|
|
|
| Rick Lorenz, ABR CRS and his team | |
|
||||
|
This closing statement was for a home closing near the end of the month; bank financed no points. |
||
|
Settlement Date: |
1/26/99 |
|
|
Proration Date: |
1/25/99 |
|
|
DEBITS (charges) |
||
|
Purchase Price |
$200,000.00 |
|
|
Credit Report (buyer overpaid for this item when they applied for loan) |
-$27.60 |
|
|
Real Estate Tax Service Fee |
$75.00 |
|
|
Flood Certificate for Bank |
$16.00 |
|
|
Underwriting Fee for Bank |
$100.00 |
|
|
Doc. Prep Fee for Bank |
$125.00 |
|
|
Homeowner Assoc. Fees 1/26 - 3/31 |
$54.17 |
|
|
Water Transfer Fee (some water companies charge to change their records) |
$50.00 |
|
|
Interest for 6 days @13.87000/day |
$83.22 |
|
|
Hazard Insurance Premium 1 Year in advance |
$342.00 |
|
|
Flood Insurance Premium (property is located within 100 year flood plan) |
$371.00 |
|
|
Escrow Hazard Insurance 3 months |
$85.50 |
|
|
Escrow Flood Insurance 4 months |
$123.68 |
|
|
Escrow Aggregate Adj. |
-$30.96 |
|
|
Closing Fee (1/2) |
$100.00 |
|
|
Title Insurance (for Bank) |
$216.00 |
|
|
Tax Certificate |
$15.00 |
|
|
Loan Closing Fee (Title Company) |
$78.00 |
|
|
Recording Fees |
$52.00 |
|
|
Documentary Fee |
$20.00 |
|
|
Sanitation Fee 1/1 - 1/31/99 |
$1.94 |
|
|
Gross Amount Due From Buyer |
$201,849.95 |
Note: total closing costs were $1,849.95 |
|
CREDITS |
||
|
Earnest Money Deposit |
$15,000.00 |
|
|
Principal Amount of New Loan |
$75,000.00 |
|
|
Property Taxes 1/1/99 - 1/26/99 4794.76/365 days x 25 days = |
$54.44 |
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. |
|
Less Total Credits to Buyer |
$90,054.44 |
|
|
BALANCE |
||
|
Gross Amount Due from Buyer |
$201,849.95 |
|
|
Less Total Credits to Buyer |
$90,054.44 |
|
|
AMOUNT DUE FROM BUYER |
$111,795.51 |
|
| ||||||
