| A. U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT SETTLEMENT STATEMENT | ||||
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B. TYPE OF LOAN | ||||
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FHA 2.___FmHA 3.___Conventional 4 ___VA 5.___Conventional Insured |
6. File Number
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7. Loan Number | 8. Mortgage Insurance
Case Number | |
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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. | ||||
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D. NAME AND ADDRESS OF BORROWER: |
E. NAME AND ADDRESS OF SELLER: |
F. NAME AND ADDRESS OF LENDER | ||
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G. PROPERTY LOCATION: City, State Zip |
H. SETTLEMENT AGENT: | |||
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PLACE OF SETTLEMENT: |
I. SETTLEMENT DATE: | |||
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J. SUMMARY OF BORROWER’S TRANSACTION |
K. SUMMARY OF SELLER’S TRANSACTION | ||
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100. GROSS AMOUNT DUE FROM BORROWER: |
400. GROSS AMOUNT DUE TO SELLER: | ||
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101. Contract sales price |
Sales
Price |
401. Contract sales price |
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102. Personal property |
402. Personal property |
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103. Settlement charges to borrower (line 1400) |
From Line
1400 |
403. |
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104. |
404. |
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105. |
405. |
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Adjustments for items paid by seller in advance |
Adjustments for items paid by seller in advance | ||
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106. City/town taxes to Input 20 Char. NameInput City Annual Taxes Paid thru Input Date If Input Date is Beyond Settlement Date Adjust by Daily Rate to Settlement Date. Total City Tax/365=Daily Rate Calculate Only if (Paid Thru Date is Beyond Settlement Date) |
Input Default
0 Calculated From Total City Tax |
406. City/town taxes to |
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107. County taxes to Input 20
Char. Name |
Input Default
0 Calculated From Total County Tax |
407. County taxes to |
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108. Assessments to Input 20
Char. Name |
Input Default
0 Calculated From Total HOA Assessments |
408. Assessments to |
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109. Condo Fees to Input 20
Char. Name |
Input Default
0 Calculated From Total Condo Fee |
409. Condo Fees to |
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110. |
410. |
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111. |
411. |
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112. |
412. |
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120. GROSS AMOUNT DUE FROM BORROWER |
Total of Lines
100-112 |
420. GROSS AMOUNT DUE TO SELLER |
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200. AMOUNTS PAID BY OR IN BEHALF OF BORROWER: |
500. REDUCTIONS IN AMOUNT DUE TO SELLER: | ||
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201. Deposit of earnest money |
Input Deposit Amt. Default
0 |
501. Excess deposit (see instructions) |
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202. Principal amount of new loan(s) |
Input 1st Loan
Amt. |
502. Settlement charges to seller (line 1400) |
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203. Existing loan(s) taken subject to |
Input Assumed Loan
Amt. |
503. Existing loan(s) taken subject to |
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204. Second Trust |
Input 2nd Loan Amt. |
504. Payoff of first mortgage loan |
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205. |
505. Payoff of second mortgage loan |
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206. |
506. |
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207. |
507. |
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208. |
508. |
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209. |
509. |
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Adjustments for items unpaid by seller |
Adjustments for items unpaid by seller | ||
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210. City/town taxes to Input 20
Char. |
Input Default
0 Calculated From Total City Tax |
510. City/town taxes to |
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211. County taxes to Input 20
Char. |
Input Default
0 Calculated From Total County Tax |
511. County taxes to |
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212. Assessments to Input 20
Char. |
Input Default
0 Calculated From Total HOA Assessments |
512. Assessments to |
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213. Condo Fees to Input 20
Char. |
Input Default
0 Calculated From Total Condo Fee |
513. |
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214. |
514. |
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215. Input 20 Char. Other Charge 1 |
Input Default
0 |
515. |
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216. Input 20 Char. Other Charge 2 |
Input Default
0 |
516. |
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217. |
517. |
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218. |
518. |
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219. |
519. |
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220. TOTAL PAID BY/FOR BORROWER |
Total of Lines
201-220 |
520. TOTAL REDUCTION AMOUNT DUE SELLER |
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300. CASH AT SETTLEMENT FROM/TO BORROWER |
600. CASH AT SETTLEMENT TO/FROM SELLER | ||
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301. Gross amount due from borrower (line 120) |
From Line
120 |
601. Gross amount due to seller (line 420) |
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302. Less amounts paid by/for borrower(line 220) |
From Line
220 |
602. Less reductions in amount due seller (line 520) |
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303. CASH FROM BORROWER |
Line 120-Line
220 |
603. CASH TO SELLER |
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L. SETTLEMENT CHARGES | |||||||||
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700. TOTAL SALES/BROKER’S COMMISSION based on price 702. $ to |
PAID FROM BORROWER’S FUNDS AT SETTLEMENT |
PAID FROM SELLER’S FUNDS AT SETTLEMENT | |||||||
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703. Commission paid at Settlement |
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704. |
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800. ITEMS PAYABLE IN CONNECTION WITH LOAN |
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801. Loan Origination Fee Input Percent Decimal Range 0-6% % |
% of Line
202 |
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802. Loan Discount Input Percent Decimal Range 0-6% % |
%
of Line 202 |
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803. Appraisal Fee |
Input Fee
Default 300 |
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804. Credit Report |
Input Fee Default 60 |
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805. Lender’s Inspection Fee |
Input Fee Default 125 | ||||||||
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806. Underwriting Fee |
Input Fee Default 225 |
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807. Tax Service Fee |
Input Fee Default 75 |
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808. Input 30 Char. Other Lender Fee |
Input Fee Default 0 |
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809. |
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810. |
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811. |
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900. ITEMS REQUIRED BY LENDER TO BE PAID IN ADVANCE | |||||||||
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901. Interest from Settlement Month and Day to Last Day of Settlement Month @$ Loan Amt.*Rate/365 per day for Calculate # of days from Settlement Date to End of Month |
Daily
rate*Days |
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902. Mortgage Insurance Premium |
Input Fee Default 0 |
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903. Hazard Insurance Premium $ Input Annual Hazard Insurance or Default .002 of Sales Price |
Default Sales Price Line 101*.002 | ||||||||
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1000. RESERVES DEPOSITED WITH LENDER |
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1001. Hazard Insurance Line 903 2 months @ $ Hazard/12 per month |
(Line903/12)*2 |
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1002. Mortgage Insurance Input MI 2 months @ $ MI/12 per month |
(MI/12)x2 Default 0 |
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1003. City property taxes Input From Total Taxes 5 months @ $ Total Taxes/12 per month |
(Total
Taxes/12)*5 |
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1004. County property taxes months Input Total Taxes @ $ Total Taxes/12 per month |
(Total Taxes/12)*5 |
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1005. Annual assessments months @ $ per month |
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1006. |
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1007. |
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1008. Aggregate Adjustment months @ $ per month |
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1100. TITLE CHARGES |
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1101. Settlement or closing fee |
Input Fee Default 250 |
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1102. Abstract or title search |
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1103. Title examination |
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1104. Title insurance binder |
Input Fee Default 195 |
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1105. Document preparation |
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1106. Notary fees |
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1107. Attorney’s fees |
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(includes above items No: ) |
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1108. Title Insurance to |
Line 1110 |
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(includes above items No: ) |
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1109. Lender’s coverage $ Lenders Coverage (First $100,000 of 1st Loan*.00348 Plus Amount $100,000-$500,000*.00288 Plus Amount between $500,000-$2,000,000.* .00240) | |||||||||
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1110. Owner’s coverage $ Owner Coverage (First $100,000 of Sales Price*.00468 per thousand, Plus Amount $100,000-$500,000*.00408 per thousand, Plus Amount between $500,000-$2,000,000*.00360 Per Thousand + $100.) | |||||||||
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1111. R-5 Compliance Fee |
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1112. Release Processing |
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1113. Courier Fee |
Input Fee Default 50 |
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1200. GOVERNMENT RECORDING AND TRANSFER CHARGES | |||||||||
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1201. Recording fees: |
Deed $33 | Mortgage $46 | Releases $ | Input Fee Default 79 | |||||
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1202. City/county tax/stamps: |
Deed $Sales Price*.00084 | Mortgage$ Loan Amt.*.00084 | Total Of Line 1202 |
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1203. State tax/stamps: |
Deed $Sales Price*.0025 | Mortgage $Loan Amt.*.0025 | Total Of Line 1203 |
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1204. |
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1205. |
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1300. ADDITIONAL SETTLEMENT CHARGES |
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1301. Survey |
Input Fee Default 300 |
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1302. Pest inspection |
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1303. HOA Management Transfer Fee Input Management Company Name |
Input Fee Default 25 |
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1304. |
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1305. |
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1400. TOTAL SETTLEMENT CHARGES (enter on lines 103, Section J and 502, Section K) |
Total of This
Column Line 703-1305 |
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