The HUD-1 Explained
Section 1100 – Title charges includes title examination, title search, document preparation, title insurance fees, and closing agent and notary fees.
Line 1101: Settlement agent fees.
Line 1102 and 1103: Abstract or title search and exam fees.
Line 1104: Title insurance binder charges (also called c0mmitment to insure).
Line 1105: Deed preparation fees.
Line 1106: Notary public’s fee.
Line 1107: Attorney’s fees.
Line 1108: Total title insurance charge less the cost of the binder.
Lines 1109 and 1110: Informational lines that disclose the costs for the separate title insurance policies for borrower and lender.
Lines 1111-1113: Any other title related charges.
Section 1200 – Government recording and transfer charges.
Sections 1300 and 1400 – Additional settlement charges and totals.
Section 1300 – Survey and inspection fees
Line 1400: Total settlement charges paid from borrower’s and seller’s funds.
To be continued…