200)         Existing loan(s) taken subject to:

This line is not used in typical loan closings.  It is an exception type line item. 

204 –209)            Extra blank lines for usual items unique to a loan closing only.

            Adjustments for items unpaid by seller:

210)         City/town taxes _________ to __________

The amount of real estate taxes due from the closing date to t he end of the tax year is shown on this line.  It is the amount the borrower is responsible for.

211)         County taxes __________ to ___________

If there are county real estate taxes, they are shown on this line.

212)         Assessments __________ to ___________

If there are assessments due, they are shown on this line.

213-219)  Extra blank lines for unusual items unique to a loan closing only.

220)          Total Paid By/For Borrower

      The total of lines 201 through 219 is shown on this line.

300)      Cash At Settlement From/To Borrower

301)      Gross Amount due from borrower (line 120):

This is a transferred amount from line 120.

302)         Less amounts paid by / for borrower (line 220):

This is a transferred amount from line 220.

303)      Cash From / To Borrower:

The amount most often shown on this line is the amount of closing costs that have to be paid.  It is the very unusual case when a borrower gets money paid “to” him / her at closing.  Most often money is being received “from” the borrower for the balance of downpayment and closing costs.  However, since you received a gift credit from Partners In Charity, the final amount will be reflected here.

K)         Summary of Seller’s Transaction:

Just as the statement says, the right side of the settlement statement, “K” is always the “seller’s” side of the statement.