HUD-1 Settlement Statement {HUD-1}

Previous editions are obsoleteform HUD-1 (3/86)ref Handbook 4305.2 Page 1 of 2U.S. Department of Housingand Urban DevelopmentA. Settlement StatementOMB Approval No. 2502-0265 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 marked223(p.o.c.)224 were paid outside the closing; they are shown here for informational purposes and are not included in the totals. D.Name & Address of Borrower:E.Name & Address of Seller:F.Name & Address of Lender:G.Property Location:H.Settlement Agent:Place of Settlement:I.Settlement Date: J.Summary of Borrower's TransactionK.Summary of Seller's Transaction100.Gross Amount Due From Borrower400.Gross Amount Due To Seller101.Contract sales price401.Contract sales price102.Personal property402.Personal property103.Settlement charges to borrower (line 1400)403.104.404.105.405.Adjustments for items paid by seller in advanceAdjustments for items paid by seller in advance106.City/town taxesto406.City/town taxesto107.County taxesto407.County taxesto108.Assessmentsto408.Assessmentsto109.409.110.410.111.411.112.412.120.Gross Amount Due From Borrower420.Gross Amount Due To Seller200.Amounts Paid By Or In Behalf Of Borrower500.Reductions In Amount Due To Seller201.Deposit or earnest money501.Excess deposit (see instructions)202.Principal amount of new loan(s)502.Settlement charges to seller (line 1400)203.Existing loan(s) taken subject to503.Existing loan(s) taken subject to204.504.Payoff of first mortgage loan205.505.Payoff of second mortgage loan206.506.207.507.208.508.209.509.Adjustments for items unpaid by sellerAdjustments for items unpaid by seller210.City/town taxesto510.City/town taxesto211.County taxesto511.County taxesto212.Assessmentsto512.Assessmentsto213.513.214.514.215.515.216.516.217.517.218.518.219.519.220.Total Paid By/For Borrower520.Total Reduction Amount Due Seller300.Cash At Settlement From/To Borrower600.Cash At Settlement To/From Seller301.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 amt. due seller (line 520)()303.Cash From To Borrower603.Cash To From Seller 6.File Number:7.Loan Number:8.Mortgage Insurance Case Number:1. FHA2. FmHA3. Conv. Unins.4. VA5. Conv. Ins. B. Type of LoanSection 4(a) of RESPA mandates that HUD develop and prescribe thisstandard form to be used at the time of loan settlement to provide fulldisclosure of all charges imposed upon the borrower and seller. These arethird party disclosures that are designed to provide the borrower withpertinent information during the settlement process in order to be a bettershopper.The Public Reporting Burden for this collection of information is estimatedto average one hour per response, including the time for reviewing instruc-tions, searching existing data sources, gathering and maintaining the dataneeded, and completing and reviewing the collection of information.This agency may not collect this information, and you are not required tocomplete this form, unless it displays a currently valid OMB control number.The information requested does not lend itself to confidentiality.Section 5 of the Real Estate Settlement Procedures Act (RESPA) requiresthe following: HUD must develop a Special Information Booklet to helppersons borrowing money to finance the purchase of residential real estateto better understand the nature and costs of real estate settlement services;Each lender must provide the booklet to all applicants from whom itreceives or for whom it prepares a written application to borrow money tofinance the purchase of residential real estate; Lenders must prepare anddistribute with the Booklet a Good Faith Estimate of the settlement coststhat the borrower is likely to incur in connection with the settlement. Thesedisclosures are manadatory.Previous editions are obsoleteform HUD-1 (3/86)ref Handbook 4305.2 Page 2 of 2 L.Settlement ChargesPaid FromSeller'sFunds atSettlement Paid FromBorrowersFunds atSettlement 700.Total Sales/Broker's Commission based on price $@% =Division of Commission (line 700) as follows:701.$to702.$to703.Commission paid at Settlement704.800.Items Payable In Connection With Loan801.Loan Origination Fee%802.Loan Discount%803.Appraisal Feeto804.Credit Reportto805.Lender's Inspection Fee806.Mortgage Insurance Application Fee to807.Assumption Fee808.809.810.811.900.Items Required By Lender To Be Paid In Advance901.Interest from to @$/day902.Mortgage Insurance Premium formonths to903.Hazard Insurance Premium foryears to904.years to905.1000.Reserves Deposited With Lender1001.Hazard insurancemonths@$per month1002.Mortgage insurancemonths@$per month1003.City property taxesmonths@$per month1004.County property taxesmonths@$per month1005.Annual assessmentsmonths@$per month1006.months@$per month1007.months@$per month1008.months@$per month1100.Title Charges1101.Settlement or closing feeto1102.Abstract or title searchto1103.Title examinationto1104.Title insurance binderto1105.Document preparationto1106.Notary feesto1107.Attorney's feesto(includes above items numbers:)1108.Title insuranceto(includes above items numbers:)1109.Lender's coverage$1110.Owner's coverage$1111.1112.1113.1200.Government Recording and Transfer Charges1201.Recording fees: Deed $; Mortgage $; Releases $1202.City/county tax/stamps: Deed $;Mortgage $1203.State tax/stamps: Deed $;Mortgage $1204.1205.1300.Additional Settlement Charges1301.Surveyto1302.Pest inspectionto1303.1304.1305.1400.Total Settlement Charges (enter on lines 103, Section J and 502, Section K) American LegalNet, Inc. 251 www.FormsWorkFlow.com