Below, are sections from the 2nd page of a settlement statement for a $90,000 home. Our comments are in italics.
As on the first page, the second page assigns settlement charges to the Buyer/Borrower on the left, and to the Seller on the right. Totals from Buyer/Borrower's column and Seller's column are carried to the first page as "Settlement Charges to the Borrower" and "Settlement Charges to Seller."
 Real estate commissions, listed at the top of the page, are normally charged to the Seller. In this case, the Seller did Not use a real estate agent, so the charge is zero.
| Total Sales / Broker's Commission |
Paid From Borrower's Funds |
Paid From Seller's Funds |
| Commission paid at Settlement |
|
$ 0 |
The second group of charges relate to the cost of processing a mortgage, new or assumed. These charges are assigned to the Borrower or the Seller based on what was agreed in the Sales Contract. In this case the Seller agreed to pay for the Buyer/Borrower's mortgage costs so $900 for loan origination fees, $250 for an appraisal fee, and $420 for underwriting fees are entered on the Seller's side.
| Items Payable in Connection With Loan |
| |
Paid by Borrower |
Paid by Seller |
| Loan origination Fee |
$ |
$ 900 |
| Appraisal Fee |
$ |
$ 250 |
| Lender's Inspection Fee |
$ |
$ |
| Assumption Fee |
$ |
$ |
| Underwriting Fees |
$ |
$ 420 |
Items the mortgage lender requires to be paid in advance are grouped next. These are usually charges to the Borrower.
| Items Required by Lender to be Paid in Advance |
| |
Paid by Borrower |
Paid by Seller |
| Interest |
$ 25 |
$ |
| Mortgage Insurance Premium |
$ 0 |
$ |
| Hazard Insurance Premium |
$ 300 |
$ |
The final group of mortgage related charges are the reserves deposited with the mortgage lender to set up an escrow account. Funds in the escrow account are used by the lender to pay things such as property taxes for the Borrower / Buyer. They are charged to the Borrower.
| Reserves Deposited With Lender |
| |
Paid by Borrower |
Paid by Seller |
| Hazard Insurance |
$ 60 |
$ |
| Mortgage Insurance |
$ 0 |
$ |
| Property Tax |
$ 468 |
$ |
| Annual Assessments |
$ |
$ |
Fees to establish and guarantee the legitimacy of the title are grouped and assigned to Borrower and Seller based on agreements in the sales contract.
| Title Charges |
| |
Paid by Borrower |
Paid by Seller |
| Title Search |
$ |
$ 150 |
| Title Insurance |
$ |
$ 295 |
| Document Preparation |
$ |
$ 125 |
| Notary Fees |
$ |
$ |
| Attorney Fees |
$ |
$ 250 |
 Government recording and transfer charges are grouped near the bottom of the page.
| Government |
| |
Paid by Borrower |
Paid by Seller |
| Recording Fees |
$ |
$ 25 |
| Tax & Stamps |
$ |
$ 50 |
The last group of charges is a miscellaneous category.
| Additional Settlement Charges |
| |
Paid by Borrower |
Paid by Seller |
| Survey |
$ |
$ |
| Pest Inspection |
$ 125 |
$ |
| Courier Service |
$ |
$ 35 |
| Total Settlement Charges (enter here and on First page) |
$ 978 |
$ 2,500 |
| |
Paid From Borrower's Funds |
Paid From Seller's Funds |
|
