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Home My WebLink AboutHUD Statement 10407/10409 Penn,1111111 ': I�II�I `;: A. eemen- ; Settlement StatementHUD1 ( ) OMB Approval No. 2502-0265 First American Title Insurance Company Settlement Statement B. Type of Loan 1. . Loan Type: Coiv.lining. 6. File Number: 6135201 7. Loan Number: 60140601 8.1 Mortgage Insurance Case Number: C. Note: This form is furnished to give you a stalen-eat of actualsettlement costs. Amounts paid to and by the seNement agent are shown. ljers marked'(POC)' 'tore paid outside this closing; they are shown here for Informational purposes and em not Included in the totals. D. Name & Address of Borrower: First American Exchange Company, LLC, as Qualified Intermediary for Timothy Moehl and Feather 1866 Valley Drive, Indianapolis, IN 46280 Moehl E. Name & Address of Seller: The City of Carmel, Indiana One Civic Square, Carmel, IN 46032 F. Name & Address of Lender: Centra Credit Union 70 Carr Hill Rd Columbus, IN 47201 G. Property Locaa ti ons 10407 and 10409 Pennsylvania St, Indianapolis, IN 46280 \\\ .J -' I. Settleme t Date: 12130/2014 Print Date: 12/29/2014, 5:43 PM Disbursement Date: 12/30/2014 Signing Date: 1213012014 H. Settlement Agent:FirstAmericanTdlelnsuranceCompany (317)816-9988 Address: 40 Executive Drive, Suite A, Carmel, IN 46032 Place of Settlement Address: 40 Executive Drive, Suite A, Carmel, IN 46032 J. Summary of Borrower's Transaction K. Summary of Seller's Tra isaction 100. Gross Amount Duo from Borrower 400. Gross Amount Due to Seller 101. Contract Sales PrIce 146,711.00 401. Contrast sales price 146,711.00 102. Personal property 402. Personal properly 103. Settlement charges to borrower (line 1400) 18,864.87 403. Total Deposits 104. 404. 105. 405. Adjustments for Items paid by seller In advance Adjustments for items paid by seller In advance 106. City/town taxes 406. City/town taxes I 107. County taxes 407. County taxes I 108. Assessments 408. Assessments I 109. 409. 110. 410. 111. 411. 112. 412. 113. 413. I 114. 414. I 115. 415. 120. Gross Amount Due from Borrower 165,575.87 420. Gross Amount Due toiSeiler 146,711.00 200. Amounts Paid by or on Behalf of Borrower 500. Reductions In AmounDue to Seller 201. Deposit or earnest money 14,671.10 501. Excess deposit (see lnstnjcttons) 14,671.10 202. Principal amount of new toans) 110,000.00 502, Settlement charges to sellbr gine 1400) 10,662.32 203. Existing loan(s) taken subject 503. Existing loan(s) taken subject J 204. "Credit Buyer Refund Upfront Fee from Centra Credit Union 425.00 504. Payoff of first mortgage leen 205. Funds from 1031 Exchange 40,479.77 505. Payoff of second mortgage loan 206. 505. I 207. 507. 208. 508. 209. 509. I Adjustments for Items unpaid by seller Adjustments for Items unpaid by seller 210. Cityhown taxes 51D. City/town taxes 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 by/for Borrower 165,575.87 522. Total Reduction Amount Due Seller 25,333.42 300. Cash at Settlement fromlto Borrower 600. Cash at Settlement to/from Seller 301. Gross amount due from borrower (line 120) 165,575.87 601. Gross amount due to seller gine 420) 146,711.00 302. Less amounts paid by/for borrower Oleo 220) 165,575.87 602. Less reductions in amounts due seller (line 520 25,333.42 303. Cash ( From) ( To) Borrower 603. Cash (X To) ( From) S tier 121,377.58 Previous editions are obsolete. ' See Supplemental Page for details. " Paid on Behalf of Borrower. PCC -B (Borrower); POC -S (Seller); PO -L (Lender); POC -MB The Public Reporting Burden for this collection of Information is estimated at 35 minutes per response for collecting, reviewin , and reporting the Information, and you ore not required to complete this form, unless It displays a currently valid OMB control number. No confidentieli y Is assured; this disclosure provide the parties to a RESPA covered transaction with information during the settlement process. (Mortgage Broker). data, This agency may not collect this is mandatory. This is designed to Pape 1 File No. 685201 L. Settlement Charges 700. Total Real Estate Broker Fees $10,269.78 Paid From alFr Funds at Settlement Division of commission (line 700) as follows: Paid From Borrower's 701. $5,134.89 to Caldwell Banker Kaiser Funds 702. $5,134.89 to Keller Williams RE at Settlement 703. Commission paid at settlement 10,269.76 704. 705. 706. 600. Items Payable In Connection with Loan 801 Our origination charge $500.00 (from GFE it 602. Your credit or charge (points) for the specific interest rate chosen $1,237.50 (from GFE p2) 803. Your adjusted origination charges to Centre Credit Union (from GFE A)' 1,737.50 804. Appraisal fee to Gcf(rey Lady (from GFE 11:) 425.0D 805. Credit report to Settlement Ono (from GFE/IC 41.90 806. Tax service to Centre Credit Union (from GFE 9: 60.00 807. Flood certification to Floodplain Consultants (frcm GFE 113) 25.00 808. (from GFE 113 809. (from GFE i;3 810. (from GFE 93 811. (Iron GFE ill 900. Items Required by Lender to Be Paid In Advance 901. Daily interest charges from 12/30/14 to 01/01/15 @$12.808200/day to Centra Credit Union (from GFE U 0) 25.62 902. (from GFE tic I 903 Homeowners Insurance (from GEE it' i) 904. 905. I 906. I I 1000. Reserves Deposited with Lender I 1001. Initial deposit for your escrow account (from GFE ii9 648,75 1002. Homeowner's insurance 3 mo(s) @$9D.83/mo $272.49 1003. Mortgage Insurance I 1004. Properly taxes 3 mo(s) @$125.421mo $376.26 I I 1005. 1006. 1007. Aggregate Adjustment $0.00 I 0.00 1100. Title Charges 1101. Title services and lenders title insurance (from GFE I!<) 735.00 1102. Settlement or closing fee $350.00 I to First American Title Insurance Company - F 1103. Owner's tido Insurance - First American Title Insurance Company (from GFE it °) 42000 1104. Lender's tills Insurance - First Amorican Title Insurance Company $15000 I 1105. Lender's title policy limit $ 110,000.00 1108. 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 I 1109. CPL Fee Seller - IN to First American Title insurance Company 25.00 1110. Processing Fee to First American Title Insurance Company I I 100.00 1111. Search/Exam Fee to First American Title Insurance Company I 250.00 1112. TI Enforcement Fund - OP to First American Title Insurance Company I 5.00 1200. Government Recording and Transfer Charges I 1201. Government recording charges (from GFE /fig 75.00 1202. Recording fees: 1203. Transfer taxes Brom GEE 110 1204. City/county tax/stamps: 1205. Slate tax/stamps: 1206. Record Deed $20.00 I 1207. Record Mortgage $40.00 I 1208. Sales Dlsclosuer Fee $15.00 I 1209. 1210. 1300. Additional Settlement C harges I 1301. Required services that you can shop for (from GFE it65 1302. current bill to Clay Township Regional Waste 627 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. I 1308. I 1309. t 1400. Total Settlement Charges (enter on lines 103, Section d and 502, Section K) 18,864.87 10,662.32 'See Supplemental Page for details. "Paid on Behalf of Borrower. P00 -B (Borrower); POC -S (Seller); PUC -L (Lender); POO -MB (Mortgage Broker). 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 # 802 ' Your adjusted origination charges S 803 Transfer taxes # 1203 File No. 685201 Good Faith Estimate HUD -1 500.001 500.00 1,237.501 1,237.50 1,737.50 1,737.50 0.001 Charges Thal fn Total Cannot Increase More Than 10% Estimate Government recording charges # 1201 Appraisal fee 4 604 Credit report 4 805 Tax service # 806 Flood certification # 807 Homeowneds insurance 4 903 41.90 Title services and lender's title insurance # 1 101 60.00 Owners life Insurance Total 1103 Increase between GFE and HUD -1 Charges Charges That Can Change Estimate HUD -1 HUD -1 Initial deposit for your escrow account 4 1001 75.00 Daily interest charges # 901 @$12.808200/day Homeowneds insurance 4 903 41.90 Title services and lender's title insurance # 1 101 60.00 Owners life Insurance # 1103 25.00 Even if you make payments on time, can your monthly amount owed for principal, interest, and mortgage insurance rise? # and the monthly mount Good Faith Estimate HUD -1 HUD -1 1,100.001 66.00 I 75.00 25.62 425.00 425.00 Your initial monthly amount owed for principal, interest, and any mortgage insurance is 45.00 735.00 41.90 400.00 60.00 0.0000%. the firs ase by 0.00000%. be lower than 0.00 60.00 Even if you make payments on time, can your loan balance rise? 25.00 1$. 25.00 Even if you make payments on time, can your monthly amount owed for principal, interest, and mortgage insurance rise? X No, 1 Yes, the first increase can be • o•.ved can rise to $ 0.00. The maximum it can ever rise to is $ 0.00. and the monthly mount Does your loan have a prepayment penalty? 1X1 No. { 1 Yes, your maximum prepayme t penally is$0.00. Does your loan have a balloon payment? X No. 1 I Yes, you have a balloon payment 0 years on of $ 0.00 due in Total monthly amount owed including escrow account payments fl You do not have a monthly escrow payment homeowners insurance. You must pay these Items X1 You have an additional monthly escrow payment total initial monthly amount owed of $ 757.38. This includes any mortgage insurance and any items checked below: IX; Property taxes Flood insurance 1 ❑ I1 or items, such as property iredly yourself. of $ 216.25 tha principal, interest, X Flom u LI I I taxes and results in a vmers insurance 621.001 626.90 $5.90 or 0.9501% Good Faith Estimate HUD -1 1,100.001 648,75 25.62 25.62 4.2500 % Your initial monthly amount owed for principal, interest, and any mortgage insurance is 597.00 735.00 400.00 420.00 0.0000%. the firs ase by 0.00000%. be lower than 0.00 change will Over the life 0% or higher Even if you make payments on time, can your loan balance rise? Your initial loan amount is 5110,000.00 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 � 1 principal Interest 1 1 Mortgage Insurance Can your interest rate rise? X No. ❑ Yes, it can rise to a maximum .f be on and can change again every after. Every change dale, your interest rate can increase or deer of the loan, your interest rate is guaranteed to never than 0.0000%. 0.0000%. the firs ase by 0.00000%. be lower than 0.00 change will Over the life 0% or higher Even if you make payments on time, can your loan balance rise? 1X1 No. Yes, it can rise to a maximum 1$. Even if you make payments on time, can your monthly amount owed for principal, interest, and mortgage insurance rise? X No, 1 Yes, the first increase can be • o•.ved can rise to $ 0.00. The maximum it can ever rise to is $ 0.00. and the monthly mount Does your loan have a prepayment penalty? 1X1 No. { 1 Yes, your maximum prepayme t penally is$0.00. Does your loan have a balloon payment? X No. 1 I Yes, you have a balloon payment 0 years on of $ 0.00 due in Total monthly amount owed including escrow account payments fl You do not have a monthly escrow payment homeowners insurance. You must pay these Items X1 You have an additional monthly escrow payment total initial monthly amount owed of $ 757.38. This includes any mortgage insurance and any items checked below: IX; Property taxes Flood insurance 1 ❑ I1 or items, such as property iredly yourself. of $ 216.25 tha principal, interest, X Flom u LI I I taxes and results in a vmers insurance Tform Note: If you have any questions about the Settlement Charges and Loan erms listed on this , please contact our lender Page 3 II Supplemental Page HUD -1 Settlement Statement Filo No, 695201 First American Title Insurance Company Settlement Statement Loan No. 60140501 Selllamon 12130120(14 Cath: Dorrowor Noma & AYldraee: First Amarican Exchange Company, LLC, no Qualilled Inlermodlary for Timothy Muhl 1090 Valley Drive, Inalanapolla, IN 40200 :nd Hoather MoMit Sailor Name s Addrh°s: The Clly al Carmel, Indiana Cno Civic Square, Cnlrnal, IN 40032 i' Tho following Soclidh Is resisted from the Seidman! Statorrteni Page 1 G00. Cash at Settlement to/iramisoller 300, Cash et SelFhnidnl lvonylo Dorrowor 301. Cross amount due.tmm borrower (line 120] 165,575.07 165,57501 001. Gran mnolml dna to salter (tae 420) 6172. Lose redailons In amounts auo safer (tlne 5701 146,711,0U 20,333 42 Less amounts pad *tot bonus r (ono 220) 30'1. i 303. Cash ( From) (To) [knower 503. Cash (X To) ( From) Seller 121,377.55 Hine carulally ravlewed the 111101 Settlement Stalemanl and to the hast of my knovdedge and huller, it Is a trues d neural° sltloman! dulrYoulnuas mode ou my aumun% orby melnTlils lransaelen.11usiner coINrylndr'inavu mcrivice a uopy otYnat u'l'seihment Vial BUYER(S)! r al all receipts and loom. t Moehl m16101s smlonanl 2 o7 [/ -timothy Mva I -timothy \ e �. 1.5.2.41tr ' Inns erican Exchange as Qualified InCerinediary and Elea Cher Moehl marl or tine Runnel%on. thaw amused or yllk sours Iia Ion Company, LLC for Tleloitly o to Us dlsbunvi In occerdant° Gather Moehl The 110.16ell mp ni Slalmranl aMdJi I have prepared Is a Yue & accumin First AmetIcan Title Insurance errrpal Oy SolllenaavMgonf. Jermlwr Dunn, 1 Po90 4 Supplemental Page HUD -1 Settlement Statement Fila No. 685201 First American Title Insurance Company Settlement Statement Loan No. Sottlemont Date: 12/3012014 Borrower Name & Address: First American Exchange Company, LW, as Qualified Intermediary for Timothy Moehl and H 1656 Valley Drive, Indianapolis, IN 46280 ether Moehl Seller Name & Address: The City of Carmel, Indiana • One Civic Square, Cannel, IN 46032 The folio ng Section Is restated from the Settlement Statement Pagel I 300. Cash at Settlement fromlto Borrower 600. Cash at Sedlemenitonram Seller) I 30 Gross amount due tram bonaeer(ene 120) 601. Gross amount duo to seGor(Fne 420) II 146.111.00 302. Less a mounts paid brttor boo war (line 220) 602. lass redudbns In amoums due set erline 520) IJ_ 25,33742 307, 603. Cash (X To)( From) Seller ! I 121.317.58 I have carefully reviewed the HUD.1 Sottlemanl Statement and to the best el my knonindge and ballet, II Is a true and as distributions made on my account or by me In this transaction I further cedify that I have received a copy of the HUD.1 SELLER(S): The Cof Cannel, Indiana By: Stove Engel IN, Director Administration and Authorized Represen urate statement of all receipts and ailment Statement. Itemization of Title Charges and Government Recording and Transfer Charges File No, 685201 First American Title Insurance Company ooan No, 00140601 Settlement Date. 2/30/2014 Property: 10407 and 10409 Pennsylvania St, Indianapolis, IN 46280 Tint 0 712 91 2 2 0 1 14 4, 5:48 PM Name & Address of Borrower: First American Exchange Company, LLC, as Qualified Intermediary for Timothy Moehl and Heather Moehl 1866 Valley Drive, Indianapolis, IN 46280 Name & Address of Seller: One Civic Square, Carme The City of Carmel, Indiana , 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. Title Services and Lenders Title Insurance 1202. Recording Fees - 735.00 Title Services Fees $23500 1204. City/county tax/stamps: a. CPL Fee Borrower/Lender- IN $50.00 1205. State lax/stamps: b. Processing Fee $185.00 1207. Record Mortgage $40.00 c. TI Enforcement Fund - OP $0.00 1208. Sales Disctosuer Fee $15.00 1102. Settlement or Closing Fees to First American Title Insurance Company $350.00 a. Settlement/Closing Fee $350.00 1103. Owner's title insurance - First American Title Insurance Company 420.00 a. Owners Premium $420.00 1104. Lender's title Insurance- First American Title Insurance Company $150.00 a. LRESEND) Residential Endorsement Fee $100.00 b. Mortgage Premium $50.00 1105. Lender's title policy limit $ 110,000.00 1106. Owners 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. Underwriter's portion of total title insurance premium $ 570.00 to First American Title Insurance Company 1109. CPL Fee Seller- IN to First American Tile Insurance Company 25.00 1110, Processing Fee to First American Title Insurance Company 100.00 1111. SearolVExam Fee to First American Title Insurance Company 250.00 1112. 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 75.00 1202. Recording Fees 1203. Transfer taxes 1204. City/county tax/stamps: 1205. State lax/stamps: 1206. Record Deed $20.00 1207. Record Mortgage $40.00 1208. Sales Disctosuer Fee $15.00 Page 1