This part of the information provides an item-by-item discussion of possible settlement services that may be required and for which you may be charged. It also provides a sample of the HUD-1 Settlement Statement form, and worksheets which you may find handy for comparing costs from different service providers.

Section A through I of the HUD-1 Settlement Statement contain information concerning the loan and parties to the settlement. Section J and K contain a summary of all funds transferred between the borrower, seller, lender, and providers of settlement services. The bottom line in the left-hand column shows the net cash to be paid by the borrower, while the bottom line in the right-hand column shows the cash due the seller.

Section L is a list of settlement charges that may be required and for which you may be charged. Blank lines are provided for any additional settlement charges.

You would add up the costs entered on the lines of Section L, and carry them forward to Section J and K, in order to arrive at the net cash figures on the bottom lines of the left and right columns.

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