What is the HUD-1 (Hud settlement statement) and When is it Used?

On page 2 of the HUD  settlement statement are all your closing fees.  

On page 2 it lists the loan origination fee, the loan discount fee, the appraisal fee, credit report fee, processing fee, lender loan charge fee, tax service fee, underwriting fee, flood certification fee, mortgage broker fee,  prepaid interest, MIP, Hazard Insurance, escrows, all the title fees, government recording and transfer fees, survey and pest inspection fee. They total all your fees up at the bottom of page 2.  Not all of these fees are charged on every loan.  Closing costs vary from lender to lender because of the situation and bank charges.

Then the summary of taxes owed, loan payoffs, new loans, and amount of closing costs are done on page one.  Page 1 gives you the summary of what you need to bring to the closing and page 2 is the breakdown of your closing costs.  Fees associated with the transaction but paid prior to closing are also included on the HUD. They are normally marked "POC," for Paid Outside of Closing.