The HUD-1 Statement

*NOTE: This is an example HUD-1 Settlement Statement based on a sales price of $142,000.00 and it has been simplified for display purposes. Normally, this section contains addresses, the type of loan, settlement company, and other information tied to the sale of the property. Sections A, B, C, D, E, F, G, H, and I have been removed. Your own charges and closing costs will differ.

J. SUMMARY OF BORROWER’S

K. SUMMARY OF SELLER’S

100. Gross Due From Borrower:

400. Gross Due to Seller:

101. Sales price

142,000.00

401. Sales price

142,000.00

102. Persnl prprty

402. Persnl prprty

103. Settlement charges to borrower(line 1400)

7,220.28

403. Settlement charges to seller (line 1400)

7,492.00

104.

404.

105.

405.

Adjustments for items paid by seller in advance

Adjustments for items paid by seller in advance

106. City/town tax

406. City/town tax

107. County taxes

407. County taxes

108. Assessments

408. Assessments

109.

409.

110.

410.

111.

411.

112.

412.

120. GROSS AMOUNT DUE FROM BORROWER

149,220.28

420. GROSS AMOUNT DUE TO SELLER

134,508.00

L. SETTLEMENT CHARGES

700. TOTAL COMMISSION based on $142,000.00 @ 5% = $7,100.00

PAID FROM BORROWER’S FUNDS AT SETTLEMENT

PAID FROM SELLER’S FUNDS AT SETTLEMENT

Division of Commission (line 700)

701. $2,840.00 to Listing Firm

702. $4,260.00 to Selling Firm (less deposit retained $500)

703. Commission paid at Settlement

7,100.00

704.

800. ITEMS PAYABLE IN CONNECTION WITH LOAN

801. Loan Origination Fee %

802. Loan Discount % 0.44

624.80

803. Appraisal Fee POC $XX

804. Credit Report POC $XX

805. Lender’s Inspection Fee

806. Mortgage Insurance Application

807. Assumption Fee to Any Bank

3,053.00

808.

809. Flood Certification Fee

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 @$22.85 /day (6 days %)

137.10

902. Mortgage Insurance Premium

903. Hazard Insurance Premium (year)

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

1102. Abstract or title search

1103. Title examination

225.00

1104. Title insurance binder

30.00

1105. Document preparation

1106. Notary fees

1107. Attorney’s fees to Lawyer

250.00

1108. Title Insurance

742.40

1109. Lender’s coverage

1110. Owner’s coverage

1111.

1112.

1113.

1200. GOVERNMENT RECORDING AND TRANSFER CHARGES

1201. Recording fees: Deed $33.00/Mortgage $46.00

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 and 403)

7,220.28

7,492.00