Shopping For Your Home Loan: Hud'S Settlement Cost Booklet - U.s. Department Of Housing And Urban Development (Hud) Page 28
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48Comparison Chart
There are three categories in the Comparison Chart: charges that could not
increase at settlement, charges that in total could not increase more than 10% and
charges that could change. Compare the charges listed in the GFE column with the
charges in the HUD-1 column. If the charges that cannot increase have increased or
the total of the charges that cannot increase more than 10% have exceeded the 10%
increase limit, the lender must reimburse you at settlement or within thirty (30) days
after settlement.
In the example above, the “Charges That In Total Cannot Increase More Than
10%” were only increased by $70 or 4% and did not exceed the 10% tolerance. For
the category “Charges That Can Change” in this example the borrower selected a pest
inspection and survey provider that were not on the written list.
28
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