EFTA Document EFTA01280083

PRELIMINARY 12/9/2014 12:38:38 PM = . 4.04.00,,P OMB Approval No 2502 :: ,z :, , A. Settlement Statement (HUD-1) B. Type of Loan 1.0 FHA 2.O BNB 3.61C,onv. Unlit,. 4.O VA 5.O Cony. Ins. 0 Other 8. File Number: 20142384 7. Loan Number: 8. Mortgage Insurance Case Number: C. Note: This form is furnished to give you a statement of actu I settlement costs. Amounts paid to and by the settlement agent are shown. Items marked •(POC)' were paid outside the closing: they are shown here for informational purposes and are not included in the totals. D. Name & Address . Palm Beach, FL 33480 of Borrower: E. Name & Address of Seller: F. Name & Address Fifth Third Mortgage Company. 5001 Kingsley Dr, MD: 1MOCBO, Cncinnati, OH 45227, Loan of Lender: G. Property Location: Property Address Charlotte, North Carolina 28202 H. Settlement Agent: Ronald J. Antonolh. 7990 Arco Corporate Drive Suite 118. Raleigh, NC 27617.= Place of Settlement: 7990 Arco Corporate Drive Suite 119. Raleigh, NC 27817 I. Settlement Date: 12.10, 2014 Proration Date: 12/102014 Disbursement Date: 12 102014 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) $3.471.06 403. 104. 1st Mtg Payoff to CCO Mortgage $316.017.71 404. 105. 405. Adjustments for Items paid by seller in advance Adjustments for items paid by seller in advance 106. City/tovm taxes 406. City/town taxes 107. County taxes 407. County taxes 108. Assessments 408. Assessments 109. 409. 110. 410. 111. 411. 112. 412 120. Gross Amount Due from Borrower $319,488.77 420. Gross Amount Due to Seller $0.00 200. Amounts Paid by or in Behalf of Borrower 500. Reductions In Amount Due to Seller 201. Depose or earnest money 501. Excess deposit (see instructions) 202. Principal amount of new loan(s) $325.000.00 502. Settlement charges to seller (line 1400) $0 CO 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. Application Fee Credit from Fifth Third Madge $400.00 506. 207. 507. 208. 508. 209. 509. Adjustments for items unpaid by seller Adjustments for items unpaid by seller 210. City/town taxes 510. City/town taxes 211. County taxes 511. County taxes 212. Assessments 512. Assessments 213. 513. 214. 514. 215. 515. 216. 516. 217. 517. 218. 518. 219. 519. 220. Total Paid by/for Borrower $325,400.00 $20. Total Reduction Amount Due Seller $0.00 300. Cash at Settlement frongto Borrower 600. Cash at Settlement to/from Seller 301. Gross amount due from borrower (line 120) $319,488.77 601. Gross amount due to seller (line 420) $003 302 Less amounts paid bylfor borrower (Inc 220) ($325,400.00) 602. Less reductions in amount due seller (line 520) $0.00 303. Cash a From ®To Borrower $5,911.23 603. Cash ®Top From Seller $0.00 The Pubic Reporting Burden for this colestion of inionnalion is eslimaled al 35 minutes per response for collecting, reviewing. and reporting the data. This agency may not stied this ilkfMilii041, and you are not required to complete this lam, unless it displays a currently alid OMB control number. No confidentiality is assured: this disclosure Is manchakwy. This is designs to provide the pates I aRFsy&S er he ment process. Previous editions are obsolete SDNY_GM_00031581 EFTA_00142194 EFTA01280083 PRELIMINARY 12,9'2014 12 36 38 PM File Nurnber. 20142384 L. Seulement Charges 700. Total Real Estate Broker Fees Paid From Borrowers Funds at Settlement Paid From Setters Funds at Seulement Division of commission (line 700) as follows: 701. 702. 703. Commission paid at seulement 704. 800. Items Payable In Connection whh Loan 801. Our origination charge Fifth Third Mortgage Company— 5615.15 (from GFE 81) 802. Your ore* or charge (ponts) for the spi:crac «oint rate chosen (from GFE 82) 803. Your adjusted origination charges Io Frfth Third Mortgage Company (from GFE A) $615.15 804. Appraisal tee to Nations Valuation Services. Inc (from GFE 83) $403.00 805. Credit report to CBC Companies, Inc (from GFE 83) $2.58 806. Tax service to CoreLogic (from GFE 83) $72.00 807. Flood certification to Southwest Financial Services, Inc (from GFE 83) $4.00 808. Appraisal Mgmt Co Fee to Nations Valuation Services, Inc $134.00 900. Items RequIred by tender to Be Paid In Advance 901. Daily interest charges from 12/10/14 to 1/1/15 @ 527.0833/day (from GFE 810) $595.83 902. Mortgage insurance premium for (from GFE $3) 903. Homocnvners insurance for 1 year to Windermere lnsurance Group. LLC (from GFE III) POCB$2.922.00 904. 905. 1000.Reserves Deposlted wIth Lender 1001. Initial deposkt for your escrow account (from GFE BS) 1002. Homeowner's insurance 1003. rengage insurance 1004. City property taxes 10:6. County property taxes 1006. 1007. 1008. 1009. Aggregate Adjustment 1100.TItte Charges 1101. Title services and tenders title insurance (from GFE 84) 51.547.50 1102. Settlement or dosing fee to Ronald J. Antonelli 5125.00 1103. Cnimers tille insurance to Vista Seulement Services (from GFE 85) 1104. Lenders title insurance $672.50 1105. Lenders title poney limit 5325000.00 1106. Owners tille poney limit 1107. Agents portion of the total title insurance premium to Vista Settlement Services 5504.38 1106. Undenvriter's portion of die total tille insurance premium to Stewart Title Guaranty Company 5168.12 1109. Alla 9 Endorsement Fee 1110. Abstract Fee to Ronald J. Mtonelli $12500 1111. Attorney Fee to Ronald J. Mtonelh $350.00 1112. Courier/11\6re Fee to Ronakl J. Antonelli $180.00 1113. AdminiErnall Fee to Ronald J. Mtonelli $3500 1114. Mortgage Cancellation Fee to Ronald J Antonelli $60.00 1115. 1200.Government Recording and Transfer Charges 1201. Government recording charges (eDm GFE 87) 5100 00 1202. Deed Mortgage $100.00 Releases $100.00 1203. Transfer taxes (hDm GFE 88) 1204. City/County tax/stamps 1205. State taxIstamps 1206. 1300.Addltlonal Seulement Charges 1301. Required services that you can shop for (from GFE NS) 1302. 2014 Real Estate Taxes to Mecklenburg County Revenue Dept POCO $6.524 79 1303. 1304. 1305. 1400. Total Settlement Charges (enter on llnes 103, Section J and 502, Section K) $3,471.06 $0.00 lncludes Orignation Pont (56ISAS). Items rnarked "PCC' v.ere poid etasfrde the closes:3 by. Bovremet (PCCB). Londer (POCL). Mortgage Bioko. (POCM). Othe (POCO), Real Estate Agent (PCCR), et Sel/et (POCS) Proviens edrtions are obsoleto HUD•1 SDNY_GM_00031582 EFTA_00142195 EFTA01280084 PRELIMINARY CERTIFICATION: I have caiefuey reviewed the HUD-1 Settlement Statement and to the best ol my knowledge and belief. it is a hue arid accurate statement of all receipts and doburminents made on my account or by me in this transaction. I further certify that I have received a copy of HUD-1 Settlement Statement. The Settlement Agent does not warrant or represent the accuracy of information provided by any party. includim information concerning POC items and information supplied by the lender in this transaction appearing on this HUD-I Settlement Statement pertaining to 'Comparison ot Good Faith Estimate (GFE) and HUD-1 Charges' and loan Terme, and the parties hold harmless the Settlement Agent as to any inaccuracies in such mailers. 12/82014 12:36.38 PM File Number. 20142384 To the beta of my knowledge, the HUD-I Settlement Statement which I have prepared is a true and accurate account of the funds which were received and have been a wit be disbursed by the undersigned as part of the settlement of this transaction. Ronald J. Antonelh Date WARNING: II is a clime to knoiiingly make false statements to the United States on this or any other smiler form. Perot!** upon conviction can include a fine and impilsonment. For details see: Title 18: U.S. Code Section 1001 and Section 1010. Previous editions are obsolete HUD-1 SDNY_GM_00031583 EFTA 00142196 EFTA01280085 PRELIMINARY 12/912014 12:36:38 PM File Number: 20142384 Comparison of Good Faith Estimate (GFE) and HUD-1 Charges Good Faith Estimate HUD-1 Charges That Cannot Increase HUD-1 Line Number Our origination charge # 801 $660.15 $615.15 Your credit or charge (points) for the specific interest rate chosen # 802 $0.00 $0.00 Your adjusted origination charges it 803 5660.15 $615.15 Transfer taxes it 1203 $0.00 $0.00 Charges That In Total Cannot Increase More Than 10% Good Faith Estimate HUD-1 Government recording charges # 1201 $96.00 $100.00 Appraisal fee to Nations Valuation Services, Inc it 804 $400.00 $400.00 Credit report to CBC Companies, Inc # 805 $4.81 $2.58 Tax service to CoreLogic it 806 $72.00 $72.00 Flood certification to Southwest Financial Services, Inc it 807 $4.00 $4.00 Appraisal Mgmt Co Fee to Nations Valuation Services, Inc # 808 $140.00 $134 00 # Total $718.81 $712.58 Increase between GFE and HUD-1 Charges ($4.23) or -0.590115% Charges That Can Change Good Faith Estimate HUD-1 Initial deposit for your escrow account # 1001 $0.00 $0.00 Daly interest charges # 901 527.0833/day $650.00 $595.83 Homeowners insurance # 903 $0.00 $2,922.00 Title services and lender's title insurance it 1101 $1,327.50 $1,547.50 # # # it # Loan Terms Your initial loan amount is $325,000.00 Your loan term is 15.00years r- N/A Your initial interest rate is 3.000% Your initial monthly amount owed for principal, interest, and any mortgage insurance is $2,244.39indudes (✓ Principal r N/A F Interest r Mortgage Insurance Can your interest rate rise? F Nor Yes, it can rise to a maximum of %. The first change will be on and can change again every after Every change date, your interest rate can increase or decrease by 14. Over the life of the loan, your interest rate is guaranteed to never beiower than % or higher than %. Even if you make payments on time, can your loan balance rise? F Nor Yes, it can rise to a maximum of . r Unknown Even if you make payments on time, can your monthly amount owed for principal, interest, and mortgage insurance rise? F Nor Yes, the first increase can be on and the monthly amount owed can rise to The maximum it can ever rise to is Does your loan have a prepayment penalty? F Nor Yes, your maximum prepayment penalty is Does your loan have a balloon payment? F Nor Yes, you have a balloon payment of due in . yews o Total monthly amount owed including escrow account payments r •Paid by or through draws from the principal limit F 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. r- You have an additional monthly escrow payment of that results in a total initial monthly amount owed of . This includes principal, interest, any mortgage insurance and any items checked below. r- Property taxes r Homeowner's insurance n Flood insurance r r r Note: II you have any questions about the Settlement Charges and Loan Tema bated on this form, please coMact your lender. Previous ormans are obsolete HU0•I SDNY_GM_00031584 EPTA_00142197 EFTA01280086