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Lenders and mortgage brokers are required by federal law, RESPA, to give you this booklet when applying for a loan, or within three business days afterwards. Return to the Table of Contents.

Your Settlement Costs
HUD-1 Settlement Statement

Mortgage Glossary

HUD-1 Settlement Statement borrower seller loan costs charges

 

[See below... ]

 

 

 

 

 

A.    U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT                   SETTLEMENT STATEMENT
B. TYPE OF LOAN    
  1. FHA 2. FmHA
3. CONV. UNINS. 4. VA 5. CONV. INS.

6. File Number

7. Loan Number

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:

 

 E. NAME AND ADDRESS OF SELLER: F. NAME AND ADDRESS OF LENDER:

G. PROPERTY LOCATION:

H. SETTLEMENT AGENT: NAME, AND ADDRESS

 

PLACE OF SETTLEMENT:

 

 I. SETTLEMENT DATE:
J. SUMMARY OF BORROWER'S TRANSACTION
100. GROSS AMOUNT DUE FROM BORROWER:
101. Contract sales price  
102. Personal property  
103. Settlement charges to borrower (line 1400)  
104.  
105.  
Adjustments 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		  
 
K. SUMMARY OF SELLER'S TRANSACTION
400. GROSS AMOUNT DUE TO SELLER:
401. Contract sales price  
402. Personal property  

403.
 

  
404.  
405.  
Adjustments 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		  
200. AMOUNTS PAID BY OR IN BEHALF OF
         BORROWER:
201. Deposit of 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
 		  
 
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		  
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  
 
600. CASH AT SETTLEMENT TO/FROM SELLER
601. Gross amount due to seller (line 420)  
602. Less reductions in amount due seller (line 520)  
603. CASH (   TO) (   FROM) SELLER  
L. SETTLEMENT CHARGES
700. TOTAL SALES/BROKER'S COMMISSION based on price $ @ %= PAID FROM BORROWER'S FUNDS AT SETTLEMENT PAID FROM SELLER'S FUNDS AT SETTLEMENT
Division of Commission (line 700) as follows:
701. $ to    
702. $ to    
703. Commission paid at Settlement    
704.    
800. ITEMS PAYABLE IN CONNECTION WITH LOAN    
801. Loan Origination Fee %    
802. Loan Discount %    
803. Appraisal Fee to    
804. Credit Report to    
805. Lender's Inspection Fee    
806. Mortgage Insurance Application Fee to    
807. Assumption Fee    
808.    
809.    
810.    
811.    
900. ITEMS REQUIRED BY LENDER TO BE PAID IN ADVANCE
901. Interest from to @$ /day    
902. Mortgage Insurance Premium for months to    
903. Hazard Insurance Premium for years to    
904. years to    
905.    
1000. RESERVES DEPOSITED WITH LENDER    
1001. Hazard Insurance months @ $ per month    
1002. Mortgage insurance months @ $ per month    
1003. City property taxes months @ $ per month    
1004. County property taxes months @ $ per month    
1005. Annual assessments months @ $ per month    
1006. months @ $ per month    
1007. months @ $ per month    
1008. Aggregate Adjustment months @ $ per month    
1100. TITLE CHARGES    
1101. Settlement or closing fee to    
1102. Abstract or title search to    
1103. Title examination to    
1104. Title insurance binder to    
1105. Document preparation to    
1106. Notary fees to    
1107. Attorney's fees to    
(includes above items numbers; )    
1108. Title Insurance to    
(includes above items numbers; )    
1109. Lender's coverage $    
1110. Owner's coverage $    
1111.    
1112.    
1113.    
1200. GOVERNMENT RECORDING AND TRANSFER CHARGES
1201. Recording fees: Deed $ ; Mortgage $ ; Releases $    
1202. City/county tax/stamps: Deed $ ; Mortgage $    
1203. State tax/stamps: Deed $ ; Mortgage $    
1204.    
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)    
CONTINUED  
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