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This closing statement was for a vacant lot with the buyer obtaining a loan from the bank. |
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Settlement Date: |
1/18/01 |
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Proration Date: |
1/17/01 |
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DEBITS (charges) |
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Purchase Price |
$39,000.00 |
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Homeowners Association Fees 1/18 to 2/1 |
$15.81 |
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Loan Origination Fee for Bank |
$694.00 |
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Flood Certificate for Bank |
$16.00 |
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Appraisal |
$350.00 |
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UCC and Upfront Release |
$46.00 |
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ILC (abbreviated survey) |
$350.00 |
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Closing Fee - Title Co. |
$75.00 |
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Title Insurance (for bank) |
$334.00 |
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Tax Certificate |
$15.00 |
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Recording Fees |
$35.00 |
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State Tax/Stamps |
$3.90 |
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Record Power of Attorney |
$5.00 |
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Gross Amount Due From Buyer |
$40,939.71 |
Note: total closing costs were $1,939.71 |
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CREDITS |
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Earnest Money Deposit |
$1,000.00 |
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Principal Amount of New Loan |
$30,000.00 |
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County Taxes 1/1/01 - 1/18/01 519.06/365 days x 17 days = |
$24.18 |
Note: in Colorado we pay property taxes in arrears. That is , in January we get the bill for the previous year. Thus, this credit reflects the seller giving "his share" of the current year taxes to the buyer. |
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Less Total Credits to Buyer |
$31,024.18 |
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BALANCE |
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Gross Amount Due from Buyer |
$40,939.71 |
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Less Total Credits to Buyer |
$31,024.18 |
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AMOUNT DUE FROM BUYER |
$9,915.53 |
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Last updated May 17, 2012 Rick Lorenz, Broker, CRS, ABR, CLHMS,
CNE Copyright 1999 - 2012 |
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