A.

SETTLEMENT STATEMENT (HUD-1)

OMB Approval No. 2502-0265
B. Type of Loan
1.
FHA
RHS 2. 3. Conv. Unins.
X
7. Loan Number: 6. File Number:
Conv. Ins. 5. VA 4.
8. Mortgage Insurance Case Number:
60276136 AUT14007253-JW
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.
C. Note:
( AUT14007253/ 31)
SWBC Mortgage Corporation
10415 Morado Circle Bldg 1 #100
Austin, TX 78759
D. Name and Address of Borrower: E. Name and Address of Seller: F. Name and Address of Lender:
Seyyed Hosseini
1724 Maize Bend Drive
Austin, TX 78727
Na Nanju
1724 Maize Bend Drive
Austin, TX 78727
G. Property Location:
1724 Maize Bend Drive
Austin, TX 78727
Travis County, Texas
Lot(s): 9 Block: BB Scofield Farms Section:
3 Phase: 10 Parcel ID(s): 505691 Tax/Map
I. H. Settlement Agent: Settlement Date:
Austin Title Company
(512)346-4020
August 28, 2014
3708 Spicewood Springs , Suite 100 Austin, TX 78759
Disbursement Date:
August 28, 2014
Place of Settlement: (512)346-4020
Austin Title Company
3708 Spicewood Springs
Suite 100
Austin, TX 78759
J. Summary of Borrower's Transaction
100. Gross Amount Due from Borrower
101. 276,500.00 Contract sales price
102. Personal property
103. 10,362.42 Settlement charges to borrower (line 1400)
104.
105.
Adjustments for items paid by seller in advance
106. City/Town taxes
107. County taxes
108. Assessments
109. 4.21 08/28/14-08/31/14 HOA Prorations / Credit Seller
110. 130.60 Seller HOA credit transfer to Buyer
111.
112.
286,997.23 120. Gross amount due from Borrower
200. Amounts Paid by or in Behalf of Borrower
201. 2,700.00 Deposit or earnest money
202. 221,200.00 Principal amount of new loan(s)
203. Existing loan(s) taken subject to
204. 1,304.00 Lender credit
205.
206. 75.00 Lender Credit for Appraisal
207. 150.00 Option Fee
208. 2,000.00 Seller Paid Buyer Closing Costs
209. 1,854.80 Seller Credit for OTP and GARC
Adjustments for items unpaid by seller
210. City/Town taxes
County taxes to 01/01/14 08/28/14 211. 3,997.20
212. Assessments
213.
214.
215.
216.
217.
218.
219.
233,281.00 220. Total paid by/for Borrower
300. Cash at Settlement from/to Borrower
286,997.23 301. Gross amount due from Borrower (Line 120)
233,281.00) ( 302. Less amount paid by/for Borrower (Line 220)
53,716.23 303. CASH FROM BORROWER
K. Summary of Seller's Transaction
400. Gross Amount Due to Seller
401. 276,500.00 Contract sales price
402. Personal property
403.
404.
405.
Adjustments for items paid by seller in advance
406. City/Town taxes
407. County taxes
408. Assessments
409. 08/28/14-08/31/14 4.21 HOA Prorations / Credit Seller
410. 130.60 Seller HOA credit transfer to Buyer
411.
412.
420. Gross amount due to Seller 276,634.81
500. Reductions in Amount Due to Seller
501. Excess deposit (see instructions)
502. 17,749.81 Settlement charges to seller (line 1400)
503. Existing loan(s) taken subject to
504. 170,680.61 Payoff of first mortgage loan to Colonial Savings, F.A.
505. Payoff of second mortgage loan
506.
507. 150.00 Option Fee
508. 2,000.00 Seller Paid Buyer Closing Costs
509. 1,854.80 Seller Credit for OTP and GARC
Adjustments for items unpaid by seller
510. City/Town taxes
County taxes to 511. 3,997.20 08/28/14 01/01/14
512. Assessments
513.
514.
515.
516.
517.
518.
519.
520. Total reduction amount due Seller 196,432.42
600. Cash at Settlement from/to Seller
601. 276,634.81 Gross amount due to Seller (Line 420)
) ( 602. 196,432.42 Less reductions due Seller (Line 520)
603. CASH TO SELLER 80,202.39
Printed on 8/27/2014 at 9:47:56AM AUT14007253/31 Jody Wiltsey Previous editions are obsolete
HUD-1, Page 1
L. Settlement Charges
Paid From
Seller's
Funds at
Settlement
Paid From
Borrower's
Funds at
Settlement
700. Total Real Estate Broker Fees $16,590.00
Division of commission (line 700) as follows:
to 701. Re/Max Capital City III $ 8,295.00
to 702. My Austin Realty $ 8,295.00
16,590.00 703. Commission paid at settlement
704.
Items Payable in Connection with Loan 800.
(from GFE #1) $ 1,240.00 801. Our origination charge
(from GFE #2) 802. Your credit or charge (points) for the specific interest rate chosen
(from GFE #A) 803. 1,240.00 Your adjusted origination charges to .
P.O.C.$375.00(B)* Appraisal fee to SWBC (from GFE #3) 804.
Credit report to SWBC (from GFE #3) 805. 24.50
Tax service (from GFE #3) 806.
Flood certification to SWBC (from GFE #3) 807. 10.50
Inc in 801 Doc Prep $190.00 to Polunsky & Beitel Green LLP 808.
809.
810.
811.
Items Required by Lender to be Paid in Advance 900.
901. 96.96 Interest from 08/28/14 to 09/01/14 to SWBC Mortgage Corporation@ $24.24110/d (from GFE#10)
902. Mortgage insurance premium for (from GFE #3) month to
903. Homeowner's insurance for 1,079.62 year to 1.0 (from GFE #11) IDS Property Casualty Insurance Company
904. for year to
905.
Reserves Deposited with Lender 1000.
Initial deposit for your escrow account to SWBC Mortgage Corporation (from GFE #9) 1001. 4,977.49
per @ $ Homeowner's insurance 1002. 3.000 89.97 month months $ 269.91
per @ $ Mortgage insurance 1003. month months
per @ $ Property taxes 1004. 11.000 460.68 month months $5,067.48
per @ $ 1005. month months
per @ $ 1006. month months
per @ $ 1007. month months
1008. ($ 359.90) Aggregate Adjustment
Title Charges 1100.
See Additional 1101 Items (from GFE #4) 1101. 562.10 Title services and lender's title insurance to Austin Title Company
Escrow Fee Settlement or closing fee to Austin Title Company $ 275.00 275.00 1102.
Owner's title insurance (from GFE #5) 1103. 1,947.45
Lender's title insurance to Austin Title Company $ 254.10 1104.
1105. $221,200.00 Lender's title policy limit
1106. $276,500.00 Owner's title policy limit
1107. $ 1,868.25 Agent's portion of the total title insurance premium to Austin Title Company
1108. $ 329.70
Underwriter's portion of the total title insurance premium to Fidelity National Title Insurance Company
e-File to Austin Title Company $ 8.00 1109.
Fed Ex/Courier Fee to Austin Title Company $ 25.00 20.00 1110.
Warranty Deed to Polunsky & Beitel Green LLP 75.00 1111.
Tax Cert to Texas Tax Company 42.31 1112.
Release Prep to Polunsky & Beitel Green LLP 75.00 1113.
Mobile Signing Fee to Executive Notary Services LLC 150.00 1114.
1115.
1116.
Government Recording and Transfer Charges 1200.
1201. 136.00 (from GFE #7) Government recording charges to Austin Title Company
Deed $ ; Mortgage $ ; Releases $ 34.00 102.00 1202.
Transfer taxes 1203. (from GFE #8)
1204. City/County tax/stamps Mortgage $ Deed $ ;
1205. State tax/stamps Mortgage $ Deed $ ;
Additional Settlement Charges 1300.
1301. (from GFE #6) Required services that you can shop for
1302. Survey
1303. 450.00 Home Buyer's Protection Plan to NEED HOME WARRANTY COMPANY NAME
1304. HOA ReSale Cert to Alliance Association Management P.O.C.$210.00(S)*
1305. 72.50 72.50 HOA Transfer Fee to Alliance Association Management
1306. 150.00 HOA Buyer Entry Fee to Scofield Phase VIII ROA, Inc
1307. 65.30 Buyers Advance HOA dues to Scofield Phase VIII ROA, Inc Sept & Oct 2014
17,749.81 10,362.42 Total Settlement Charges (enter on lines 103, Section J and 502, Section K) 1400.
*Paid outside of closing by borrower (B), seller (S)
Printed on 8/27/2014 at 9:47:56AM AUT14007253/31 Previous editions are obsolete
HUD-1, Page 2
Comparison of Good Faith Estimate (GFE) and HUD-1 Charges
HUD-1 Line Number Good Faith Estimate Charges That Cannot Increase HUD-1
Our origination charge 801 1,240.00 # 1,240.00
Your credit or charge (points) for the specific interest rate chosen 802 0.00 # 0.00
Your adjusted origination charges 803 1,240.00 # 1,240.00
Transfer taxes 1203 0.00 # 0.00
Good Faith Estimate Charges That In Total Cannot Increase More Than 10% HUD-1
Government recording charges 1201 130.00 # 136.00
Appraisal fee 804 450.00 # 375.00
Credit report 805 32.00 # 24.50
Tax service 806 0.00 # 0.00
Flood certification 807 10.50 # 10.50
622.50 546.00 Total
Increase between GFE and HUD-1 Charges % $ or -12.29 -76.50
Good Faith Estimate Charges That Can Change HUD-1
Initial deposit for your escrow account 1001 4,977.49 # 4,977.49
Daily interest charges 901 96.96 # 96.96 $24.24110/day
Homeowner's insurance 903 1,079.62 # 1,079.62
Title services and lender's title insurance 1101 795.00 # 562.10
Owner's title insurance 1103 1,350.00 # 1,947.45
Loan Terms
Your initial loan amount is $ 221,200.00
Your loan term is 20 years
Your interest rate is 4.00000%
Your initial monthly amount owed for principal, interest and
any mortgage insurance is
$ includes
Principal
Interest
Mortgage Insurance
1,340.43
x
x
No Yes, it can rise to a maximum of %. The first
change will be and can change again every after .
Every change date, your interest rate can increase or decrease by %.
Over the life of the loan, your interest rate is guaranteed to never be
lower than % or higher than %
x Can your interest rate rise?
. x No Yes, it can rise to a maximum of $ Even if you make payments on time, can your loan balance rise?
Even if you make payments on time, can your monthly
amount owed for principal, interest, and mortgage insurance rise?
No Yes, the first increase can be and the monthly
amount owed can rise to $ . The maximum it can ever rise to
is $ .
x
Does your loan have a prepayment penalty? No Yes, your maximum prepayment penalty is $ x .
Does your loan have a balloon payment? No Yes, you have a balloon payment of $
due in years on
x
.
x
You have an additional monthly escrow payment of $550.65 that
results in a total initial monthly amount owed of $1,891.08.
items directly yourself.
property taxes and homeowners insurance. You must pay these
You do not have a monthly escrow payment for items, such as Total monthly amount owed including escrow account payments
items checked below:
This includes principal, interest, any mortgage insurance and any
x Homeowner's insurance
x Property taxes
Note: If you have any questions about the Settlement Charges and Loan Terms listed on this form, please contact your lender.
Printed on 8/27/2014 at 9:47:56AM AUT14007253/31 Previous editions are obsolete
HUD-1, Page 3
Austin Title Company
3708 Spicewood Springs , Suite 100, Austin, TX 78759
Phone: (512)346-4020 | FAX: (512)346-4993
HUD-1, ATTACHMENT
Settlement Date: August 28, 2014 Escrow no.: AUT-13-673-AUT14007253
Disbursement Date: August 28, 2014 Escrow Officer: Jody Wiltsey
Settlement Agent: Austin Title Company
(512)346-4020
Place of Settlement: 3708 Spicewood Springs
Suite 100
Austin, TX 78759
Borrower : Seyyed Hosseini
1724 Maize Bend Drive
Austin, TX 78727
Seller : Na Nanju
1724 Maize Bend Drive
Austin, TX 78727
Lender : SWBC Mortgage Corporation
10415 Morado Circle Bldg 1 #100
Austin, TX 78759
1724 Maize Bend Drive
Austin, TX 78727
Travis County, Texas
Lot(s): 9 Block: BB Scofield
Farms Section: 3 Phase: 10
Parcel ID(s): 505691 Tax/Map
ID(s): 0266200806
Property:
Title Services
Description Borrower Seller
Line 1102 Detail -
Payee: Austin Title Company
275.00 275.00 Escrow Fee
275.00 275.00 Line 1102 Total:
Line 1103 Detail -
Payee: Austin Title Company
92.65 T-3 Amendment of Survey Exception for T-1R (T-3 or Deletion)
1,853.00 Owner's title insurance
Payee: State of Texas
1.80 Guaranty Assessment Recoupment Charge OP
1,947.45 Line 1103 Total:
Line 1104 Detail -
Payee: Austin Title Company
100.00 Lender's title insurance
77.30 T-19 Restrictions, Encroachments, Minerals Endorsement
(Residential Mtg) - 2014
25.00 T-36 Environmental Protection Lien Endorsement
25.00 T-17 Planned Unit Development
20.00 T-30 Amendment of Tax Exception (T-30, T-3 or deletion)
5.00 Not Yet Due and Payable Tax Amendment
0.00 T-19.2 Minerals and Surface Damage Loan Policy Endorsement
(Eff. 11/1/09)
Payee: State of Texas
1.80 Guaranty Assessment Recoupment Charge LP
254.10 Line 1104 Total:
Line 1109 Detail -
Payee: Austin Title Company
8.00 e-File
8.00 Line 1109 Total:
Line 1110 Detail -
Payee: Austin Title Company
25.00 20.00 Fed Ex/Courier Fee
25.00 20.00 Line 1110 Total:
295.00 2,509.55 Total Title Services:
Adjustments For Items Paid By Seller In Advance (Borrower Debit)
Prorated
Amount Amount Description
Proration
Date
08/28/14 4.21 HOA Prorations / Credit Seller 32.65
08/28/14-08/31/14
Buyer pays 4 Days of 31, Seller pays 27 Days of 31
Line 109/409 Total: 4.21
Printed on 8/27/2014 at 9:47:56AM AUT14007253/31 Previous editions are obsolete
HUD-1, Attachment
HUD-1, ATTACHMENT - CONTINUED
Seller Borrower Payee/Description
Payoffs
170,680.61 Colonial Savings, F.A.
Payoff of first mortgage loan
Loan Payoff 0.00
170,680.61 Total Payoff
Additional Disbursements from Broker's Commissions
Payee/Description
The following persons, firms or corporations received a portion of the real estate commission amount:
My Austin Realty
Re/Max Capital City III
SELLER: BORROWER:
___________________________________
Na Nanju
___________________________________
Seyyed Hosseini
I have carefully reviewed the HUD-1 Settlement Statement and to the best of my knowledge and belief, it is a true and accurate
statement of all receipts and disbursements made on my account or by me in this transaction. I further certify that I have
received a copy of the HUD-1 Settlement Statement.
The HUD-1 Settlement Statement which I have prepared is a true and accurate account of this transaction. I have
caused or will cause funds to be disbursed in accordance with this statement.
Austin Title Company
Settlement Agent
Printed on 8/27/2014 at 9:47:56AM AUT14007253/31 Previous editions are obsolete
HUD-1, Attachment - continued
Austin Title Company
3708 Spicewood Springs , Suite 100
Austin, TX 78759
Phone (512)346-4020 * Fax (512)346-4993
WIRING INSTRUCTIONS
TXFNFESC_WiringInstructions.doc
Date: August 27, 2014
GF#: AUT14007253
Property Address: 1724 Maize Bend Drive
Austin, TX 78727
WIRING INSTRUCTIONS
REFERENCE: GF#: AUT14007253
Name: Seyyed Hosseini
Attn: Jody Wiltsey
WIRE TO: Wells Fargo Bank
550 California Street, 10th Floor,
San Francisco, CA 94104
ABA #: 121000248
CREDIT TO: Austin Title Company
Escrow Account
Acct. #: 4125608620
PLEASE BE ADVISED THAT ACH DEPOSITS AND PHONE FUNDS
TRANSFERS WILL NOT BE ACCEPTED. THESE INSTRUCTIONS ARE FOR
THE PURPOSE OF SENDING WIRE TRANSFERS ONLY.