The URL can be used to link to this page

Home My WebLink AboutHUD Statement 10401/10403 PennA. 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 685195 7. Loan Number: 60140601 8. Mortgage Insurance Case Number: C. Note: This form is furnished to give you astatement o( actual settlement costs. Amounts paid to and by the sel;lemont agent are shown. Items marked'{POC)' were pa'd outside this closing; they are shown here for informational purposes and are not inc'uded in the totals. D. Name & Address of Borrower: First American Exchange Company, LLC, as Qualified Intermediary for Timothy Moohl and Heather Moehl 1865 Valley Drive, Indianapolis, IN 46280. E. Name & Address of Seller: City of Carmel One Civic Square, Carmel, IN 46032 F. Name & Address of Lender: Centra Credit Union 70 Carr Hill Rd Columbus, IN 47201 __- G. Property Locatfori: 10401 & 10403 N Pennsylvania St., Indianapolis, IN 46280 H. Settlement Agent: First American Title Insurance Company (317)816-9988 Address: 40 Executive Drive, Suite A, Carmel, IN 46032 I. Settlement Date: 12)3012014 Print Date: 12/29/2014, 5:45 PM Disbursement Date: 12/30/2014 Signing Date: 12/30/2014 Place of Settlement Address: 40 Executive Drive, Suite A, Carmel, IN 46032 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 146,711.00 401. Contract sales price 146,711,00 102. Personal property 402. Personal property 103. Settlement charges to borrower (line 1400) 18,837.69 403. Total Deposits 104. 404. 105. 405. Adjustments for items paid by seller in advance Adjustments for items paid by seller in advance 106. Cilyllown taxes 405. City/town taxes 107. County taxes 407. County taxes 100. Assessments 408. Assessments 109. 409. 110. 410. 111. 411. 112. 412. 113. 413. 114. 414. 115, 415. 120. Gross Amount Due from Borrower 165,548.69 420. Gross Amount Due to Seller 146,711.00 200. Amounts Pall by or on Behalf of Borrower 500. Reductions In Amount Due to Seller 201. Deposit or earnest money 14,671.10 501. Excess deposit (see instructions) 14,671.10 202. Principal amount of new loan(s) 110,000.00 502. Settlement charges to seller (line 1403) 10,662.32 203. Existing loan(s) taken subject 503. Existing loan(s) taken subject 204. "Credit Buyer Prepaid Application from Centra Credit Union 425.00 504. Payoff of first mortgage loan 205. Funds from 1031 Bxchange 40,452,59 505. Payoff of second mortgage ban 206. 506. 2013 November Tax Payable In 2014 to POC -S $17.50 207. 507. 206. 508. 209. 509. Adjustrnents for items unpaid by seller Adjustments for items unpaid by seller 210. City/town taxes 510. City/town taxes 211. County taxes 511. Countytaxes 212. Assessments 512. Assessments 213. 513. 214. 514. 215. 515. 216. 516. 217. 517. 218. 518. 214. 519. 220. Total Paid byffor Borrower 165,548.69 520. Total Reduction Amount Due Seller 25,333.42 300. Cash at Settlement fromfto borrower 600. Cash at Settlement tolfrom Seller 301. Gross amount due from borrower (line 120) 165,548.69 601. Gross amount due to seller (line 420) 146,711.00 302. Less amounts paid by/for borrower (line 220) 165,548.69 602. Less reductions in amounts due seller (Inc 520) 25,333.42 303. Cash ( From) ( To) Borrower 603. Cash (X To) ( From) Seller 121,377.58 Previous editions are obsolete, • See Supplemental Page far details. "Paid on Behalf of Borrower. POC -B (Borrower); PCC -S (Seller); POC -L (Lender); POC -MB (Mortgage Broker). The Public Reporting Burden for this collection of information is estimated at 35 minutes per response tor collecting, reviewing. and reporting the data. Tills agency may not collect this information, and you are not required to complete this form, unless It displays a currently 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 Fila N L. Settlement Charges 700. Total Real Estate Broker Fees 310,269.78 Paid From Borrower's Funds at Settlement Paid From Sellers Funds at Settlement Division of commission (line 700) as follows: 701. 35,134.89 to Coldwell Banker Kaiser 702. $5,134.89 to Keller Williams RE 703. Commission paid at settlement 10269.78 704. 705. 706. 800. Items Payable in Connection with Loan 801. Our origination charge $500.00 (from GFE 711) 802. Your credit or charge (paints) far the specific interest rate chosen S1,237.50 (from GFE 42) 803. Your adjusted origination charges to Centra Credit Union (from GFE A) 1.737.50 804. Appraisal leo to CFS (from GFE 43) 425.00 805. Credit report (from GFE 43) 806. Tax service to Centra Credit Union (from GFE 13) 80.00 807. Flood certification to Floodplain Consultants (from GFE 43) 25.00 808. (from GFE 43) 809. (from GFE 43) 810. (from GFE 43) 811. (from GFE 713) 900. Items Required by Lender to Be Paid in Advance 901, Dairy interest charges from 12130114 to 01/01/15 @$12.808020/day to Centra Credit Union (from GFE 910) 25.62 902. (from GFE 43) 903. Homeowners insurance (from GFE 411) 904. 905. 906. 1000. Reserves Deposited with Lender 1001. Initial deposit for your escrow account (from GFE 49) 64247 1002. Homeowner's insurance 3 mo(s) @$90.831mo $27249 1003. Mortgage insurance 1004. Property taxes 3 mo(s) @$123.34/mo $370.02 1005. 1006. 1007. Aggregate Adjustment -30.04 1100. Title Charges 1101. Title services and lender's title insurance (from GFE 44) 740.00 1102. Settlement or dosing fee 3350.00 to First Amedcan Title Insurance Company 1103. Owner's title Insurance - First American Title Insurance Company (from GFE 15) 420.90 1104. Lenders title insurance - First Amedcan Title Insurance Company 3150.00 1105. Lender's title policy limit $ 110,000.00 1106. Owner's title policy limit $ 146,711.00 1107. Agent's portion of the total title insurance premium $ 0.00 to First American Title Insurance Company 1108. Underwriters portion of total title insurance premium $ 570.00 to First American Title Insurance Company 25.00 1109 CPL Fee Seiler - IN to First American Title Insurance Company 1110. Processing Fee to First American Title Insurance Company 100.00 1111, SearchrExam Fee to First American Title Insurance Company 250.00 • Supplemental Summary 55.00 5.00 1200. Government Recording and Transfer Charges 91.00 1201. Government recording charges (from GFE 47) 1202. Recording fees: 1203. Transfer taxes (from GFE 48) 1204. City/county taxlslamps: 1205. State taxlstamps: 1206. record deed 320.00 1207, record mortgage 356.00 1208. sales disc fee 315.00 1209. 1210. 1300. Additional Settlement Charges 1301. Required services that you can shop for (from GFE 46) 1302. current bill to Clay Township Regional waste 6.27 1303. current bill to Clay Township Regional Waste 6.27 1304. Refund / Earnest Money Deposit from Exchange to Timothy Moehl and Heather Moehl 14,671.10 1305. 1306. 1307. 1308. 1309. 18,837.69 10,662.32 1400. Total Settlement Charges (enteron lines 103, Section J and 502, Section K) See Supplemental Page for details. "Paid on Behalf of Borrower. Page 2 Comparison of Good Faith Estimate (GFE) and HUD -1 Charges Charges That Cannot Increase HUD -1 Line Number Our origination charge # 801 Your credit / charge (points) for the specific interest rate chosen 4 802 Your adjusted origination charges # 803 Transfer taxes # 1203 File No, 685195 Good Faith Estimate HUD -1 500.00 500.00 1,237.50 1,237.50 1,737.50 1,737.50 0.00 Charges That in Total Cannot Increase More Than 10% HUD -1 Government recording charges # 1201 Appraisal fee # 804 Tax service # 806 Flood certification 4 807 901 4 Homeowners insurance 4 903 # The services and lenders title insurance # 1101 I I You do not have a monthly escrow payment for items, such as property taxes and homeowners Insurance. You must pay these items directly yourself. gi You have an additional monthly escrow payment of $ 214.17 that results in a total initial monthly amount owed of $ 755.30. This includes principal, interest, any mortgage insurance and any items checked below: IxJ Property taxes 171 1 Homeowners insurance I Flood insurance 1 II U I 1 I II Owners title insurance Total 1103 Increase between GFE and HUD -1 Charges Charges That Can Change HUD -1 HUD -1 66.00 Initial deposit for your escrow account 4 1001 $ 541.13 Includes Xi Principal X Interest Mortgage Insurance Daily Interest charges 4 901 @$12.8080201day Homeowners insurance 4 903 1 No. I I Yes, your maximum prepayment penally is $ 0.00. The services and lenders title insurance # 1101 I I You do not have a monthly escrow payment for items, such as property taxes and homeowners Insurance. You must pay these items directly yourself. gi You have an additional monthly escrow payment of $ 214.17 that results in a total initial monthly amount owed of $ 755.30. This includes principal, interest, any mortgage insurance and any items checked below: IxJ Property taxes 171 1 Homeowners insurance I Flood insurance 1 II U I 1 I II Owners title insurance # 1103 4 Good Faith Estimate HUD -1 HUD -1 66.00 25.62 91.00 425.00 $ 541.13 Includes Xi Principal X Interest Mortgage Insurance 425.00 60.00 400.00 60.00 25.00 X No. ❑ Yes, the first Increase can be on and the monthly amount owed can dse to $ 0.00. The maximum it can ever rise to is $ 0.00. 25.00 1 No. I I Yes, your maximum prepayment penally is $ 0.00. Does your loan have a balloon payment? I n l No. U Yes, you have a balloon payment of $ 0.00 due in 0 years on Total monthly amount owed including escrow account payments I I You do not have a monthly escrow payment for items, such as property taxes and homeowners Insurance. You must pay these items directly yourself. gi You have an additional monthly escrow payment of $ 214.17 that results in a total initial monthly amount owed of $ 755.30. This includes principal, interest, any mortgage insurance and any items checked below: IxJ Property taxes 171 1 Homeowners insurance I Flood insurance 1 II U I 1 I II 576.00 601.00 $25.00 or 4.3403% Good Faith Estimate HUD -1 1,368.00 642,47 25.62 25.62 Your initial monthly amount owed for principal, interest, and any mortgage insurance is $ 541.13 Includes Xi Principal X Interest Mortgage Insurance 597,00 740.00 400.00 420.00 Even if you make payments on time, can your monthly amount owed for principal, interest, and mortgage insurance rise? X No. ❑ Yes, the first Increase can be on and the monthly amount owed can dse to $ 0.00. The maximum it can ever rise to is $ 0.00. Your Initial loan amount is S 110,000.00 Your loan term is 30 years Your initial interest rate Is 4.2500 % Your initial monthly amount owed for principal, interest, and any mortgage insurance is $ 541.13 Includes Xi Principal X Interest Mortgage Insurance Can your interest rate rise? LXJ No. Yes, it can rise to a maximum of0.0000%. 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 If you make payments on timo, can your loan balance rise? 15-1 No. Yes, it 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? X No. ❑ Yes, the first Increase can be on and the monthly amount owed can dse to $ 0.00. The maximum it can ever rise to is $ 0.00. Does your loan have a prepayment penalty? 1 No. I I Yes, your maximum prepayment penally is $ 0.00. Does your loan have a balloon payment? I n l No. U Yes, you have a balloon payment of $ 0.00 due in 0 years on Total monthly amount owed including escrow account payments I I You do not have a monthly escrow payment for items, such as property taxes and homeowners Insurance. You must pay these items directly yourself. gi You have an additional monthly escrow payment of $ 214.17 that results in a total initial monthly amount owed of $ 755.30. This includes principal, interest, any mortgage insurance and any items checked below: IxJ Property taxes 171 1 Homeowners insurance I Flood insurance 1 II U I 1 I II Terms Note: If you have any questions about the Settlement Charges and Loan listed on this form, p Page 3 Supplemental Page HUD -1 Settlement Statement File No. 605195 First American Title Insurance Company Settlement Statement Lea" No. 1 M 4SYo05 Settlement Date: 52)3012014 Borrower Name & q'tldoaa: First Amer)can Exchange Company, LLC, as qualified INcrmodlary for Tlmolny Maahl end Heather Moehl 1666 Volley Dive, ladled spoils, IN 462(10 - Seller Name & Address: ay o(Camle] thio Civic Squaw, Gamed, IN 46032 rho tolletvtng Section Is restated from Ito Settlement 5ralemanl Fano 1 600. Cash at Settlement toilworn Seller 300. Cast, al Settlement fromPo Borrower 301, Gross amount dud hoer bormnv (line 120) 165,540.69 601. Gross amount due to sallorjlhe 420) 302. Loss 6moi113 paiphyllorborruwer pne 220) 165,540.69 602. Leas reductions In nmounh due seller One 520) 303. Cash( From)I Td) Borrower 603. I have carefully reviewed the 16/0-1 Settlement Statement addle the boll of my knowledge an0 ballet, It Is a Ira and accurate stalamonl0) all receipts and distributions rnadie on my account or Iiy me In this transaction. 1 further surlily that I have received a copy of the HU0.1 SeelernanI.Slalomanl. BUYERS}; T' nolhy Heathor Mdehl Firs American Exchange Company, LLC as Qualified Intermediary for Timothy Moehl and Heather Moehl -G jdi/Lh.4ct the I IUD -I FnrJrpor,t Sialanynl MuchI uo popev,l huImo 6 ncwmc aces(al Ilrh Im,mrcibn. 1 have euaoedoravlll cuum emland;lato dlseucol In xvidannrIhts;Nlemanr First American Title Insurance Company By Soll anuAgenl'. Jester Dale: Myna Supplemental Page HUD -1 Settlement Statement File No. 685195 First American Title Insurance Company Settlement Statement Loan No. Settlement Date: 12/3012014 Borrower Name & Address: First American Exchange Company,LLC, as Qualified Intermediary for Timothy Moohl and Heather Moeht 1866 Valley Drive, Indiana -pis, IN 46280 Seller Name & Address: CID of Carmel Ore Civic Square, Carmel, IN 46032 The following Section Is restated gram the Settlement Statement Pogo 1 300. Cash a1 Settlement fmtnito Borrower 600. Cash at Sonlemont tolfrom Seller 301. Gross amount due from bummer (any 120) 601. Gross amount due to seller(Ilne 420) 146.71100 302. Less moan's paid by/lo' Lansaw; (Poe 220) I 602. Leas reductions In amounts duo solar One 520) 2503742 303. 603. Cash (X To) ( From) Sellar 121,371.50 I have carefully reviewed the HBO -0 Settlement Slaloment and to Iho best oI my snowledge and hellef. It Is a tree and accurate statement of all receipts and disldbutions made on my account or by nia In this transaction. I further codify that 1 have received a copy of the HUD.1 Settlement Statement. SELLER(S): City o arm& o By: Steve Engelktng, Director of • dministration and Authorized Represen Paco 3 Itemization of Title Charges and Government Recording and Transfer Charges 685195File No. First American Title Insurance Company Loan No. 60140601 Settlement Date. 12/30/2014 Property: 10401 & 10403 N Pennsylvania St., Indfanapolls, IN 46280 1 , 5:45 PM 1212/229 912014/2014 Name & Address of Borrower: First American Exchange Company, LLC, as Qualified intermediary tar Timothy Moehl and Heather Mach! 1866 Valley Drive, Indianapolis, IN 46280 Name & Address of Seller: City of Carmel One Civic Square, Carmel, IN 46032 Name & Address of Lender: Centra Credit Union 70 Carr Hill Rd Columbus, IN 47201 1100. Summary of Title Charges Borrower Charges Seller Charges Borrower Charges Seller Charges 1101. Tille Services and Lenders Title Insurance 1202. Recording Fees 740.00 1203. Transfer taxes Title Services Fees 5235.00 a. CPL Fee Borrower/Lender -111 $50.00 1206. record deed 620.00 b. Processing Fee $185.00 1208. sales disc fee 515.00 c. SearchlExam Fee $0.00 1102. Settlement or Closing Fees to FirstAmedcan Title Insurance Company $350.00 a. SeltlemenUClosing Fee $350.00 1103. Owners title insurance - First American Title Insurance Company 420.00 a. Owners Premium $420.00 1104. Lenders tile insurance - First American Title Insurance Company $150.00 a. LRESEND] Residential Endorsement Fee $100.00 b. Mortgage Premium $50.00 1105. Lenders title policy Drill $ 110,000.00 1106. Owners title policy limit $ 145,711.00 1107. Agent's portion of the total title insurance premium $ 0.00 to First American Title Insurance Company 1108. Underwriters portion of total title insurance premium $ 570.00 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. SearoFExam Fee to First American Title Insurance Company 250.00 1112.71 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 91.00 1202. Recording Fees 1203. Transfer taxes 1204. City/county tax/stamps: 1205. State tax/stamps: 1206. record deed 620.00 1207. record mortgage 656.00 1208. sales disc fee 515.00 Page 1