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P. 1
Example - New HUD 1

Example - New HUD 1

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Published by 51 Pegasi

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Published by: 51 Pegasi on Dec 09, 2009
Copyright:Attribution Non-commercial

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07/10/2013

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A.
SettlementStatement(HUD-1)
HUD-1PreviouseditionsareobsoletePage1of3
OMBApprovalNo.2502-0265
()
B.TypeofLoan
6.FileNumber:7.LoanNumber:8.MortgageInsuranceCaseNumber:1.FHA2.RHS3.Conv.Unins.4.VA5.Conv.Ins.
C.Note:
Thisformisfurnishedtogiveyouastatementofactualsettlementcosts.Amountspaidtoandbythesettlementagentareshown.Itemsmarked“(p.o.c.)“werepaidoutsidetheclosing;theyareshownhereforinformationalpurposesandarenotincludedinthetotals.D.Name&AddressofBorrower:E.Name&AddressofSeller:F.Name&AddressofLender:G.PropertyLocation:H.SettlementAgent:I.SettlementDate:PlaceofSettlement:
ThePublicReportingBurdenforthiscollectionofinformationisestimatedat35minutesperresponseforcollecting,reviewing,andreportingthedata.Thisagencymaynotcollectthisinformation,andyouarenotrequiredtocompletethisform,unlessitdisplaysacurrentlyvalidOMBcontrolnumber.Noconfidentialityisassured;thisdisclosureismandatory.ThisisdesignedtoprovidethepartiestoaRESPAcoveredtransactionwithinformationduringthesettlementprocess.
 J.SummaryofBorrowersTransactionK.SummaryofSellersTransaction
100.GrossAmountDuefromBorrower400.GrossAmountDuetoSeller
101.Contractsalesprice401.Contractsalesprice102.Personalproperty402.Personalproperty103.Settlementchargestoborrower(line1400)403.104.404.105.405.
AdjustmentforitemspaidbysellerinadvanceAdjustmentsforitemspaidbysellerinadvance
106.City/towntaxesto406.City/towntaxesto107.Countytaxesto407.Countytaxesto108.Assessmentsto408.Assessmentsto109.409.110.410.111.411.112.412.
120.GrossAmountDuefromBorrower420.GrossAmountDuetoSeller200.AmountsPaidbyorinBehalfofBorrower500.ReductionsInAmountDuetoSeller
201.Depositorearnestmoney501.Excessdeposit(seeinstructions)202.Principalamountofnewloan(s)502.Settlementchargestoseller(line1400)203.Existingloan(s)takensubjectto503.Existingloan(s)takensubjectto204.504.Payoffoffirstmortgageloan205.505.Payoffofsecondmortgageloan206.506.207.507.208.508.209.509.
AdjustmentsforitemsunpaidbysellerAdjustmentsforitemsunpaidbyseller
210.City/towntaxesto510.City/towntaxesto211.Countytaxesto511.Countytaxesto212.Assessmentsto512.Assessmentsto213.513.214.514.215.515.216.516.217.517.218.518.219.519.
220.TotalPaidby/forBorrower520.TotalReductionAmountDueSeller300.CashatSettlementfrom/toBorrower600.CashatSettlementto/fromSeller
301.Grossamountduefromborrower(line120)601.Grossamountduetoseller(line420)302.Lessamountspaidby/forborrower(line220)()602.Lessreductionsinamountdueseller(line520)
303.CashFromToBorrower603.CashToFromSeller
1111122222222249-00000000Bob Borrower123 Main StreetAnywhere, USA 00000Samantha Seller456 Home PlaceAnywhere, USA 00000XYZ Lender456 Main StreetSomewhere, USA 00000456 Home PlaceAnywhere, USA 00000Lot 12, Blk 2, Great View SubdivisionTitle Town USAMay 8, 2009$300,000.00$300,000.00$14,358.85$314,358.75$300,000.00
Earnest money deposit
$2,000.00$294,566.00$18,228.00$247,000.00$1,368.00$2,000.00$1,368.00
$266,596.00
$314,358.85$300,000.00$16,424.85$31,404.00
Print Form
222 Your Corner, Any Town, USA 00000Seller credit for transfer taxesSeller credit for transfer taxes
$297,934.00
 
HUD-1PreviouseditionsareobsoletePage2of3
L.SettlementCharges
700.TotalRealEstateBrokerFees
Divisionofcommission(line700)asfollows:701.$to702.$to703.Commissionpaidatsettlement704.
800.ItemsPayableinConnectionwithLoan
801.Ouroriginationcharge$
(fromGFE#1)
802.Yourcreditorcharge(points)forthespecificinterestratechosen$
(fromGFE#2)
803.Youradjustedoriginationcharges
(fromGFEA)
804.Appraisalfeeto
(fromGFE#3)
805.Creditreportto
(fromGFE#3)
806.Taxserviceto
(fromGFE#3)
807.Floodcertification
(fromGFE#3)
808.
900.ItemsRequiredbyLendertoBePaidinAdvance
901.Dailyinterestchargesfromto@$/day
(fromGFE#10)
902.Mortgageinsurancepremiumformonthsto
(fromGFE#3)
903.Homeownersinsuranceforyearsto
(fromGFE#11)
904.
1000.ReservesDepositedwithLender
1001.Initialdepositforyourescrowaccount
(fromGFE#9)
1002.Homeownersinsurancemonths@$permonth$1003.Mortgageinsurancemonths@$permonth$1004.Propertytaxesmonths@$permonth$1005.months@$permonth$1006.months@$permonth$1007.AggregateAdjustment$
1100.TitleCharges
1101.Titleservicesandlender’stitleinsurance
(fromGFE#4)
1102.Settlementorclosingfee
$
1103.Owner’stitleinsurance
(fromGFE#5)
1104.Lenderstitleinsurance$1105.Lender’stitlepolicylimit$1106.Owner’stitlepolicylimit$1107.Agentsportionofthetotaltitleinsurancepremium$1108.Underwritersportionofthetotaltitleinsurancepremium$
1200.GovernmentRecordingandTransferCharges
1201.Governmentrecordingcharges
(fromGFE#7)
1202.Deed$Mortgage$Releases$1203.Transfertaxes
(fromGFE#8)
1204.City/Countytax/stampsDeed$Mortgage$1205.Statetax/stampsDeed$Mortgage$1206.
1300.AdditionalSettlementCharges
1301.Requiredservicesthatyoucanshopfor
(fromGFE#6)
1302.$1303.$1304.1305.
1400.TotalSettlementCharges(enteronlines103,SectionJand502,SectionK)
PaidFromBorrower’sFundsatSettlementPaidFromSeller’sFundsatSettlement
Earnest money deposit held by RE #2 $2,000 P.O.C.9,360.00RE #1RE #2
3,00039.59
$3,250.00$250.00
$40.00
$76.00$12.00Flood Certification Company$910.57$5,066.25$600.00
1
$516.03$925.00$725.00175.00294,566300,000720.00 to Title180.00 to Title684.00$50.0025.00$1,368.0025.00684.00225.00$270.0045.00Home warranty to Home Warranty Company
$14,358.85
9,360.00$16,720.00
1FHA125/85/31Insure-It
132.69
132.6950.0050.00
ABC Broker/XYZ LenderAppraisal CompanyCredit Report CompanyTax Service Company
1
6,250
3166.67
500.01-166.6715.00684.00684.00$300.00Survey to Measure-ItPest inspection to Rid-A-Bug
$18,228.00
$125.0015.00$1,368.00Title Town USATitle Town USA/Title UnderwriterTitle Town USA/Title Underwriter
Town USAUnderwriter

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