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We Specialize in Reverse Mortgages

HUD-1 Page 2

The fees and charges listed below are examples only and will vary on a case by case basis.  The figures herein do not constitute a quotation of fees for services rendered or to be rendered by Professionals Title & Escrow Co. or any other entity.

L. SETTLEMENT CHARGES
700. TOTAL SALES/BROKER’S COMMISSION based on price $195,000.00 @6.00 % =11,700.00	PAID FROM BORROWER’S FUNDS AT SETTLEMENT	PAID FROM SELLER’S FUNDS AT SETTLEMENT
Division of Commission (line 700) as follows:
701. $  5,850.00 to:  Selling Company
702. $  5,850.00 to:  Listing Company
703. Commission paid at Settlement		11,700.00
704.
800. ITEMS PAYABLE IN CONNECTION WITH LOAN
801. Loan Origination Fee 1.000% to  Lender	1,560.00
802. Loan Discount 2.000% to  Lender		3,120.00
803. Appraisal Fee to  Appraiser ($300.00)	(P.O.C)
804. Credit Report to  Lender ($21.50)	(P.O.C)
805. Lender’s Inspection Fee
806. Mortgage Insurance Application Fee to
807. Assumption Fee
808. Document Prep to: Lender	375.00
809. Tax Service to: Lender	79.00
810. Flood Cert. to: Lender	18.50
811. Underwriting to: Lender	250.00
900. ITEMS REQUIRED BY LENDER TO BE PAID IN ADVANCE
901. Interest from   11/14/99 to 12/1/99  @$34.19      /day	581.34
902. Mortgage Insurance Premium for months to
903. Hazard Insurance Premium for  1 years to	410.00
904.                years to
905.
1000. RESERVES DEPOSITED WITH LENDER
1001. Hazard Insurance 2 months @$ 34.17 per month	68.34
1002. Mortgage insurance months @$ per month
1003. City property taxes months @ per month
1004. County property taxes 8 months @$218.58 per month	1,748.64
1005. Annual assessments months @$ per month
1006. months @$ per month
1007. months @$ per month
1008. Aggregate Adjustment months months @$ per month
1100. TITLE CHARGES
1101. Settlement or closing fee to: Title Professionals of Florida	225.00	75.00
1102. Abstract or title search to: Search Company		100.00
1103. Title examination to		50.00
1104. Title insurance binder to: Title Insurance Co./TPF	55.00
1105. Document preparation to
1106. Notary fees to:
1107. Attorney’s fees to
(includes above items numbers: )
1108. Title Insurance to: Title Insurance Company Click here to calculate your title insurance premium	25.00	1050.00
(includes above items numbers: )
1109. Lender’s coverage $156,000.00  @ 25.00
1110. Owner’s coverage $195,000.00  @ 1050.00
1111.  Endorsements FL 9, 8.1, 5.1	157.50
1112.
1113.
1200. GOVERNMENT RECORDING AND TRANSFER CHARGES Click Here to calculate your transfer and recordation taxes
1201. Recording fees: Deed $10.50; Mortgage $42.00; Releases $ 21.00	52.50	21.00
1202. City/county tax/stamps: Deed $  Mortgage $ 312.00	312.00
1203. State tax/stamps: Deed $ 1365.00; Mortgage $ 546.00	546.00	1365.00
1204.
1205.
1300. ADDITIONAL SETTLEMENT CHARGES
1301. Survey to Survey Company	175.00
1302. Pest inspection to Exterminator/Inspection Co.	50.00
1303. Messenger/overnight delivery/L.D./fax	47.50	15.50
1304. HOA Dues Nov & Dec to Peaceful HOA	108.00
1305.
1400. TOTAL SETTLEMENT CHARGES (enter on lines 103, Section J and 502, Section K)	6,789.32	17,496.50

 

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