Block 7 contains charges by governmental entities to record the deed and
documents related to the loan.
Block 8 contains charges by state and local governments for taxes related to
the mortgage and transferring title to the property.
Block 9 contains the initial amount you will pay at settlement to start the
escrow account, if required by the lender.
Block 10 contains the charge for the daily interest on the loan from the day of
settlement to the first day of the following month.
Block 11 contains the annual charge for any insurance the lender requires to
protect the property such as homeowner’s insurance and flood insurance.
Total Estimated Settlement Charges
“Your charges for All Other Settlement Services”, Blocks 3 through 11, are
totaled in Block B. Blocks A and B are added together resulting in the total estimated
settlement charges associated with getting the loan. These Blocks are carried forward
to the bottom of page 1 of the GFE.
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