HUD-1 Settlement Statement

OMB Approval No. 2502-0265

A. Settlement Statement (HUD-1)

B. Type of Loan

FHA

RHS

Conv. Unins.

6. File Number:

7. Loan Number:

8. Mortgage Insurance Case Number:

Conv. Ins.

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

101.Contract sales price

102.	Personal property
103.	Settlement charges to borrower (line 1400)
104.
105.
Adjustment for items paid by seller in advance
106.	City/town taxes		to
107.	County taxes		to
108. Assessments			to
109.
110.
111.
112.
120. Gross Amount Due from Borrower
200. Amount Paid by or in Behalf of Borrower
201.	Deposit or earnest money
202.	Principal amount of new loan(s)

203.	Existing loan(s) taken subject to
204.
205.
206.
207.
208.
209.
Adjustments for items unpaid by seller
210.	City/town taxes		to
211. County taxes			to
212. Assessments			to
213.
214.
215.
216.
217.
218.
219.
220.	Total Paid by/for Borrower
300.	Cash at Settlement from/to Borrower
301.	Gross amount due from borrower (line 120)

302.	Less amounts paid by/for borrower (line 220)			(	)

303. Cash		From	To Borrower
303. Cash		From	To Borrower

400.Gross Amount Due to Seller

401.Contract sales price

402.	Personal property
403.
404.
405.
Adjustment for items paid by seller in advance
406.	City/town taxes		to
407.	County taxes		to
408. Assessments			to
409.
410.
411.
412.
420. Gross Amount Due to Seller
500.	Reductions In Amount Due to seller
501.	Excess deposit (see instructions)
502.	Settlement charges to seller (line 1400)
503.	Existing loan(s) taken subject to
504.	Payoff of first mortgage loan

505.	Payoff of second mortgage loan
506.
507.
508.
509.
Adjustments for items unpaid by seller
510.	City/town taxes		to
511. County taxes			to
512. Assessments			to
513.
514.
515.
516.
517.
518.
519.
520.	Total Reduction Amount Due Seller
600.	Cash at Settlement to/from Seller
601.	Gross amount due to seller (line 420)

602.	Less reductions in amounts due seller (line 520)			(	)
603. Cash		To	From Seller
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	Paid From
	Division of commission (line 700) as follows :		Borrower's	Seller's
701.	$	to	Funds at	Funds at
701.	$	to	Settlement	Settlement
702.	$	to
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 to					(from GFE #3)
808.
809.
810.
811.

900. Items Required by Lender to be Paid in Advance
901.	Daily interest charges from	to	@ $	/day		(from GFE #10)
902.	Mortgage insurance premium for		months to			(from GFE #3)
903.	Homeowner's insurance for		years to			(from GFE #11)
904.

1000.	Reserves Deposited with Lender

1001.	Initial deposit for your escrow account				(from GFE #9)
1002.	Homeowner's insurance		months @ $	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 to					$
1108. Underwriter's portion of the total title insurance premium to					$
1109.
1110.
1111.

1200. Government Recording and Transfer Charges
1201.	Government recording charges				(from GFE #7)
1202.	Deed $	Mortgage $		Release $
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

Comparison of Good Faith Estimate (GFE) and HUD-1 Charges
Charges That Cannot Increase	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

Good Faith Estimate

HUD-1

Charges That In Total Cannot Increase More Than 10%

Good Faith Estimate

HUD-1

Government recording charges

# 1201

Total

Increase between GFE and HUD-1 Charges

Charges That Can Change

Good Faith Estimate

HUD-1

Initial deposit for your escrow account

# 1001

Daily interest charges

/day

# 901

Homeowner's insurance

# 903

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 any

includes

mortgage insurance is

Principal

Interest

Mortgage Insurance

Can your interest rate rise?

Yes, it can rise to a maximum of

%. The first change will be on

and can change again every

after

. Every change date, your

interest rate can increase or decrease by

%. Over the life of the loan, your interest rate is

guaranteed to never be lower than

% or higher than

Even if you make payments on time, can your loan balance rise?

Yes, it can rise to a maximum of $

Even if you make payments on time, can your monthly

Yes, the first increase can be on

and the monthly amount

amount owed for principal, interest, and mortgage insurance rise?

owed can rise to $

. The maximum it can ever rise to is $

Does your loan have a prepayment penalty?

Yes, your maximum prepayment penalty is $

Does your loan have a balloon payment?

Yes, you have a balloon payment of $

due in

years

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 $

that results in a total initial monthly amount owed of $

. This includes

principal, interest, any mortagage 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

Note: The HUD-1 Settlement Statement was replaced by the Closing Disclosure form, while the Good Faith Estimate of closing costs was replaced by a new "Loan Estimate" form.

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