| 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: , |
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. |
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406. City/town taxes to |
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107. County taxes to Input 20 Char. |
407. County taxes to |
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108. Assessments to Input 20 Char. |
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408. Assessments to |
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109. Condo Fees to Input 20 Char. |
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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 |
501. Excess deposit (see instructions) |
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202. Principal amount of new loan(s) |
502. Settlement charges to seller (line 1400) |
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203. Existing loan(s) taken subject to |
503. Existing loan(s) taken subject to |
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204. |
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. |
510. City/town taxes to |
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211. County taxes to Input 20 Char. |
511. County taxes to |
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212. Assessments to Input 20 Char. |
512. Assessments to |
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213. Condo Fees to Input 20 Char. |
513. |
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214. |
514. |
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215. Input 20 Char. |
515. |
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216. Input 20 Char. |
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 |
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804. Credit Report |
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805. Lender’s Inspection Fee |
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806. Underwriting Fee |
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807. Tax Service Fee |
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808. Input 30 Char. |
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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 |
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903. Hazard Insurance Premium $ Input Hazard Default .002 of Sales Price |
Line 903 | ||||||||
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1000. RESERVES DEPOSITED WITH LENDER |
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1001. Hazard Insurance Input Hazard 2 months @ $ Hazard/12 per month |
(Premium/12)*2 |
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1002. Mortgage Insurance Input MI 2 months @ $ MI/12 per month |
(MI/12)x2 |
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1003. City property taxes Input Total Taxes 4 months @ $ Total Taxes/12 per month |
(Total
Taxes/12)*4 |
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1004. County property taxes months Input Total Taxes @ $ Total Taxes/12 per month |
(Total Taxes/12)*4 |
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1005. Annual assessments months @ $ per month |
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1006. months @ $ per month |
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1007. months @ $ per month |
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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 |
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1102. Abstract or title search |
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1103. Title examination |
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1104. Title insurance binder |
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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 |
Total of Line
1109 & 1110 |
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(includes above items No: ) |
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1109. Lender’s coverage $ (Loan Amt.-100000.)*.00240+290 | |||||||||
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1110. Owner’s coverage $ (Sales Price-10000.)*.00468+468 | |||||||||
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1111. R-5 Compliance Fee |
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1112. Release Processing |
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1113. Courier Fee |
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1200. GOVERNMENT RECORDING AND TRANSFER CHARGES | |||||||||
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1201. Recording fees: |
Deed $20 | Mortgage $34 | Releases $ | Total Of Line
1201 |
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1202. City/county tax/stamps: |
Deed $Sales Price*.0005 | Mortgage$ Loan Amt.*.0005 | Total Of Line 1202 |
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1203. State tax/stamps: |
Deed $Sales Price*.0015 | Mortgage $Loan Amt.*.0015 | 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 |
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1302. Pest inspection |
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1303. HOA Management Transfer Fee |
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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 |
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