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Settlement Statement
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| Type of Loan |
File |
Loan # |
Case# |
| Name and Address of Borrower |
| Name and Address of Seller |
| Name and Address of Lender |
| Property Location |
| Settlement Agent and Time and Place of Settlement |
| Settlement Date |
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SUMMARY OF BORROWER'S TRANSACTION
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SUMMARY OF SELLER'S TRANSACTION
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Gross Amount Due From Borrower
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Gross Amount Due to Seller
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Contract Price
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Contract Price
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Personal Property
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Personal Property
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Settlement Charges to Borrower
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Adjustments for Items Paid by Seller in Advance
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Adjustments for Items Paid by Seller in Advance
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City/Town Taxes
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City/Town Taxes
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County Taxes
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County Taxes
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Assessments
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Assessments
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GROSS AMOUNT DUE FROM BORROWER
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GROSS AMOUNT DUE TO SELLER
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Amounts Paid for by or on Behalf of Borrower
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Reductions in Amounts Due to Seller
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Deposit or Earnest Money
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Excess Deposit
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Principal Amount of New Loan
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Settlement Charges to Seller
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Existing Loans Taken Subject to:____________
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Existing Loans Taken Subject to:__________
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Payoff of First Mortgage Loan to:
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Adjustments for Items Unpaid by Seller
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Adjustment for Items Unpaid by Seller
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City/Town Taxes
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City/Town Taxes
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County Taxes
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County Taxes
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Assessments
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Assessments
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TOTAL PAID BY/FOR BORROWER
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TOTAL REDUCTIONS IN AMOUNT DUE SELLER |
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Cash at Settlement from/to Borrower
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Cash at Settlement to/from Seller
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Gross Amount Due from Borrower
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Gross Amount Due to Seller
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Less Amount Paid by/for Borrower
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Less Reductions in Amount Due Seller
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SETTLEMENT CHARGES
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Total Sales/Broker's Commission
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PAID FROM BORROWER'S FUNDS AT SETTLEMENT
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PAID FROM
SELLER'S FUNDS AT SETTLEMENT
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| Based on price $____________ at ____% = |
| Division of Commission as Follows |
| $_________________________________to |
| $_________________________________to |
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ITEMS PAYABLE IN CONNECTION WITH LOAN
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Loan Origination Fee
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Loan Discount
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Appraisal Fee to____________________________________$
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Credit Report to____________________________________$
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Lenders Inspection Fee to:_____________________________$
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Mortgage Insurance Application Fee:
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Assumption Fee:
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Other:
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ITEMS REQUIRED BY LENDER TO BE PAID IN ADVANCE
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Interest from______________to_____________ @__________/day
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Mortgage Insurance Premium for_______Months to:
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Hazard Insurance Premium for_______Years to:
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Flood Insurance Premium for________Years to:
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RESERVES DEPOSITED WITH LENDER
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Hazard Insurance
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Mortgage Insurance
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City Property Taxes
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County Property Taxes
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Annual Assessments
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Flood Insurance
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TITLE CHARGES
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Settlement or Closing Fee to:
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Abstract or Title Search to:
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Title Examination to:
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Title Insurance Binder to:
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Document Preparation to:
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Notary Fees to:
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Attorney Fees to:
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Title Insurance to:
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Lender's Coverage:
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Owner's Coverage:
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GOVERNMENT RECORDING AND TRANSFER CHARGES
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Recording Fees:
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City/County Tax stamps
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State Tax Stamps
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Grantors Tax
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ADDITIONAL SETTLEMENT CHARGES
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Survey to:
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Pest Inspection to:
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Other:
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TOTAL SETTLEMENT CHARGES
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| I have carefully reviewed the HUD-1 Settlement Statement and to the best
of my knowledge and belief, it is a true and accurate statement of all receipts and disbursements made on my account
or by me in this transaction. I further certify that I have received a copy of the HUD-1 Settlement Statement. |
| Borrower:_______________________ Date:________ Seller:____________________________Date:_____________ |
| Borrower:_______________________ Date:________ Seller:____________________________Date:_____________ |