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Home My WebLink AboutHUD Settlement statement sale of 870 Enclave• II11IIIII1111I ;' 1.':" A. Settlement Statement (HUD -1) OMB Approval No.2502 -0265 First American Title Insurance Company Settlement Statement 8. Type of Loan 1-5. Loan Type: Cony. Unins. 6. File Number: 585133 7. Loan Number: 9718615 8. Mortgage Insurance Case Number: C. Note: This form is lumished to give you a statement of actual settlement costs. Amounlspaid to and bytho settlement agent are shown. Items matmd'(P0C)' were paid outside this dosing; They are shown here for informational purposes and are not included in the totals. D. Name & Address of Borrower: Anna May McQuitty; Steve C Deen; Jerilyn A McQuitty 14405 Cherry Tree Road, Carmel , IN 46032 E. Name & Address of Seller: City of Carmel One Civic Square, Carmel, IN 46032 F. Name & Address of Lender: First Internet Bank of Indiana 8888 Keystone Crossing, Suite 1700. 1 Indianapolis, IN 46240 G. Property Location:1870 Enclave Cir, Carmel, IN 46032 H. Settlement Agent: First American Title Insurance Company (317)816 -9988 Address: 40 Executive Drive, Suite A, Carmel, IN 46032 I. Settlement Date: 12115/2014 Print Date: 12/15/2014, 9:58 AM Disbursement Date: 12/15/2014 Signing Date: 12/15/2014 Place of Settlement Address: 40 Executive Drive, Suite A, Carmel, IN 46032 J. Summary of Borrower's Transaction K. Summary of Sellers Transaction 100. Gross Amount Due from Borrower 400. Gross Amount Due to Seller 101. Contract Sates Price 172,000.00 401. Contract sales price 172,000.00 102. Personal property 402. Personal property 103. Settlement charges lo borrower (line 1400) 4,074.40 403. Total Deposits 104. 404. 105, 405. Adjustments for items paid by seller in advance Adjustments for items paid by seller in advance 106. Cityllown taxes 406. City /town taxes 107. County lazes 407. County taxes 108. Assessments 408. Assessments 109. Association Dues 12/15/14 to 12/31/14 @$469.64(gtr 82.35 409. Association Dues 12/15114 to 12/31/14 @$469.64 /qtr 82.35 110. 410. 111. 411. 112. 412. 113. 413. 114. 414. 115. 415. 120. Gross Amount Due from Borrower 176,156.75 420. Gross Amount Due to Seller 172,082.35 200. Amounts Paid by or on Behalf of Borrower 500. Reductions In Amount Due to Seller 201. Deposit or earnest money 17200.00 501. Excess deposit (see instructions) 17,200.00 202. Principal amount of new loans) 137,600.0D 502. Settlement charges to seller (line 1400) 12,420.00 203. Existing loan(s) taken subject 503. Existing loan(s) taken subject 204_ 504. Payoff of first mortgage ban 205. 505. Payoff of second mortgage loan 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 faxes 211. County taxes 511. County taxes 212. Assessments 512. Assessments 213. 513. 214. 514. 215. 515. 216. 516. 217. 517. 210. 518. 219. 519. 220. Total Paid bylfor Borrower 154,800.00 520. Total Reduction Amount Due Seller 29,620.00 300. Cash at Settlement fromlto Borrower 600. Cash at Settlementtolfrom Seller 301. Gross amount due from borrower (line 120) 176,156,75 601. Gross amount due to seller (line 420) 172,082.35 302. Less amounts paid by /for borrower (line 220) 154,800.00 602. Less reductions in amounts due seller (line 520) 29,620.03 303. Cash (X From) ( To) Borrower 21,356.75 603. Cash 0( To) ( From) Seller 142,467 -35 Previous editions are obsolete. 'See Supplemental Page for details, "Paid on Behalf of Borrower. POC -B (Borrower); PGC -S (Seller); POC -L (Lender); POG - -MB (Mortgage Broker). The Public Reporting Burden for this collection of information is estimated al 35 minutes per response for collecting, reviewing, and reporting the data. This agency may not celled this information, and you are not required (0 complete this form, unless it displays a currenity valid OMB control number. No confidentiality is assured; this disclosure is mandatory. This is designed to provide the parties to a RESPA covered transaction with Information during The settlement process. Page 1 L. Settlement Charges 700. Total Real Estate Broker Fees $12,040.00 Borrower's wem Borrowers Funds at Settlement Paid From Seller's Funds at Settlement Division of commission line 700) as follows: { ) 701.56,020.0010 Caldwell Banker Kaiser 702. 56,020.00 to ReMax Ability Plus 703. Commission paid at setlement 12040.00 704. 705. 706. B00. Items Payable in Connection wilh Loan 801. Our origination charge 51,399.00 (from GFE41) 802. Your credit or charge (points) for the specific interest ale chosen 32,763.01 (hum GFE 42) 803. Your adjusted origination charges to First Internet Bank of Indiana (from GFE A) - 1,364.01 804. Appraisal fee to Streetlinks Lender Solutions (from GFE 113) POC -B $405.00 805. Credit report to CSC Credit Services (from GFE 713) 26.95 806. Tax service (Irom GFE ;13) 807. Flood certification to Corelogic FLood Services (from GFE 43) 1300 808. Appraisal Inspection to Streetlinks (from GFE 43) POC -8 SI65.00 809. (Irom GFE 43) 810. gram GFE 43) 811. (from GFE 43) 900. Items Required by Lender to Be Paid in Advance 901. Daily interest changes from 12/15114 to 01/01/15 @$16.720000 /day to First Internet Bank of Indiana (from GFE 1(10) 284.24 902. (from GFE43) 903. Homeowner's insurance to Redding -Troy Agency Inc. From GFE 411) 902.00 904. 905. 906. 1000. Reserves Deposited with Lender 1001. Initial deposit for your escrow account (Irom GFE 49) 437,00 1002. Homeowner's insurance 2 mo(s) @$75.17 /mo 5150.34 1003. Mortgage insurance 1004. Property taxes 5 mo(s) @5143,33/mo $716.65 1005. 1006. 1007. Aggregate Adjustment 4429.99 1100. Title Charges 1101. Title services and lender's title insurance (from GFE 114) 690.00 1102. Settlement or closing fee 5350.00 to First American Title Insurance Company 1103. Owners title insurance - First American Tite Insurance Company (Irom GFE C5) 432.00 1104, Lenders title insurance - First American Title Insurance Company 5100.00 1105. Lenders title policy limit $ 137,600.00 1106, Owners title policy limit $ 172,000,00 1107. Agent's portion of the total title insurance premium $ 0,00 to First American lice Insurance Company 1108. Underwriters portion of total title insurance premium $ 532.00 to First American Title Insurance Company 1109. CPL Fee Seller - IN to First American Title Insurance Company 25.00 1110. Processing Fee to First American Title Insurance Company 100.00 1111. Search /Exam Fee to First American Tine Insurance Company 250.00 ' Supplemental Summary 55.00 5.00 1200. Government Recording and Transfer Charges 1201. Government recording charges (from GFE 47) 89.00 1202. Recording fees: Deed 50.00 Mortgage 554.00 Release 50.00 1203. Transfer taxes (from GFE 48) 1204. City /county tax/stamps: 1205. Slate tax/stamps: 1206. record deed $20.00 1207. sales disc fee 515.00 1208. 1209. 1210. 1300. Additional Settlement Charges 1301. Required services that you can shop for (Irom GFE t6) 1302. 2015 1st Dlr Maintenance fee to Enclave Of Carmel HOA 469.64 1303. 2015 Special Assessment to Enclave Of Carmel HOA 1,999.58 1304. Certification Fee to Kirkpatrick Management Co Inc Agent 95.00 1305. 1306. 1307. 1308. 1309. i 1400. Total Settlement Charges (enter on lines 103, Section J and 502, Section K) 1 4,074,40 12,420.00 'See Supplemental Page for delails. " Paid on Behalf of Borrower. -B (Borrower); POC -S (Seller); P0� -L (Lender); POC -MB (Mortgage Broker). Page 2 Comparison of Good Faith Estimate (GFE) and 1100 -1 Charges Charges That Cannot Increase 111.10.1 Line Number Our origination charge If 801 Your credit l charge (points) for the specific interest role chosen 4 802 Your adjusted origination charges 603 Transfer taxes 4 1203 Fla No. 685133 Good Faith Estimate HO0.1 1,399.00 1,39900 - 2,763.01 - 2.763.01 - 1,364.01 - 1,364.01 0.00 Charges That in Total Cannot Increase More Than 10 1100-1 Government recording charges 4 1201 Appraisal fee 4 804 Credit report 9 805 Flood codification 4 807 Appraisal Inspection 4 808 Homeowners insurance 4 903 4 Trio services and lenders title Insurance 8 1101 Total O,vners title insurance Increase between GFE and 11110-1 Charges Charges That Can Change 1100-1 1100 -1 100.00 Initial deposit for your escrow account if 1001 902.00 Daily interest charges It 901 @$16.7200001day Homeowners insurance 4 903 175.00 Trio services and lenders title Insurance 4 1101 ❑ You do not have a monthly escrow payment for items, such as property taxes and homeowners Insurance. You must pay these items directly yourself. 15-fl You have an additional monthly escrow payment of $ 218.50 that results In a total Initial monthly amount owed of $ 905.52. This Includes principal, interest, any mortgage insurance and any items checked below: I n l Properly taxes I X Homeowners insurance ❑ Flood insurance ❑ ❑ II I Fl O,vners title insurance fl 1103 739.95 Loan Terms Good Faith Estimate 1100-1 1100 -1 100.00 284.24 89.00 425.00 902.00 405.00 26.95 570.00 26.95 13.00 I X No. I I Yes, the first Increase can be on and the monthly amount owed can rise to $ 0.00. The maximum it can ever rise to 15 $ 0.00. 13.00 175.00 Does your loan have a balloon payment? 165.00 Total monthly amount owed including escrow account payments ❑ You do not have a monthly escrow payment for items, such as property taxes and homeowners Insurance. You must pay these items directly yourself. 15-fl You have an additional monthly escrow payment of $ 218.50 that results In a total Initial monthly amount owed of $ 905.52. This Includes principal, interest, any mortgage insurance and any items checked below: I n l Properly taxes I X Homeowners insurance ❑ Flood insurance ❑ ❑ II I Fl 739.95 698.95 - 341.00 or - 5.54096fi Good Faith Estimate 1100-1 587.01 437.00 284.24 284.24 800.00 902.00 887.50 690.00 570.00 432.00 Even if you make payments on time, can your monthly amount owed for principal, interest, and mortgage insurance rise? I X No. I I Yes, the first Increase can be on and the monthly amount owed can rise to $ 0.00. The maximum it can ever rise to 15 $ 0.00. Your initial loan amount is $ 137,600.00 Your loan term is 30 years Your Initial Interest rate is 4.3750 % Your initial monthly amount owed for principal, interest, and any mortgage insurance is 3 �687.02 includes A Principal I x 1 Interest Mortgage Insurance Can your interest rate rise? I X No. ❑ Yes, it can rise to a maximum of 0.0000%. The first change will be on and can change again every after. Every change dale, your interest rate can increase or decrease by 0.00000%, Over the life of the loan, your Interest rate is guaranteed to never be lower than 0.0000% or higher than 0.0000%. Even it you make payments on lime, can your loan balance rise? l�l No. I Yes, k can rise to a maximum of $. Even if you make payments on time, can your monthly amount owed for principal, interest, and mortgage insurance rise? I X No. I I Yes, the first Increase can be on and the monthly amount owed can rise to $ 0.00. The maximum it can ever rise to 15 $ 0.00. Does your loan have a prepayment penalty? No. ❑ Yes, your maximum prepayment penalty Is $ 0.00. Does your loan have a balloon payment? fell No. [ I Yes, you have a balloon payment of $ 0.00 due in LAJ 0 years on . Total monthly amount owed including escrow account payments ❑ You do not have a monthly escrow payment for items, such as property taxes and homeowners Insurance. You must pay these items directly yourself. 15-fl You have an additional monthly escrow payment of $ 218.50 that results In a total Initial monthly amount owed of $ 905.52. This Includes principal, interest, any mortgage insurance and any items checked below: I n l Properly taxes I X Homeowners insurance ❑ Flood insurance ❑ ❑ II I Fl Note: If you have any questions about the Settlement Charges and Loan Terms listed on this form, please contact your lender. Page 3 Supplemental Page HUD -1 Settlement Statement File No. 685133 First American Title Insurance Company Settlement Statement Loan No. 9718615 Settlement Date; 12215/2014 Borrower Name & Address: Anna May McQuitty; Steve C Deen; Jerilyn A McQuilly 14405 Cherry Tree Road, Carmel , IN 46032 Seller Name & Address: City of Carmel One Civic Square, Carmel, IN 46032 Section L. Settlement Charges continued Paid From Borrower's Funds at Settlement Paid From Sellers Funds at Settlement 1100. Supplemental Summary 510.00 303. Cash (X From) ( To) Borrower 21,356.75 1112. TI Enforcement Fund - MP to First American Title Insurance $5.00 Company 142,462.35 1113. TI Enforcement Fund - OP to First American Title Insurance Company 5.00 The following Section is restated from the Settlement Statement Page 1 300. Cash at Settlement fromflo Borrower 600. Cash at Settlement tolfrom Seller 301. Gross amount due from borrower (line 120) 176,156.75 601. Gross amount due to seller (fine 420) 172,082.35 302. less amounts paid byllor borrower (line 220) 154,100.00 602. Less reductions in amounts due seller (line 520) 29,620.00 303. Cash (X From) ( To) Borrower 21,356.75 603. Cash (X To) ( From) Seller 142,462.35 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 distributions 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. BUYER(S): Anna May McQuitty Deen SELLER(S): City of armel y: Steve En elking, Dir• ctor of Administration The HUD -I Setrement Statement which !have prepared is a ere & accurate account of This eansad'an. 1 have caused or al cause the funds to be disbursed in acoNance wmai this statement First American Title Insurance Company By Seltlemee ga( ant: Jennifer Dunlap Date: /2—//' 57/ I Page 4 Itemization of Title Charges and Government Recording and Transfer Charges File No. 685133 First American Title Insurance Company Loan No. 9718615 Settlement Date. 12/1512014 Property: 870 Enclave Cir, Carmel, IN 46032 P Y' Print late. 12/15/2014, 9:58 AM Name & Address of Borrower: Anna May McQuitly; Steve 0 Dean; Jerilyn A McQuilty 14405 Cherry Tree Road, Carmel, IN 46032 Name & Address of Seller: City of Carmel One Civic Square, Carmel, IN 46032 Name & Address of Lender: First Internet Bank of Indiana 8888 Keystone Crossing, Suite 1700 Indianapolis, IN 46240 1100. Summary of Title Charges Borrower Charges Seller Charges Borrower Charges Seller Charges 1101. Title Services and Lenders Title Insurance 1202. Recording Fees Deed 30.00 Mortgage $54.00 Release $0.00 690.00 1203. Transfer taxes Title Services Fees $235.00 a. CPL Fee Buyer /Lender - IN 550.00 1206, record deed 320.00 b. Processing Fee 3185.00 c SearctiExam Fee SO.00 d. TI Enforcement Fund - OP 30.00 1102. Settlement or Closing Fees lo First American Title Insurance Company $350.00 a. SetllemenUClosing Fee $350.00 1103. Owners title insurance - First American Title Insurance Company 432.00 a. Owners Premium $432.00 1104. Lender's title insurance - First American Title Insurance Company 3100.00 a. [ALTA 8.1 -06 ] Environmental Protection Lien 325.00 b. [ALTA 9 -06 ] Restrictions, Encroachments & Minerals $25.00 c. Mortgage Premium $50.00 1105. Lender's title policy limit $ 137,600.00 1105. Owner's litre policy limit $ 172,000.00 1107. Agent's portion of the total title insurance premium $ 0.00 to First American Title Insurance Company 1100. Underwriters portion of total title insurance premium $ 532.00 to First American Title Insurance Company 1109. CPL Fee Seller - IN to First American Title Insurance Company 25.00 1110. Processing Fee to First American Title Insurance Company 100.00 1111. Search /Exam Fee to First American Title Insurance Company 250.00 1112. TI Enforcement Fund - MP to First American Title Insurance Company $5.00 1113. TI Enforcement Fund - OP to First American Title Insurance Company 5.00 1200. Government Recording and Transfer Charges Borrower Charges Seller Charges 1201. Government Recording Charges 89.00 1202. Recording Fees Deed 30.00 Mortgage $54.00 Release $0.00 1203. Transfer taxes 1204, City /county tax/stamps: 1205, State tax/stamps: 1206, record deed 320.00 1207. sales disc lee 315.00 Page 1