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pdfOMB Approval No. 2502-0265
A.
Settlement Statement (HUD-1)
B. Type of Loan
6. File Number:
1.
FHA
2.
RHS
4.
VA
5.
Conv. Ins.
3.
7. Loan Number:
8. Mortgage Insurance Case Number:
Conv. Unins.
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 & Address of Borrower:
E. Name & Address of Seller:
F. Name & Address of Lender:
G. Property Location:
H. Settlement Agent:
I. Settlement Date:
Place of Settlement:
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.
Adjustment for items paid by seller in advance
to
106. City/town taxes
Adjustments for items paid by seller in advance
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
201. Deposit or earnest money
500. Reductions In Amount Due to Seller
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
210. City/town taxes
to
Adjustments for items unpaid by seller
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
301. Gross amount due from borrower (line 120)
600. Cash at Settlement to/from Seller
601. Gross amount due to seller (line 420)
302. Less amounts paid by/for borrower (line 220)
303. Cash
From
To Borrower
(
)
602. Less reductions in amount due seller (line 520)
603. Cash
To
(
)
From Seller
The Public Reporting Burden for this collection of information is estimated at 35 minutes per response for collecting, reviewing, and
reporting the data. This agency may not collect this information, and you are not required to complete this form, unless it displays a
currently valid OMB control number. No confidentiality is assured; this disclosure is mandatory. This is designed to provide the parties to
a RESPA covered transaction with information during the settlement process.
Previous editions are obsolete
Page 1 of 3
HUD-1
L. Settlement Charges
700. Total Real Estate Broker Fees
Paid From
Borrower’s
Funds at
Settlement
Division of commission (line 700) as follows:
701. $
to
702. $
to
Paid From
Seller’s
Funds at
Settlement
703. Commission paid at settlement
704.
800. Items Payable in Connection with Loan
801. Our origination charge
$
(from GFE #1)
802. Your credit or charge (points) for the specific interest rate chosen $
(from GFE #2)
803. Your adjusted origination charges
(from GFE A)
804. Appraisal fee to
(from GFE #3)
805. Credit report to
(from GFE #3)
806. Tax service to
(from GFE #3)
807. Flood certification
(from GFE #3)
808.
900. Items Required by Lender to Be Paid in Advance
901. Daily interest charges from
to
@$
/day
902. Mortgage insurance premium
for
months to
(from GFE #3)
903. Homeowner’s insurance
for
years to
(from GFE #11)
(from GFE #10)
904.
1000. Reserves Deposited with Lender
1001. Initial deposit for your escrow account
1002. Homeowner’s insurance
months @ $
(from GFE #9)
per month
$
1003. Mortgage insurance
months @ $
per month
$
1004. Property taxes
months @ $
per month
$
1005.
months @ $
per month
$
1006.
months @ $
per month
$
1007. Aggregate Adjustment
–$
1100. Title Charges
1101. Title services and lender’s title insurance
(from GFE #4)
1102. Settlement or closing fee
$
1103. Owner’s title insurance
(from GFE #5)
1104. Lender’s title insurance
$
1105. Lender’s title policy limit $
1106. Owner’s title policy limit $
1107. Agent’s portion of the total title insurance premium
$
1108. Underwriter’s portion of the total title insurance premium
$
1200. Government Recording and Transfer Charges
1201. Government recording charges
1202. Deed $
Mortgage $
(from GFE #7)
Releases $
1203. Transfer taxes
(from GFE #8)
1204. City/County tax/stamps
Deed $
Mortgage $
1205. State tax/stamps
Deed $
Mortgage $
1206.
1300. Additional Settlement Charges
1301. Required services that you can shop for
(from GFE #6)
1302.
$
1303.
$
1304.
1305.
1400. Total Settlement Charges (enter on lines 103, Section J and 502, Section K)
Previous editions are obsolete
Page 2 of 3
HUD-1
Comparison of Good Faith Estimate (GFE) and HUD-1 Charges
Charges That Cannot Increase
Good Faith Estimate
HUD-1
HUD-1 Line Number
Our origination charge
# 801
Your credit or charge (points) for the specific interest rate chosen
# 802
Your adjusted origination charges
# 803
Transfer taxes
#1203
Charges That in Total Cannot Increase More Than 10%
Government recording charges
Good Faith Estimate
HUD-1
# 1201
#1201
#1201
#1201
#1201
#1201
#1201
#____
Total
Increase between GFE and HUD-1 Charges
$123456
Charges That Can Change
or
%
Good Faith Estimate
Initial deposit for your escrow account
#1001
Daily interest charges
# 901
Homeowner’s insurance
# 903
HUD-1
2 /day
$
#1201
#1201
#1201
Loan Terms
Your initial loan amount is
$
Your loan term is
years
Your initial interest rate is
%
Your initial monthly amount owed for principal, interest, and
and any mortgage insurance is
$
includes
Principal
Interest
Mortgage Insurance
Can your interest rate rise?
No.
Yes, it can rise to a maximum of XXX%. The first change will be
on [DATEDATE] and can change again every [DATEDATE] after
[DATEDATE] . Every change date, your interest rate can increase or decrease
by XXX%. Over the life of the loan, your interest rate is guaranteed to never be
lower than XXX% or higher than XXX%.
Even if you make payments on time, can your loan balance rise?
No.
Yes, it can rise to a maximum of $[AMOUNT].
Even if you make payments on time, can your monthly
No.
Yes, the first increase can be on
amount owed for principal, interest, and mortgage insurance rise?
and the monthly amount
owed can rise to $[DATEDATE].
The maximum it can ever rise to is $[DATEDATE].
Does your loan have a prepayment penalty?
Does your loan have a balloon payment?
No.
Yes, your maximum prepayment penalty is $[AMOUNT .
No.
Yes, you have a balloon payment of $[AMOUNT] due in
XXX years on [DATEDATE].
Total monthly amount owed including escrow account payments
You do not have a monthly escrow payment for items, such as property
taxes and homeowner’s insurance. You must pay these items directly yourself.
You have an additional monthly escrow payment of $[AMOUNT]
that results in a total initial monthly amount owed of $[AMOUNT]. This includes
principal, interest, any mortgage insurance and any items checked below:
Property taxes
Homeowner’s insurance
Flood insurance
Note: If you have any questions about the Settlement Charges and Loan Terms listed on this form, please contact your lender.
Previous editions are obsolete
Page 3 of 3
HUD-1
File Type | application/pdf |
File Title | HUD-1 Layered Master |
File Modified | 2008-11-12 |
File Created | 2008-11-12 |