Settlement Statement
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5OMB 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. X Conv. Unins. RICKMCPHERSONEXAMPLE
987654321
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 and Address of Borrower:
E. Name and Address of Seller:
F. Name and Address of Lender:
Mr. Buyer
Mr. Seller
ABC Mortgage Company
Mrs. Buyer
Mrs. Seller
123 Anywhere Road
987 Main Street
Mason, OH 45150
Cincinnati, Ohio 45201
G. Property Location:
H. Settlement Agent:
I. Settlement Date:
1212 Your New Home
Title Company
Cincinnati, OH 45244
May 17, 2013
Hamilton County, Ohio
Ph.
Place of Settlement:
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
250,000.00
401. Contract sales price
250,000.00
102. Personal property
402. Personal property
103. Settlement Charges to Borrower (Line 1400)
5,589.07
403.
104.
404.
105.
405.
Adjustments 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. Prorated Annual HOA Fees 05/18/13 to 01/01/14
140.55
410. Prorated Annual HOA Fees 05/18/13 to 01/01/14
140.55
111.
411.
112.
412.
255,729.62
250,140.55
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 Seller:
201. Deposit or earnest money
2,500.00
501. Excess deposit (see instructions)
202. Principal amount of new loan(s)
200,000.00
502. Settlement charges to Seller (Line 1400)
10,618.00
203. Existing loan(s) taken subject to
503. Existing loan(s) taken subject to
204.
504. Payoff First Mortgage to Prior Mortgage Company
198,891.88
205.
505. Payoff Second Mortgage
206.
506. Dep. retained ($2,500.00)
2,500.00
207.
507.
208. Seller Paid Closing Costs
2,000.00
508. Seller Paid Closing Costs
2,000.00
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
01/01/13
to 05/17/13
1,689.04
511. County Taxes
01/01/13 to 05/17/13
1,689.04
212. Assessments
to
512. Assessments
to
213.
513.
214.
514.
215.
515.
216.
516.
217.
517. Home Warranty to HOW Company
419.00
50.00
218.
518. HOA Status Letter to HOA Property Management
219.
519.
220. Total Paid by/for Borrower
206,189.04
520. Total Reduction Amount Due Seller
216,167.92
300. Cash at Settlement from/to Borrower
600. Cash at settlement to/from Seller
301. Gross amount due from Borrower (line 120)
255,729.62
601. Gross amount due to Seller (line 420)
250,140.55
(
)
(
)
302. Less amount paid by/for Borrower (line 220)
206,189.04
602. Less reductions due Seller (line 520)
216,167.92
X
303. Cash
From
To Borrower
49,540.58
603. Cash
X
To
From Seller
33,972.63
The undersigned hereby acknowledge receipt of a completed copy of this statement & any attachments referred to herein
Borrower
Seller
_________________________________
_________________________________
Mr. Buyer
Mr. Seller
_________________________________
_________________________________
Mrs. Buyer
Mrs. Seller
TO THE BEST OF MY KNOWLEDGE, THE HUD-1 SETTLEMENT STATEMENT WHICH I HAVE PREPARED IS A TRUE AND ACCURATE ACCOUNT OF THE FUNDS
WHICH WERE RECEIVED AND HAVE BEEN OR WILL BE DISBURSED BY THE UNDERSIGNED AS PART OF THE SETTLEMENT OF THIS TRANSACTION.
Title Company, Settlement Agent
WARNING: IT IS A CRIME TO KNOWINGLY MAKE FALSE STATEMENTS TO THE UNITED STATES ON THIS OR ANY SIMILAR FORM. PENALTIES UPON
CONVICTION CAN INCLUDE A FINE AND IMPRISONMENT . FOR DETAILS SEE: TITLE 18 U.S. CODE SECTION 1001 & SECTION 1010.
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.
Page 1 of 3
HUD-1
(RICKMCPHERSONEXAMPLE.PFD/RICKMCPHERSONEXAMPLE/26)
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