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| Rick Lorenz, ABR CRS and his team | |
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This closing statement is for a small ranch with some equipment included. Buyer attained a loan and paid a little over 1 point to the lender. |
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Settlement Date: |
3/31/00 |
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Proration Date: |
3/30/00 |
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DEBITS (charges) |
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Purchase Price Real Property |
$650,000.00 |
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Personal Property - Farm Equipment |
$25,000.00 |
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Homeowner's Association Fees 3/31 to 7/1/00 |
$84.21 |
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Loan Origination Fee For Lender |
$2,835.00 |
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Credit Report for Lender |
$55.00 |
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Processing Fee for Lender |
$390.00 |
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Tax Service Fee for Lender |
$60.00 |
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Flood Check Fee for Lender |
$25.00 |
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Interim Interest for 1 day |
$53.51 |
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Hazard Insurance Premium 1 Year |
$843.00 |
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Escrow Hazard Insurance Reserve |
$210.75 |
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Escrow County Taxes Reserve |
$1,223.60 |
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Escrow Aggregate Adj. |
-$53.15 |
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Title Co. Closing Fee (1/2) |
$100.00 |
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Title Insurance (for lender) |
$323.00 |
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Tax Certificate |
$15.00 |
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Loan Closing Fee - Title Co. |
$75.00 |
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Recording Fees |
$70.00 |
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FedEx Fees |
$60.00 |
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State Tax/Stamps |
$65.00 |
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Pest Inspection |
$85.00 |
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Assume Culligan Lease |
$58.00 |
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Gross Amount Due From Buyer |
$681,577.92 |
Note: total closing costs were $6,577.92 |
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CREDITS |
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Earnest Money Deposit |
$10,000.00 |
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Principal Amount of New Loan |
$252,000.00 |
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County Taxes 1/1/00 - 3/31/00 2,358.12/366 days x 90 days = |
$579.87 |
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 |
$262,579.87 |
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BALANCE |
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Gross Amount Due from Buyer |
$681,577.92 |
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Less Total Credits to Buyer |
$262,579.87 |
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AMOUNT DUE FROM BUYER |
$418,998.05 |
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