Filling up Settlement Statement (HUD-1) form

A. Settlement Statement (HUD-1)

HUD-1Page 1 of 3Previous edition are obsolete

B. Type of Loan

J. Summary of Borrower’s Transaction

100. Gross Amount Due from Borrower

C. Note:

400. Gross Amount Due to Seller

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.

401. Contract sales price

106. City/town taxes to

to

to

to

to

to

to

to

to

to

to

to

406. City/town taxes

203. Existing loan(s) taken subject to 503. Existing loan(s) taken subject to

212. Assessments 512. Assessments

302. Less amounts paid by/for borrower (line 220) 602. Less reductions in amounts due seller (line 520)( ) ( )

213. 513.

214. 514. 215. 515. 216. 516.

218. 518.

217. 517.

219. 519.

102. Personal property

101. Contract sales price

402. Personal property

107. County taxes 407. County taxes

204. 504. Payoff of first mortgage loan

103. Settlement charges to borrower (line 1400) 403.

108. Assessments 408. Assessments

205. 505. Payoff of second mortgage loan

104. 404.

109. 409.

206. 506.

201. Deposit or earnest money 501. Excess deposit (see instructions)

210. City/town taxes 510. City/town taxes

105.

1.

D. Name & Address of Borrower:

G. Property Location:

E. Name & Address of Seller: F. Name & Address of Lender:

I. Settlement Date:H. Settlement Agent:

Place of Settlement:

2. 3.FHA RHS Conv. Unins. 6. File Number: 7. Loan Number: 8. Mortgage Insurance Case Number:

VA Conv. Ins.4. 5.

405.

110. 410.

207. 507.

202. Principal amount of new loan(s) 502. Settlement charges to seller (line 1400)

211. County taxes 511. County taxes

301. Gross amount due from borrower (line 120) 601. Gross amount due to seller (line 420)

111. 411.

208. 508.

112. 412.

209. 509.

120. Gross Amount Due from Borrower 420. Gross Amount Due to Seller 200. Amount Paid by or in Behalf of Borrower 500. Reductions In Amount Due to seller

Adjustments for items unpaid by seller Adjustments for items unpaid by seller

220. Total Paid by/for Borrower 520. Total Reduction Amount Due Seller

303. Cash 603. CashFrom ToTo Borrower From Seller

300. Cash at Settlement from/to Borrower 600. Cash at Settlement to/from Seller

Adjustment for items paid by seller in advance Adjustment for items paid by seller in advance

K. Summary of Seller’s Transaction

OMB Approval No. 2502-0265

The Public Reporting Burden for this collection of information is estimated at 35 minutes per response for collecting, reviewing, and reporting the data. This agency may not collect this information, and you are not required to complete this form, unless it displays a currently valid OMB control number. No confidentiality is assured; this disclosure is mandatory. This is designed to provide the parties to a RESPA covered transaction with information during the settlement process.

HUD-1Page 2 of 3Previous edition are obsolete

L. Settlement Charges

700. Total Real Estate Broker Fees

800. Items Payable in Connection with Loan

900. Items Required by Lender to be Paid in Advance

1000. Reserves Deposited with Lender

1100. Title Charges

1200. Government Recording and Transfer Charges

1300. Additional Settlement Charges

702. $ to

to

802. Your credit or charge (points) for the specific interest rate chosen

902. Mortgage insurance premium for months to

1002. Homeowner’s insurance months @ $ per month $

1102. Settlement or closing fee

1202. Deed $ Mortgage $ Release $

1302.

701. $

801. Our origination charge

901. Daily interest charges from to @ $ /day

1001. Initial deposit for your escrow account

1101. Title services and lender’s title insurance

1201. Government recording charges

1301. Required services that you can shop for

703. Commission paid at settlement

Division of commission (line 700) as follows :

803. Your adjusted origination charges

903. Homeowner’s insurance for years to

1003. Mortgage insurance months @ $ per month $

1103. Owner’s title insurance

1203. Transfer taxes

1303.

704.

804. Appraisal fee to

904.

1004. Property Taxes months @ $ per month $

1104. Lender’s title insurance

1204. City/County tax/stamps Deed $ Mortgage $

1304.

1005. months @ $ per month $

1105. Lender’s title policy limit $

1205. State tax/stamps Deed $ Mortgage $

1305.

1006. months @ $ per month $

1106. Owner’s title policy limit $

1206.

1007. Aggregate Adjustment -$

1107. Agent’s portion of the total title insurance premium to

1108. Underwriter’s portion of the total title insurance premium to

1109.

1110.

1111.

805. Credit report to

806. Tax service to

807. Flood certification to

808.

809.

810.

811.

Paid From Borrower’s Funds at

Settlement

Paid From Seller’s

Funds at Settlement

$

$

$

$

$

$

1400. Total Settlement Charges (enter on lines 103, Section J and 502, Section K)

(from GFE #1)

(from GFE #3)

(from GFE #2)

(from GFE #3)

(from GFE #10)

(from GFE #4)

(from GFE #3)

(from GFE #11)

(from GFE #9)

(from GFE #5)

(from GFE #7)

(from GFE #8)

(from GFE #6)

(from GFE #A)

(from GFE #3)

(from GFE #3)

$

$

HUD-1Page 3 of 3Previous edition are obsolete

Comparison of Good Faith Estimate (GFE) and HUD-1 Charrges

% $ or

Charges That In Total Cannot Increase More Than 10%

Good Faith Estimate

Good Faith Estimate

Good Faith Estimate

Total

Increase between GFE and HUD-1 Charges

HUD-1

HUD-1

HUD-1

Charges That Cannot Increase HUD-1 Line Number

Government recording charges

Charges That Can Change

Your initial loan amount is

Loan Terms

Note: If you have any questions about the Settlement Charges and Loan Terms listed on this form, please contact your lender.

Daily interest charges

Your initial interest rate is

Initial deposit for your escrow account

Your loan term is years

No

No

No

No

Property taxes Homeowner’s insurance

Flood insurance

No

Yes, it can rise to a maximum of %. The first change will be on

Yes, the first increase can be on and the monthly amount

Yes, it can rise to a maximum of $

Yes, your maximum prepayment penalty is $

Yes, you have a balloon payment of $ due in years on .

You do not have a monthly escrow payment for items, such as property taxes and

You have an additional monthly escrow payment of $

that results in a total initial monthly amount owed of $ . This includes

principal, interest, any mortagage insurance and any items checked below:

homeowner’s insurance. You must pay these items directly yourself.

Principal

Interest

Mortgage Insurance

includes

%

Our origination charge

Your credit or charge (points) for the specific interest rate chosen

Your adjusted origination charges

Transfer taxes

Homeowner’s insurance

Your initial monthly amount owed for principal, interest, and any

mortgage insurance is

Can your interest rate rise?

Even if you make payments on time, can your loan balance rise?

Does your loan have a prepayment penalty?

Does your loan have a balloon payment?

Total monthly amount owed including escrow account payments

Even if you make payments on time, can your monthly

amount owed for principal, interest, and mortgage insurance rise?

$

# 1001

#

# 1201

# 901

#

# 903

#

# 801

#

#

# 802

#

#

# 803

#

#

#

# 1203

$ /day

$

and can change again every after . Every change date, your

interest rate can increase or decrease by %. Over the life of the loan, your interest rate is

guaranteed to never be lower than % or higher than %.

owed can rise to $ . The maximum it can ever rise to is $ .

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3. Text428: HUD GRADING KEY
4. Text429: Bob Buyer 456 Minor Street Newfield, NY 14867
5. Text430: Samantha Seller
6. Text431: Charlie Creditor Commercial Loans Mgr. Newfield Savings Bank
7. Text432: 456 Minor Street Newfield, NY 14867
8. Text433: Ms. Sharice Grading-Key
9. Text435: 02/15/2014
10. Text434: G85 Myron Taylor
11. Text510: 600000
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21. Text445: 02/16/2014
22. Text446: 05/31/2014
23. Text519: 02/16/2014
24. Text520: 05/31/2014
25. Text521: 2563.15
26. Text448: 02/16/2014
27. Text449: 12/31/2014
28. Text522: 02/16/2014
29. Text523: 12/31/2014
30. Text524: 4422.30
31. Text451:
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36. Text454: School Taxes 02/16/2014 to 06/30/2014
37. Text528: School Taxes 02/16/2014 to 06/30/2014
38. Text529: 3655.54
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49. Text462: 619134.40
50. Text536: 610640.99
51. Text464: 15000
52. Text538:
53. Text465: 450000
54. Text539: 73083.94
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59. Text541: 125000
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62. Text542:
63. Text471: Upstate Appraisers $2,600 POC
64. Text472:
65. Text543: Interest 01-01 to 02/15/2014 ($25.68/day)
66. Text544: 1181.51
67. Text474:
68. Text473: Phase 1 Env. GEO Sludge $1,500 POC
69. Text545: Late Fee on Mortgage
70. Text546: 50
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72. Text475: Underwriting fee Newfield Sav. $1,000 POC
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97. Text490: 2321.43
98. Text489: Rents 02/15 to 02/28 from MaxiMart
99. Text561: Rents 02/15 to 02/28 from MaxiMart
100. Text562: 2321.43
101. Text492: 10000
102. Text491: Security Deposit from MaxiMart
103. Text563: Security Deposit from MaxiMart
104. Text564: 10000
105. Text494: 1625.00
106. Text493: Rents 02/15 to 02/28 from Dollar Dealer
107. Text565: Rents 02/15 to 02/28 from Dollar Dealer
108. Text566: 1625.00
109. Text496: 7000
110. Text495: Security Deposit from Dollar Dealer
111. Text567: Security Deposit from Dollar Dealer
112. Text568: 7000
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125. Text503: 485946.43
126. Text575: 220261.88
127. Text505: 619134.40
128. Text577: 610640.99
129. Text506: 485946.43
130. Text578: 220261.88
131. Text509: 133187.97
132. Text581: 390379.11
133. Text583: Billfold Realty America
134. Text582: 33000
135. Text585: Buxx Real Estate
136. Text584: 33000
137. Text587:
138. Text588: 66000
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142. Text601:
143. Text603: Upstate Appraisers $2,600 (POC)
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151. Text615: Cert. of Good Standing $31.50 (typically on GFE and placed under 1201)
152. Text616: 31.5
153. Text618: LLC Resolution $31.50
154. Text619: 31.5
155. Text621: Phase 1 Environmental Audit to GeoSludge $1,500 (POC)
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159. Text627: 02/15/2014
160. Text628: 2/28/2014
161. Text629: 89.38
162. Text631: 1251.37
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166. Text637: 1
167. Text638: to Burns Fire & Casualty $3,500 (POC)
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188. Text677: 500
189. Text679: Lender's settlement fee to The Firm LLC
190. Text680: 500
191. Text682:
192. Text683: Ticor Title Ins. Co. $846
193. Text684: 2670
194. Text686: Ticor Title Ins. Co. $2670
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202. Text704: Cert. of Good Stand $31.50 (Charges here would typically go in 1200 series)
203. Text705:
204. Text706: 31.5
205. Text707: Title Work (Abstracts R Us) $251
206. Text708:
207. Text709: 251
208. Text710: Recording of Corp. Res. $31.50
209. Text711:
210. Text712: 31.5
211. Text714: 84
212. Text716: 34.50
213. Text717: 49.50
214. Text718: 31.50
215. Text720: 31.50
216. Text722: 2250
217. Text724: 3600
218. Text725: 2250
219. Text727: 3600
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222. Text731:
223. Text732: File RP-5217 Transfer Report fee $165; File Survey Map $10 TP-584 RE Transfer Tax Form $5
224. Text733: 175
225. Text734: 5
226. Text735:
227. Text737: Attorney's fees Buyer - Adam Attorney
228. Text738: 1500
229. Text739: 1500
230. Text740:
231. Text741: Attorney's fees Seller - Larry Lawyer
232. Text742: 1700
233. Text743:
234. Text744: 1700
235. Text745: Water & Sewer Adjustment
236. Text746:
237. Text747: 283.44
238. Text748: Survey provided by seller
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240. Text750: 1150
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251. Text763: Transfer Tax TP-584
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332. Radio Button1: CONVUNIN
333. Text437: 600000
334. Text438:
335. Text439: 8493.37
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338. Text447: 2563.15
339. Text450: 4422.30
340. Text453:
341. Text455: 3655.54
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355. Text597:
356. Text592: Newfield Savings Bank $1,000 (POC)
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359. Text751: 8493.37
360. Text752: 73083.94
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