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As unusual as it may sound, the HUD statement was supposed to be analyzed reverse side first. The back side of the statement had two columns: the column on the left displayed the borrower\u2019s costs and the column on the right displayed the seller’s costs.<\/b><\/p>
\u00a0The borrower list includes costs associated with the mortgage, such as a loan underwriting fee, points, credit report fees, property appraisal fees, flood certification fees, and other charges.\u00a0<\/b><\/p>
As the lenders also have to collect some items in advance, the statement will also display any homeowner’s insurance costs, prepaid interest charges, property taxes, closing agent fees, and title insurance charges.<\/b><\/p>
The detailed list for the sellers could show the commission paid to the real estate agent, any seller\u2019s credit that was agreed to by the buyer, and information on mortgage pay-off. The total costs of the seller are generally lower than the costs of the buyer.<\/b><\/p>
The numbers on the back page of the HUD settlement statement are added together and the totals are moved to the front of the form.\u00a0<\/b><\/p>
The cash amount to be paid by the borrower and the amount to be paid to the seller appear at the bottom of the first page.<\/b><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t