I need to fill out a HUD 1 Settlement statement and I am having trouble

OMB Approval No. 2502-0265 A. Settlement Statement (HUD-1) B. Type of Loan 1. FHA 2. RHS 4. VA 5. 8. Mortgage Insurance Case Number: Conv. Ins. C. Note: 3. Conv. Unins. 6. File Number: 7. Loan Number: 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 Adjustment 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. 410. 111. 411. 112. 412. 120. Gross Amount Due from Borrower 420. Gross Amount Due to Seller 200. Amount Paid by or in Behalf of Borrower 500. Reductions In Amount Due to seller 201. Deposit or earnest money 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 Adjustments for items unpaid by seller 210. City/town taxes to 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 600. Cash at Settlement to/from Seller 301. Gross amount due from borrower (line 120) 601. Gross amount due to seller (line 420) 302. Less amounts paid by/for borrower (line 220) 303. Cash From ( ) 602. Less reductions in amounts due seller (line 520) 603. Cash To Borrower 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 edition 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. $ Paid From Seller's Funds at Settlement to 703. Commission paid at settlement 704. 800. Items Payable in Connection with Loan 801. Our origination charge 802. Your credit or charge (points) for the specific interest rate chosen $ (from GFE #1) $ (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 to (from GFE #3) 808. 809. 810. 811. 900. Items Required by Lender to be Paid in Advance 901. Daily interest charges from to 902. Mortgage insurance premium\tfor @ $ /day (from GFE #10) (from GFE #3) months to 903. Homeowner's insurance for years to (from GFE #11) 904. 1000. Reserves Deposited with Lender 1001. Initial deposit for your escrow account (from GFE #9) 1002. Homeowner's insurance months @ $ 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 (from GFE #4) 1101. Title services and lender's title insurance $ 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 to $ 1108. Underwriter's portion of the total title insurance premium to $ 1109. 1110. 1111. 1200. Government Recording and Transfer Charges (from GFE #7) 1201. Government recording charges 1202. Deed $ Mortgage $ Release $ (from GFE #8) 1203. Transfer taxes 1204. City/County tax/stamps Deed $ Mortgage $ 1205. State tax/stamps Deed $ Mortgage $ 1206. 1300. Additional Settlement Charges (from GFE #6) 1301. Required services that you can shop for 1302. $ 1303. $ 1304. 1305. 1400. Total Settlement Charges (enter on lines 103, Section J and 502, Section K) Previous edition are obsolete Page 2 of 3 HUD-1 Good Faith Estimate # 801 Your credit or charge (points) for the specific interest rate chosen # 802 Your adjusted origination charges # 803 Transfer taxes HUD-1 HUD-1 Line Number Our origination charge HUD-1 Good Faith Estimate Comparison of Good Faith Estimate (GFE) and HUD-1 Charrges Charges That Cannot Increase # 1203 Charges That In Total Cannot Increase More Than 10% Government recording charges # 1201 # # # # # # # Total Increase between GFE and HUD-1 Charges Charges That Can Change % Good Faith Estimate Initial deposit for your escrow account Daily interest charges or $ $ HUD-1 # 1001 /day Homeowner's insurance # 901 # 903 # # # 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 any includes $ mortgage insurance is Principal Interest Mortgage Insurance Can your interest rate rise? No Yes, it can rise to a maximum of and can change again every after interest rate can increase or decrease by guaranteed to never be lower than Yes, the first increase can be on and the monthly amount . The maximum it can ever rise to is $ No on Yes, you have a balloon payment of $ . . Yes, your maximum prepayment penalty is $ No Does your loan have a balloon payment? %. Yes, it can rise to a maximum of $ owed can rise to $ Does your loan have a prepayment penalty? Total monthly amount owed including escrow account payments % or higher than No Even if you make payments on time, can your monthly . Every change date, your %. Over the life of the loan, your interest rate is No Even if you make payments on time, can your loan balance rise? amount owed for principal, interest, and mortgage insurance rise? %. The first change will be on due in years 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 $ that results in a total initial monthly amount owed of $ . This includes principal, interest, any mortagage 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 edition are obsolete Page 3 of 3 HUD-1 Property located in Virginia Closing Date: October 15 First payment due: December 1 Sales Price: $180,000 Earnest money deposit: $5,000 Down payment: $18,000 Existing loan to be paid off: $90,000 @ 12 interest New loan amount: $162,000 @ 8.5 interest, 30 years Total of three points, split by buyer and seller Escrow (impound) of two months Annual property taxes: $2,400, paid through December 31 Hazard insurance: $330 for oneyear policy Real estate broker commission: 7 percent Owner's title policy: $180 Lenders title policy: $630 Survey $75 Recording fees charged to buyer: $50 Lender fees charged to buyer: $250 Transfer tax: $180 paid by seller Termite inspection: $65 Roof inspection & repair: $2,100 Homeowner warranty provided by seller: $375