

 
1111.
 

 
1112.
 

 
1113.
 

 
1200. GOVERNMENT RECORDING AND TRANSFER CHARGES
1201. Recording fees: Deed $ ; Mortgage $ ; Releases $
 

 
1202. City/county tax/stamps: Deed $ ; Mortgage $
 

 
1203. State tax/stamps: Deed $ ; Mortgage $
 

 
1204.
 

 
1205.
 

 
1300. ADDITIONAL SETTLEMENT CHARGES
 

 
1301. Survey to
 

 
1302. Pest inspection to
 

 
1303.
 

 
1304.
 

 
1305.
 

 
1400. TOTAL SETTLEMENT CHARGES (enter on lines 103, Section J and 502, Section K)
 

 

 

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