A document that gives a breakdown of the costs that the buyer and seller pay at closing

A HUD-1 gives you the final record of the fees paid at closing. In some states, you receive the HUD-1on or after the closing date. If your property closes in escrow, you may receive the final HUD-1 in the mail, normally within 24 hours after the deed of trust is recorded. The lender, broker, escrow agent or attorney can prepare the HUD-1, which is also called a closing statement and settlement statement.

See: Closing costs