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Monday
May 12th
HUD 1 Settlement Statement PDF Print E-mail

Below, you can review an example HUD 1 Settlemen Statement. Please keep in mind that this HUD 1 is not real and only provides an example of your own closing statements. Your own figures andcredits may be significantly different.

Example HUD-1 Closing/Settlement Statement

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

B. TYPE OF LOAN

Conventional
  

6. File Number

xxxxxx

7. Loan Number

xxxxxx
 
1. o FHA
2. o FHA
 
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: 123 Buyer Street
E. NAME AND ADDRESS OF SELLER: 123 Seller Ave.
F. NAME AND ADDRESS OF LENDER: 123 Lend Rd
G. PROPERTY LOCATION: Any Street

H. SETTLEMENT AGENT: NAME, AND ADDRESS
Best Title Company: Best Street U.S.A.

 
PLACE OF SETTLEMENT: U.S.A.
I. SETTLEMENT DATE: December 25 th , 2010
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 142,000.00 401. Contract sales price 142,000.00
102. Personal property  402. Personal property  
103. Settlement charges to borrower(line 1400) 7,115.62 403.  
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.  109.  
110.  110.  
111.  111.  
112.  112. 
120. GROSS AMOUNT DUE FROM BORROWER 149,115.62 420. GROSS AMOUNT DUE TO SELLER 142,000.00

L. SETTLEMENT CHARGES
700. TOTAL SALES/BROKER'S COMMISSION based on price $ @ %= $142,000@5% $7,100.00
PAID FROM BORROWER'S FUNDS AT SETTLEMENT
PAID FROM SELLER'S FUNDS AT SETTLEMENT
Division of Commission (line 700) as follows:
-
-
701. $ 2,840.00 to Any Real Estate Firm
-
-
702. $ 4,260.00 to GSH Real Estate (less deposit retained-$500)
-
-
703. Commission paid at Settlement
-
6,600.00
704.
-
-
800. ITEMS PAYABLE IN CONNECTION WITH LOAN
801. Loan Origination Fee %
-
-
802. Loan Discount % 0.4400 to Any Bank
642.58
-
803. Appraisal Fee to Appraisal Firm POC $300
50.00
-
804. Credit Report to Credit Firm POC $XX
-
-
805. Lender's Inspection Fee
-
-
806. Mortgage Insurance Application Fee to
-
-
807. Assumption Fee to Any Bank
3,053.00
-
808.
-
-
809. Flood Certification Fee to Flood Firm
11.00
-
810. Satisfactory Completion Certificate to Any Bank
75.00
-
811.
-
-
900. ITEMS REQUIRED BY LENDER TO BE PAID IN ADVANCE
901. Interest from 02/23/05 to 03/01/05 @$22.850000 /day (6 days %)
137.10
-
902. Mortgage Insurance Premium for months to
-
-
903. Hazard Insurance Premium for 1 year to Insurance Firm
344.83
-
904.
-
-
905.
-
-
1000. RESERVES DEPOSITED WITH LENDER
1001. Hazard Insurance 3 months @ $28.74 per month
86.22
-
1002. Mortgage insurance months @ $ per month
-
-
1003. City property taxes months @ $ per month
-
-
1004. County property taxes 6 months @ $127.80 per month
766.80
-
1005. Annual assessments months @ $ per month
-
-
1006. months @ $ per month
-
-
1007. months @ $ per month
-
-
1008. Aggregate Adjustment months @ $ per month
86.22
-
1100. TITLE CHARGES
1101. Settlement or closing fee to
-
-
1102. Abstract or title search to
-
-
1103. Title examination to Title Company
225.00
-
1104. Title insurance binder to Title Company
30.00
-
1105. Document preparation to
-
-
1106. Notary fees to
-
-
1107. Attorney's fees to Lawyer
-
250.00
(includes above items numbers; )
-
-
1108. Title Insurance to Title Insurance Firm
742.40
-
(includes above items numbers; )
-
-
1109. Lender's coverage $ 145,053.00 593.92
-
-
1110. Owner's coverage $ 142,000.00 148.48
-
-
1111.
-
-
1112.
-
-
1113.
-
-
1200. GOVERNMENT RECORDING AND TRANSFER CHARGES
1201. Recording fees: Deed $33.00 ; Mortgage $46.00 ; Releases $
79.00
-
1202. City/county tax/stamps: Deed $119.28 ; Mortgage $121.88
241.16
-
1203. State tax/stamps: Deed $355.00 ; Mortgage $362.75
717.75
-
1204. Grantors Tax to Clerk of Court
-
142.00
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)
7115.62
6,992.00




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