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Home My WebLink AboutHUD Statement 870 Enclave1 lll�lg2i. A. Settlement Statement (HUD 1) First American Title Insurance Company Settlement Statement B. Type of Loan 1.5. Loan Type: Conv.Unins. 6. File Number: 685133 7. Loan Number: 9718615 8. Mortgage Insurance Case Number: C. Note: This form is furnished to give you a statement of actual solllomenl costs. Amounts paid to and by tho selilomenl agent are shown. Items mar:<ed'(P00)' were paid outside thisclosing; They are shown here for Informational purposes and are not Included M the totals. D. Name & Address of Borrower: Anna May McQuitty; Steve C Deen; Jerilyn A McQuitly 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, Sudo 1700 Indianapolis, IN 46240/ G. Property Location:1870 Cir, Carmel, IN 46032 H. Settlement Agent: First American Title Insurance Company (317)816-9988 Address: 40 Executive Drive, Suite A, Carmel, IN 46032 L Settlement Date: 12/15/2014 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 Duo from Borrower 400. Gross Amount Due to Seller 101. Contract Sales Price 172,000.00 401. Contract sales price 172,000.00 102. Personal property 402. Personal property 103. Settlement charges to 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. Ciiyllown taxes 406. Cily/town taxes 107. County loxes 407. County taxes 108. Assessments 408. Assessments 109. Association Dues 12115/141012/31/14 ©5469.64/g0 82.35 409. Association Dues 12/15/14 to 12/31/14 rd3469.64/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 17,200.00 501. Excess deposit (see Instructions) 17,200.00 202. Principal amount of new loan(s) 137,600.00 502. Settlement charges to seller (line 1400) 12,420.00 203. Existing loan(s) taken sullied 503. Existing loan(s) taken subject 204. 504. Payoff of first mortgage loan 205. 505. Payoff of second mortgage loan 206. 506. 217 507. 208. 500. 209. 509. Adjustments for items unpaid by seller Adjustments for items unpaid by seller 210. Cityttown taxes 510. CityAown faxes 211. County taxes 511. County taxes 212. Assessments 512. Assessments 213. 513. 214. 514. 215. 515. 216. 516. 217. 517. 218. 518. 219. 519. 220. Total Paid bylfor Borrower 154,800.00 520. Total Reduction Amount Due Seller 29,620.00 300. Cash at Settlement from/to Borrower 600. Cash at Settlement to/from Seller 301. Gross amount due Iron borrower (lino 120) 176,156.75 601. Gross amount due to seller (line 420) 172,082.35 302. Less amounts paid by/ler 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 a To) ( From) Seller 142,462.35 Previous editions are obsolete. ' See Supplemental Page for details. "Paid on Behalf of Borrower. POC -6 (Borrower); POC -S (Seller); POLL (Lender); POC -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 cdlect 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 L. Settlement Charges PICIIU. UVJ POO 700. Total Real Estate Broker Fees $12,040.00 Paid BaiFrom Funds at Settlement Fr Paid ald o m aId Fro Funds at Settlement Division of commission (ane 700) as follows: 701. $6,020.00 to Cold•well Banker Kaiser 702. $6,020.00 to ReMax Ability Plus 703. Commission paid at settlement 12,040.00 704. 705. 706. 800. Items Payable in Connection with Loan 801. Our origination charge $1,399.00 (from GFE 41) B02. Your credit or charge (points) for the specific interest rale chosen 42,763.01 (from GFE 42) 803. Your adjusted origination charges to First Internet Bank of Indiana (from GFE A) -1,364.01 804. Appraisal fee to Streellnks Lender Solutions (from GFE 43) POC.0 $405.00 805. Credit report to CSC Credit Services (from GFE #3) 26.95 806. Tax service (from GFE 43) 807. Flood certification to Coretogic FLood Services (from GFE 43) 13.00 608. Appraisal Inspection to Slreetlinks (from GFE #3) POC -9 3165.00 609. (from GFE 43) 810. (from GFE 43) 811. (from GFE 43) 900. Items Required by Lender to Be Paid in Advance 901. Daily interest charges from 12/15/14 to 01/01/15 @$16.720000/day to First Internet Bank of Indiana (from GFE 410) 284.24 902. (from GFE #3) 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 (from GFE 49) 437.00 1002. Homeowner's insurance 2 mo(s) @$75.17/mo 5150.34 1003. Mortgage insurance 1004. Property taxes 5 rrw(s) @$143.331mo $716.65 1005. 1006. 1007. Aggregate Adjustment 4429.99 1100. Title Charges 1101. Title services and lender's title insurance (from GFE 44) 690.00 1102. Settlement or closing lee $350.00 to First American The Insurance Company 1103. Owner's title insurance - First American Tile Insurance Company (from GFE 45) 432.00 1104, Lender's title Insurance - First American Title Insurance Company $100.00 1105. Lender's title poky Emil $ 137,600.00 1106. Owners title poficy Emil $ 172,000.00 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 $ 532.00 to First American TiUe Insurance Company 1109. CPL Fee Seller- IN to First American The Insurance Company 25.00 1110. Processing Fee to First American Title Insurance Company 100.00 1111. SearchlExam Fee to First American Title 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 $0.00 Mortgage 554.00 Release $0.00 1203. Transfer taxes (from GFE 48) 1204. Cllylcounty tax/stamps: 1205. Slate tax/stamps: 1206. record deed 520.00 1207, sales disc fee 515.00 1208. 1209. 1210. 1300. Additional Settlement Charges 1301. Required services that you can shop for (from GFE 116) 1302. 2015 1st Olr Maintenance fee to Enclave Of Carmel HOA 469.64 1303. 2015 Special Assessment to Enclave Of Carmel HOA 1,999.58 1304. Codification Fee to Kirkpatrick Management Co Inc Agent 95.00 1305. 1306. 1307. 1308. 309. i 1400. Total Settlement Charges (enter on lines 103, Section J and 502, Section K) 4,074.40 12,420.00 ' See Supplemental Page for details. " Pa ld on Behalf of Borro•,ver. rrower); POC -S (Seller); POvL (Lender); POC -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 ft 801 Your credit) charge (points) for the specific interest rale chosen if 802 Your adjusted origination charges It 803 Transfer taxes I! 1203 Fiie No. 685133 Good Faith Estimate HUD -1 1,399.00 1,399.00 -2,763,01 -2.763.01 -1,364.01 -1,364.01 0.00 Charges That in Total Cannot Increase More Than 10% 1-1U0-1 Government recording charges # 1201 Appraisal fee # 804 Credit report # 805 Flood certification # 807 Appraisal Inspection # 808 Homeowners Insurance if 903 175.90 Title services and lenders title insurance # 1101 Total Owners title insurance Increase between GFE and HUD -1 Charges Charges That Can Change 1-1U0-1 HUD -1 100.00 Initial deposit for your escrow account # 1001 902.00 Daily interest charges # 901 016,720000/day Homeowners Insurance if 903 175.90 Title services and lenders title insurance # 1101 You do not have a monthly escrow payment tor items, such homeowners insurance. You must pay these items directly yourself. X You have an additional monthly escrow payment of $ 218.50 total initial monthly amount owed of $ 905.52. This Includes principal, any mortgage insurance and any items checked below. X Property taxes X Flood insurance 11 11 71 Owners title insurance it 1103 # 739.95 Loan Terms Goad Faith Estimate 1-1U0-1 HUD -1 100.00 284.24 89.00 425.00 902.00 405.00 26.95 570.00 26.95 13.00 1 X1 No. 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 is $ 0.00. 13.00 175.90 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 tor items, such homeowners insurance. You must pay these items directly yourself. X You have an additional monthly escrow payment of $ 218.50 total initial monthly amount owed of $ 905.52. This Includes principal, any mortgage insurance and any items checked below. X Property taxes X Flood insurance 11 11 71 as property taxes and that results in a interest, Homeowners insurance 739.95 698.95 -$41.00 or -5.5409% Good Faith Estimate 1-1U0-1 587.01 437.00 284.24 284.24 800.00 902.00 887.50 690.00 570.00 432.00 Even if you make payments on time, can your monthly amount owed for principal, interest, and mortgage insurance rise? 1 X1 No. 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 is $ 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 $ 587.02 includes X Principal X Interest Mortgage Insurance Can your interest rate rise? I X No. 1 1 Yes, it can rise to a maximum of 0.0000%. The first change will be on and can change again every after. Every change date, 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%. Evan if you make payments on time, can your loan balance rise? X 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? 1 X1 No. 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 is $ 0.00. Does your loan have a prepayment penalty? p1 No. D Yes, your maximum prepayment penalty Is $ 0.00, Does your loan have a balloon payment? 15d No. I I Yes, you have a balloon payment of $ 0.00 due in 0 years on , Total monthly amount owed including escrow account payments You do not have a monthly escrow payment tor items, such homeowners insurance. You must pay these items directly yourself. X You have an additional monthly escrow payment of $ 218.50 total initial monthly amount owed of $ 905.52. This Includes principal, any mortgage insurance and any items checked below. X Property taxes X Flood insurance 11 11 71 as property taxes and that results in a interest, Homeowners insurance 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: 1221512014 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 Setters Funds et Settlement 1100. Supplemental Summary $10.00 303. Cash (X From) ( To) Borrower 21,356.75 1112. TI Enforcement Fund - MP to First American Title Insurance 55.00 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 fromlto Borrower 600. Cash at Settlement tolfrom 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 pald bylfor borrower (line 220) 154,800.00 602.'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 offarmel y: Steve Enging, Dir&'ctor of Administration The HUD -1 Setremenl Statement which: have prepared is a true & accurate account of this transaction. 1 have caused or will cause the lands to be disbursed in accordance with this statement. First American Title Insurance Company By Seltleme t g?� ent Jennifer Dunlap Date: /2/ CA 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. 12/15/2014 Property: 870 Enclave Cir, Carmel, IN 46032 Print tate. 12/15/2014, 9:58 AM Name & Address of Borrower: Anna May McQuilly; Steve G Deen; Jerilyn A McQuitty 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 354.00 Release $0.00 690.00 1203, Transfer taxes Title Services Fees 3235.00 a. CPL Fee Buyer/Lender- IN 350.00 1206. record deed 320.00 b. Processing Fee $185.00 c. Search/Exam Fee $0.00 d. TI Enforcement Fund - OP 30.00 1102.Settlement or Closing Fees to First American Tide Insurance Company $35000 a. Settlement/Closing Fee 3350.00 1103. Owners title insurance - First American Title Insurance Company 432.00 a. Owners Premum $432.00 1104. Lenders title insurance -First American Title Insurance Company $100.00 a. [ALTA 6.1-06 ] Environmental Protection Lien 325.00 b. [ALTA 9-06 ] Restrictions, Encroachments 8 Minerals 325.00 c. Mortgage Premium $50.00 1105. Lenders title policy limit $ 137,600.00 1105. Owner's title policy limit $ 172,000.00 1107. Agent's portion of the total title insurance premium $ 0.00 to First Amedcan Tllle Insurance Company 1108. Underwriter's portion of total title insurance premium $ 532.00 to First American Title Insurance Company 1109. GPL Fee Seller - IN to First American Title Insurance Company 25.00 1110. Processing Fee to First American Title Insurance Company 100.00 1111. SearchlExam Fee to First American Title Insurance Company 250.00 1112. TI Enforcement Fund - MP to First American Title Insurance Company 35.00 1113. TI Enforcement Fund - OP to First American Title Insurance Comp 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 354.00 Release $0.00 1203, Transfer taxes 1204. Citylcounty tax/stamps: 1205, State tax/stamps: 1206. record deed 320.00 1207. sales disc fee $15.00 Papp 1