The HUD-1 Settlement Statement Sample

Live instructional links for items on this HUD-1 sample .pdf

As a real estate agent or broker, it's imperative that you understand the HUD-1 Settlement Statement thoroughly. It's not so that you can do the math for the client, but at least you need to be able to explain how it was done, or where these numbers come from.

The easiest and most visual way to use this tutorial will be to download this sample .pdf HUD-1. It has live links to the tutorial items shown below. The learning process should be easier that way. However, if you can't get the .pdf or would rather, here are the links to the tutorials:

Page 1 of the HUD-1

Section B

Sections C through I

100. Gross Amount Due from Borrower

200. Amounts Paid by or In Behalf of Borrower

300. Cash at Settlement From/To Borrower

400. Gross Amount Due to Seller

500. Reduction in Amount Due to Seller

600. Cash at Settlement To/From Seller

Page 2 of the HUD-1

700. Total Sales/Broker Commissions

801. The Loan Origination Fee

802. Loan Discount Fee

803. Appraisal Fee

804---The rest of the loan fees

901. Mortgage Interest Calculation

902---The rest of the 900 section

1000. Reserves Deposited with Lender

The Aggregate Acct. Adj Line

1100. Title Charges

1200. Government Recording and Transfer Charges

1300 & 1400. Additional and Total Settlement Charges