Form HUD 1 HUD 1 Uniform Settlement Statement

OMB Approval No. 2502-0265

A.

Settlement Statement (HUD-1)

B. Type of Loan
6. File Number:
1.

FHA

2.

RHS

4.

VA

5.

Conv. Ins.

3.

7. Loan Number:

8. Mortgage Insurance Case Number:

Conv. Unins.

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:

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
to
106. City/town taxes

Adjustments for items paid by seller in advance
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
201. Deposit or earnest money

500. Reductions In Amount Due to Seller
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.

506.

207.

507.

208.

508.

209.

509.

Adjustments for items unpaid by seller
210. City/town taxes
to

Adjustments for items unpaid by seller
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 Borrower

520. Total Reduction Amount Due Seller

300. Cash at Settlement from/to Borrower
301. Gross amount due from borrower (line 120)

600. Cash at Settlement to/from Seller
601. Gross amount due to seller (line 420)

302. Less amounts paid by/for borrower (line 220)
303. Cash

From

To Borrower

(

)

602. Less reductions in amount due seller (line 520)
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
a RESPA covered transaction with information during the settlement process.

Previous editions are obsolete

Page 1 of 3

HUD-1

L. Settlement Charges
700. Total Real Estate Broker Fees

Paid From
Borrower’s
Funds at
Settlement

Division of commission (line 700) as follows:
701. $

to

702. $

to

Paid From
Seller’s
Funds at
Settlement

703. Commission paid at settlement
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)

803. Your adjusted origination charges

(from GFE A)

804. Appraisal fee to

(from GFE #3)

805. Credit report to

(from GFE #3)

806. Tax service to

(from GFE #3)

807. Flood certification

(from GFE #3)

808.
900. Items Required by Lender to Be Paid in Advance

901. Daily interest charges from

to

@$

/day

902. Mortgage insurance premium

for

months to

(from GFE #3)

903. Homeowner’s insurance

for

years to

(from GFE #11)

(from GFE #10)

904.
1000. Reserves Deposited with Lender

1001. Initial deposit for your escrow account
1002. Homeowner’s insurance

months @ $

(from GFE #9)

per month

$

1003. Mortgage insurance

months @ $

per month

$

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

$

1103. Owner’s title insurance

(from GFE #5)

1104. Lender’s title insurance

$

1105. Lender’s title policy limit $
1106. Owner’s title policy limit $
1107. Agent’s portion of the total title insurance premium

$

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

$

1200. Government Recording and Transfer Charges

1201. Government recording charges
1202. Deed $

Mortgage $

(from GFE #7)

Releases $

1203. Transfer taxes

(from GFE #8)

1204. City/County tax/stamps

Deed $

Mortgage $

1205. State tax/stamps

Deed $

Mortgage $

1206.
1300. Additional Settlement Charges

1301. Required services that you can shop for

(from GFE #6)

1302.

$

1303.

$

1304.
1305.
1400. Total Settlement Charges (enter on lines 103, Section J and 502, Section K)

Previous editions are obsolete

Page 2 of 3

HUD-1

Comparison of Good Faith Estimate (GFE) and HUD-1 Charges
Charges That Cannot Increase

Good Faith Estimate

HUD-1

HUD-1 Line Number

Our origination charge

# 801

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

# 802

Your adjusted origination charges

# 803

Transfer taxes

#1203

Charges That in Total Cannot Increase More Than 10%
Government recording charges

Good Faith Estimate

HUD-1

# 1201
#1201
#1201
#1201
#1201
#1201
#1201
#____
Total
Increase between GFE and HUD-1 Charges

$123456

Charges That Can Change

or

%

Good Faith Estimate

Initial deposit for your escrow account

#1001

Daily interest charges

# 901

Homeowner’s insurance

# 903

HUD-1

2 /day

$

#1201
#1201
#1201

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
and any mortgage insurance is

$

includes
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

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

and the monthly amount

owed can rise to $[DATEDATE].
The maximum it can ever rise to is $[DATEDATE].

Does your loan have a prepayment penalty?
Does your loan have a balloon payment?

No.

Yes, your maximum prepayment penalty is $[AMOUNT .

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

Flood insurance

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

Page 3 of 3

HUD-1