What is the total dollar amount that the seller is "walking away with" at the close of the deal? Where in the document do you find the answer to this question? (What line?) Are the borrowers paying any discount points on their loan? What line of the document provides the answer to this question? What other loan fees are the borrowers paying? (Be sure to list them all.) Who is paying for title insurance in this deal? Where did you find this information? Does the seller have an existing loan that is getting paid off? If yes, what is the balance of the loan? What is the total amount that the buyer is borrowing? How much is the primary mortgage/trust deed? Is there a second loan? If so, how much is the second mortgage/trust deed? Where did you find this information? Preview of Sample Settlement Statement Download Preview of Sample Settlement Statement

Instructions Read over the sample Settlement Statement Download sample Settlement Statement and answer the questions below.

What is the total dollar amount that the seller is "walking away with" at the close of the deal? Where in the document do you find the answer to this question? (What line?) Are the borrowers paying any discount points on their loan? What line of the document provides the answer to this question? What other loan fees are the borrowers paying? (Be sure to list them all.) Who is paying for title insurance in this deal? Where did you find this information? Does the seller have an existing loan that is getting paid off? If yes, what is the balance of the loan? What is the total amount that the buyer is borrowing? How much is the primary mortgage/trust deed? Is there a second loan? If so, how much is the second mortgage/trust deed? Where did you find this information? Preview of Sample Settlement Statement Download Preview of Sample Settlement Statement