OMB Approval No.

2502-0265

A. Settlement Statement (HUD-1)

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

4. VA 5. Conv. Ins.

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

G. Property Location: H. Settlement Agent: I. Settlement Date:

Place of Settlement:

(Phone number now required)

J. Summary of Borrower’s Transaction K. Summary of Seller’s Transaction

100. Gross Amount Due from Borrower 400. Gross Amount Due to Seller
101. Contract sales price 401. Contract sales price
102. Personal property 402. Personal property
103. Settlement charges to borrower (line 1400) 403.
104. 404.
105. 405.
Adjustment for items paid by seller in advance Adjustments for items paid by seller in advance
106. City/town taxes to 406. City/town taxes to
107. County taxes to 407. County taxes to
108. Assessments to 408. Assessments to
109. 409.
110. 410.
111. 411.
112. 412.

120. Gross Amount Due from Borrower 420. Gross Amount Due to Seller
200. Amounts Paid by or in Behalf of Borrower 500. Reductions In Amount Due to Seller
201. Deposit or earnest money 501. Excess deposit (see instructions)
202. Principal amount of new loan(s) 502. Settlement charges to seller (line 1400)
203. Existing loan(s) taken subject to 503. Existing loan(s) taken subject to
204. 504. Payoff of first mortgage loan
205. 505. Payoff of second mortgage loan
206. POBOB Credit(s) 506.
207. go in this area 507. POBOB Charge(s)
208. 508. go in this area
209. 509.
Adjustments for items unpaid by seller Adjustments for items unpaid by seller
210. City/town taxes to 510. City/town taxes to
211. County taxes to 511. County taxes to
212. Assessments to 512. Assessments to
213. 513.
214. 514.
215. 515.
216. 516.
217. 517.
218. 518.
219. 519.

220. Total Paid by/for Seller 520. Total Reduction Amount Due Seller
300. Cash at Settlement from/to Borrower 600. Cash at Settlement to/from Seller
301. Gross amount due from borrower (line 120) 601. Gross amount due to seller (line 420)
302. Less amounts paid by/for borrower (line 220) ( ) 602. Less reductions in amount due seller (line 520) ( )

303. Cash From To Borrower 603. Cash To From Seller

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
L. Settlement Charges

700. Total Real Estate Broker Fees Paid From Paid From
Division of commission (line 700) as follows: Borrower’s Seller’s
Funds at Funds at
701. $ to Settlement Settlement
702. $ to
703. Commission paid at settlement
OUTSIDE the column INSIDE the column
704.

800. Items Payable in Connection with Loan

801. Our origination charge $ (from GFE #1)
802. Your credit or charge (points) for the specific interest rate chosen $ (from GFE #2)
Zero
Tolerance
803. Your adjusted origination charges (from GFE A)
804. Appraisal fee to (from GFE #3)
10% Tolerance if LSP*/
805. Credit report to (from GFE #3) From Lender List;
806. Tax service to (from GFE #3) unlimited if NON-LSP
807. Flood certification (from GFE #3)
Borrower Choice

808.

900. Items Required by Lender to Be Paid in Advance

901. Daily interest charges from to @$ /day (from GFE #10) Unlimited
902. Mortgage insurance premium for months to (from GFE #3) 10%
903. Homeowner’s insurance for years to (from GFE #11)
904.

1000. Reserves Deposited with Lender

1001. Initial deposit for your escrow account (from GFE #9)
1002. Homeowner’s insurance months @ $ per month $ Unlimited
1003. Mortgage insurance months @ $ per month $ Tolerance
1004. Property taxes months @ $ per month $
1005. months @ $ per month $
1006. months @ $ per month $
1007. Aggregate Adjustment –$

1100. Title Charges

1101. Title services and lender’s title insurance (from GFE #4)
1102. Settlement or closing fee $ 10%
Tolerance if
1103. Owner’s title insurance (from GFE #5)
LSP*/ From
1104. Lender’s title insurance $ Lender List;
1105. Lender’s title policy limit $ unlimited if
NON-LSP
1106. Owner’s title policy limit $
Borrower
1107. Agent’s portion of the total title insurance premium $ Choice
1108. Underwriter’s portion of the total title insurance premium $

1200. Government Recording and Transfer Charges

1201. Government recording charges (from GFE #7) 10%
1202. Deed $ Mortgage $ Releases $ Tolerance
1203. Transfer taxes (from GFE #8) Zero
1204. City/County tax/stamps Deed $ Mortgage $ Tolerance
1205. State tax/stamps Deed $ Mortgage $
1206.

1300. Additional Settlement Charges

1301. Required services that you can shop for (from GFE #6) 10% Tolerance
1302. $ if LSP*/ From
Lender List;
1303. $
unlimited if
1304. NON-LSP
1305. Borrower Choice

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

*LSP = Lender Selected Provider

Survey Guidance (HUD FAQ - HUD-1 - General - Q9) - If Survey is shown in GFE:
Block 3 - Show Inside the column in 800 Series.
Block 4 or 5 - Show Outside the Column in 1100 series/include in line 1101 total.
NOTE: If the need for a survey is not known at the time the original GFE is issued, it may be necessary to contact the lender and
advise that a “changed circumstance” has occurred that requires the survey cost to be added to either Block 4 or Block 5.
Comparison of Good Faith Estimate (GFE) and HUD-1 Charges Good Faith Estimate HUD-1
Charges That Cannot Increase HUD-1 Line Number GFE LOCATION:
Our origination charge # 801 Block 1
Your credit or charge (points) for the specific interest rate chosen # 802 Block 2
Your adjusted origination charges # 803 Line A
Transfer taxes #1203 Block 8

Charges That in Total Cannot Increase More Than 10% Good Faith Estimate HUD-1
Government recording charges # 1201 Block 7
#1
11301
201
#1201 Block 6
#1
1804-808
201 LSP*/From Lender’s List
#1201 Block 3
#1
1902
201
#1201 Block 3
#1
11103
201LSP*/From Lender’s List
#1201 Block 5
#1
11101
201LSP*/From Lender’s List
#1201 Block 4
#1201
#____

Total
Increase between GFE and HUD-1 Charges $123456 or %

Charges That Can Change Good Faith Estimate HUD-1

Initial deposit for your escrow account #1001 Block 9
Daily interest charges # 901 $ 2 /day Block 10
Homeowner’s insurance # 903 Block 11
121301
01 NON-LSP*/Borrower Choice
#1201 Block 6
#121101
01 NON-LSP*/Borrower Choice
1201 Block 4
#121103
01 NON-LSP*/Borrower Choice
1201 Block 5

*LSP = Lender Selected Provider

Loan Terms
Your initial loan amount is $

Your loan term is years

Your initial interest rate is %

Your initial monthly amount owed for principal, interest, and $ includes
and any mortgage insurance is Principal
Interest
Mortgage Insurance

Can your interest rate rise? No. Yes, it can rise to a maximum of XXX%. The first change will be
on [DATEDATE] and can change again every [DATEDATE] after
[DATEDATE] . Every change date, your interest rate can increase or decrease
by XXX%. Over the life of the loan, your interest rate is guaranteed to never be
lower than XXX% or higher than XXX%.

Even if you make payments on time, can your loan balance rise? No. Yes, it can rise to a maximum of $[AMOUNT].

Even if you make payments on time, can your monthly No. Yes, the first increase can be on and the monthly amount
amount owed for principal, interest, and mortgage insurance rise? owed can rise to $[DATEDATE].
The maximum it can ever rise to is $[DATEDATE].

Does your loan have a prepayment penalty? No. Yes, your maximum prepayment penalty is $[AMOUNT .

Does your loan have a balloon payment? No. Yes, you have a balloon payment of $[AMOUNT] due in
XXX years on [DATEDATE].

Total monthly amount owed including escrow account payments You do not have a monthly escrow payment for items, such as property
taxes and homeowner’s insurance. You must pay these items directly yourself.

You have an additional monthly escrow payment of $[AMOUNT]

that results in a total initial monthly amount owed of $[AMOUNT]. This includes
principal, interest, any mortgage insurance and any items checked below:
Property taxes Homeowner’s insurance