HUD Break Out


So, how does a basic HUD break out the costs? Here is a typical example when using a Realtor® for a Real Estate Transaction. You might be surprised at how the numbers work.

Notes
Buyer Costs
Seller Costs
This is the purchase price of the home.
$100,000.00
$100,000.00
Closing Costs Buyer/Seller
$4,500.00
($2,000.00)
Buyer Prepaid (property tax & insurance)
$1,100.00
Buyers Down Payment (3%)
($3,000.00)
Real Estate Commission (6%)
($6,000.00)
Seller Mortgage to be paid off (we’ll just make up a number) ($65,000.00)
Amount of Buyers Loan ($97,000.00)
Funds due from Buyer

Funds due to Seller

$5,600.00
$27,000.00

So how does this same Transaction look WITHOUT a Realtor®?

Notes
Buyer Costs
Seller Costs
This is the purchase price of the home.
$100,000.00
$100,000.00
Closing Costs Buyer/Seller
$4,500.00
($2,000.00)
Buyer Prepaid (property tax & insurance)
$1,100.00
Buyers Down Payment (3%)
($3,000.00)
Buyers Closing costs paid by seller.
($5,600.00)
($5,600.00)
Seller Mortgage to be paid off (we’ll use the same number from above)
($65,000.00)
Amount of Buyers Loan ($97,000.00)
Funds due from Buyer

Funds due to Seller

$0.00
$27,400.00

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