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Sections 900-1008
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Fields in view Enter/Edit information Calculations Modules |
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Entering/Editing information on the HUD
- Enter the file number of the HUD if you have not done so already.
- Proceed through the form by entering party information, text descriptions, calculation boxes and dollar values where necessary.
- Pressing TAB at the end of a page will send you to the next tab. To move to the next section, click the Next Page button at the top of the screen.
- Click the Save button to save the form.
- Place the cursor in the field you want to edit.
- Highlight the existing information and hit the delete key on the keyboard. Enter the new description or amount.
- TAB through the field and the remaining line items to ensure all updates are completed (* to clear out an entire section of the HUD, click the Clear All button located at the top of the form view).
- To save information at any time to the HUD, click the Save button located at the top of the form view.
Calculations Calculation: Line L901
This line calculates the amount of mortgage insurance premiums to be paid in advance. When you click on the calculation box for this field, the calculation for line 202 will first appear. This is because you will need the principal amount, APR, and term of loan information to determine a per diem rate for line 901. To manual enter the information simply enter the dates and the known per diem fee which is the coverage period and amount for the mortgage premium.
| Field Name | Field Size | Field Description |
|---|---|---|
| Days in calendar year | 3 characters | Days in calendar year | From date choice | Pick proper choice | Load disbursal date, settlement date, other date |
| From date | mm/dd/yyyy | Date which defines the start of the period |
| To date | mm/dd/yyyy | Date which defines the end of the period |
| Days in period | 12 Integer | Number of days in the period |
| Per diem fee | 12.2 Numeric | Daily interest charge |
| Total Amount | 12.2 Numeric | Total interest charge |
Calculation: Lines L1001-1008
This calculation description is a generic one for lines L1001-1008. The months and @ amounts described here are located on each line item.
(TOP) ModulesSections 900-1008 Fields
| Field | Size | Description |
|---|---|---|
| L901 Interest From | mm/dd/yyyy | Date |
| L901 Interest To | mm/dd/yyyy | Date |
| L901 Interest Per diem | 12.4 (Numeric) | Monetary Value |
| L901 Borrower's Total | 12.2 (Numeric) | Monetary Value |
| L901 Seller's Total | 12.2 (Numeric) | Monetary Value |
| L902 Months | 4 (Numeric) | Numeric |
| L902 Description | 30 ( Any character) | Description |
| L902 Borrower's Total | 12.2 Numeric | Monetary Value |
| L902 Seller's Total | 12.2 (Numeric) | Monetary Value |
| L903 Years | 4 (Numeric) | Numeric |
| L903 Description | 30 ( Any character) | Description |
| L903 Borrower's Total | 12.2 (Numeric) | Monetary Value |
| L903 Seller's Total | 12.2 (Numeric) | Monetary Value |
| L904 Years | 4 ( Numeric) | Numeric |
| L904 Description | 30 (Any character) | Description |
| L904 Borrower's Total | 12.2 (Numeric) | Monetary Value |
| L904 Seller's Total | 12.2 (Numeric) | Monetary Value |
| L905 Description | 30 | Description |
| L905 Description | 50 | Description |
| L905 Borrower's Total | 12.2 (Numeric) | Monetary Value |
| L905 Seller's Total | 12.2 (Numeric) | Monetary Value |
| L1001 Hazard Insurance | 4(Numeric) | Numeric |
| L1001 Total Per Month | 12.2 (Numeric) | Monetary Value |
| L1001 Borrower's Total | 12.2 (Numeric) | Monetary Value |
| L1001 Seller's Total | 12.2 (Numeric) | Monetary Value |
| L1002 Mortgage Insurance | 4(Numeric) | Numeric |
| L1002 Total Per Month | 12.2 (Numeric) | Monetary Value |
| L1002 Borrower's Total | 12.2 (Numeric) | Monetary Value |
| L1002 Seller's Total | 12.2 (Numeric) | Monetary Value |
| L1003 City Property Tax | 4(Numeric) | Monetary Value |
| L1003 Total Per Month | 12.2 (Numeric) | Monetary Value |
| L1003 Borrower's Total | 12.2 (Numeric) | Monetary Value |
| L1003 Seller's Total | 12.2 (Numeric) | Monetary Value |
| L1004 County Property Tax | 4(Numeric) | Numeric |
| L1004 Total Per Month | 12.2 (Numeric) | Monetary Value |
| Borrower's Total | 12.2 (Numeric) | Monetary Value |
| Seller's Total | 12.2 (Numeric) | Monetary Value |
| L1005 Annual Assessments | 4(Numeric) | Numeric |
| L1005 Total per Month | 12.2 (Numeric) | Monetary Value |
| L1005 Borrower's Total | 12.2 (Numeric) | Monetary Value |
| L1005 Seller's Total | 12.2 (Numeric) | Monetary Value |
| L1006 Description of Fee | 25 (Any character) | Description |
| L1006 Total | 12.2 (Numeric) | Monetary Value |
| L1007 Description of Fee | 25 Any character | Description |
| L1007 Months Charged for | 4(Numeric) | Monetary Value |
| L1007 Fee per Month | 12.2 (Numeric) | Monetary Value |
| L1007 Borrower's Total | 12.2 (Numeric) | Monetary Value |
| L1007 Seller's Total | 12.2 (Numeric) | Monetary Value |
| L1008 Description of Fee | 25 (Any character) | Description |
| L1008 Months Charged for | 4(Numeric) | Numeric |
| L1008 Fee per Month | 12.2 (Numeric) | Monetary Value |
| L1008 Borrower's Total | 12.2 (Numeric) | Monetary Value |
| L1008 Seller's Total | 12.2 (Numeric) | Monetary Value |
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