Hud 1

HUD-1 is a standard form that closing agents give to mortgage loan borrowers on the date the real estate purchase closes, detailing all the costs associated with the closing.  These costs include not only those arising from the loan itself, but others such as escrow fees, real estate agent commissions, homeowners' insurance, and transfer taxes. For transactions in which there is a borrower but no seller, such as refinancing loans, the closing attorney is permitted to use the borrower's side of the HUD-1 form.