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Closing Statement - 614 E 97th St, Cleveland, OH 44108 - 614 E 97th St, Cleveland, Ohio 44108.pdf

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OMB Approval No 2502‐0265 A. Se lement Statement (HUD‐1) B. Type of Loan 3. Conv. Unins. 6. File No. 7. Loan No. 8. Mortgage Insurance Case No. 1. FHA 2. RHS 4. VA 5. Conv Ins. C. Note: This form is furnished to give you a statement of actual se lement costs. Amounts paid to and by the se lement agent are shown. Items marked “(p.o.c.)” were paid outside the closing; they are shown here for informa onal purposes and are not included in the totals. 2022‐218 D. Name & Address of Borrower: E. Name &

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OMB Approval No 2502‐0265

A. Se

lement Statement (HUD‐1)

B. Type of Loan
3.

Conv. Unins.

6. File No.

7. Loan No.

8. Mortgage Insurance Case No.

1.

FHA

2.

RHS

4.

VA

5.

Conv Ins.

C. Note:

This form is furnished to give you a statement of actual se lement costs. Amounts paid to and by the se lement agent are shown. Items marked “(p.o.c.)” were paid outside
the closing; they are shown here for informa onal purposes and are not included in the totals.

2022‐218

D. Name & Address of Borrower:

E. Name & Address of Seller:

F. Name & Address of Lender:

G. Property Loca on:

H. Se lement Agent:

I. Se lement Date:

Lo y Holding 614 E. 97th Street LLC

Great Lakes Homebuyers LLC, an Ohio
Limited Liability Company

614 East 97th Street
Cleveland, OH 44108

American Patriot Title Agency

06/10/2022
Funding Date:

Place of Se lement:

5425 Detroit Road Suite 1 Sheffield Village,
OH 44054
J. Summary of Borrower’s Transac on

K. Summary of Seller’s Transac on

100. Gross Amount Due from Borrower

400. Gross Amount Due to Seller

101. Contract sales price

$115,465.00

102. Personal property

06/10/2022
Disbursement Date:

06/10/2022

401. Contract sales price
402. Personal property

103. Se lement charges to borrower (line 1400)

$2,813.50

403.

104.

404.

105.

405.

Adjustment for items paid by seller in advance

Adjustment for items paid by seller in advance

106. City/Town 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

$118,278.50

420. Gross Amount Due to Seller

200. Amount Paid by or in Behalf of Borrower

500. Reduc ons in Amount Due to Seller

201. Deposit

501. Excess deposit (see instruc ons)

202. Principal amount of new loan(s)

502. Se lement charges to seller (line 1400)

203. Exis ng loan(s) taken subject to

503. Exis ng loan(s) taken subject to

204.

504.

205.

505.

206.

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. Rent Up unit

$594.60

514. Rent Up unit

215. Rent Down UNIT

$466.60

515.

216. Security Deposit Up unit

$892.00

516. Security Deposit Up unit

217. Security Deposit Down unit

$892.00

517. Security Deposit Down unit

218. Addi onal Rent credit

$118.93

518. Addi onal Rent credit

219.

519.

220. Total Paid by/for Borrower

$2,964.13

300. Cash at Se lement from/to Borrower

520. Total Reduc on Amount Due Seller
600. Cash at Se lement to/from Seller

301. Gross amount due from borrower (line 120)

$118,278.50

601. Gross amount due to seller (line 420)

302. Less amounts paid by/for borrower (line 220)

$2,964.13

602. Less reduc ons in amounts due seller (line 520)

303. Cash

X From

To Borrower

$115,314.37

603. Cash

To

From Seller

The Public Repor ng Burden for this collec on of informa on is es mated at 35 minutes per response for collec ng, reviewing, and repor ng the data. This agency may not collect this
informa on, and you are not required to complete this form, unless it displays a currently valid OMB control number. No confiden ality is assured; this disclosure is mandatory. This is
designed to provide the par es to a RESPA covered transac on with informa on during the se lement process.

Previous edi ons are obsolete

Page 1 of 2

HUD‐1 / Order #2022‐218 / June 10, 2022

L. Se lement Charges
700. Total Real Estate Broker Fees

Paid From
Borrower's Funds
at Se lement

Division of commission (line 700) as follows :
701. $

Paid From Seller’s
Funds at
Se lement

702. $
703. Commission paid at se lement
704.
800. Items Payable in Connec on with Loan
801. Our origina on charge

(from GFE #1)

802. Your credit or charge (points) for the specific interest rate chosen

(from GFE #2)

803. Your adjusted origina on charges

(from GFE #A)

804. Appraisal fee

(from GFE #3)

805. Credit report

(from GFE #3)

806. Tax service

(from GFE #3)

807. Flood cer fica on

(from GFE #3)

808.
809.
810.
811.
900. Items Required by Lender to be Paid in Advance
901. Daily interest charges

(from GFE #10)

902. Mortgage insurance premium

(from GFE #3)

903. Homeowner's insurance

(from GFE #11)

904.
1000. Reserves Deposited with Lender
1001. Ini al deposit for your escrow account

(from GFE #9)

1002. Homeowner's insurance
1003. Mortgage insurance
1004. Property taxes
1005.
1006.
1007. Aggregate Adjustment $0.00
1100. Title Charges
1101. Title services and lender's tle insurance

(from GFE #4)

1102. Se lement or closing fee to American Patriot Title Agency
1103. Owner's tle insurance to Westcor Land Title Insurance Company

(from GFE #5)

$667.00

1104. Lender's tle insurance
1105. Lender's tle policy limit $
1106. Owner's tle policy limit $115,465.00
1107. Agent's por on of the total tle insurance premium to American Patriot Title Agency $566.95
1108. Underwriter's por on of the total tle insurance premium to Westcor Land Title Insurance Company $100.05
1109. Title ‐ Se lement Fee to American Patriot Title Agency

$700.00

1110. Title ‐ Mobile Notary Fee to American Patriot Title Agency

$100.00

1111. Title ‐ Exam Fee to American Patriot Title Agency

$450.00

1112. Title ‐ Document Prepara on to American Patriot Title Agency

$25.00

1113. Title ‐ Overnight/Courier to American Patriot Title Agency

$45.00

1114. Title ‐ Title Commitment to American Patriot Title Agency

$100.00

1115. Title ‐ Transfer Service Fee to American Patriot Title Agency

$35.00

1116. Title ‐ Wire Fee to American Patriot Title Agency

$105.00

1117. Title ‐ Electronic Security/Storage Fee to American Patriot Title Agency

$90.00

1200. Government Recording and Transfer Charges
1201. Government recording charges

(from GFE #7)

$34.00

(from GFE #8)

$462.50

1202. Deed $34.00 Mortgage $ Release $ to Cuyahoga County Recording Office
1203. Transfer taxes
1204. City/County tax/stamps Deed $462.50 Mortgage $ to Cuyahoga County Treasurer Office
1205. State tax/stamps Deed $ Mortgage $
1206.
1300. Addi onal Se lement Charges
1301. Required services that you can shop for

(from GFE #6)

1302.
1303.
1304.
1305.
1306.
1307.
1308.
1309.
1310.
1400. Total Se lement Charges (enter on lines 103, Sec on J and 502, Sec on K)

Lo y Holding 614 E. 97th Street LLC

$2,813.50

Date

The HUD‐1 se lement statement which I have prepared is a true and accurate account of this transac on. I have caused or will cause the
funds to be disbursed in accordance with this statement
Date

Se lement Agent

Previous edi ons are obsolete

Page 2 of 2

HUD‐1