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Buyer's Closing Statement
Buyer/Borrower: James and Cathy Smith
Seller: Robert & Mary Jones
Settlement Date: 1/26/99
Proration Date: 1/25/99
Property Location: 1234 Golf Course View
Durango, Colorado 81301
DEBITS (charges)
Purchase Price $200,000.00
Credit report -27.60
Real Estate Tax Service fee 75.00
Flood certification 16.00
Underwriting Fee 100.00
Doc. Prep Fee 125.00
Homeowner assoc fees 1/26 - 3/31 54.17
Water transfer fee 50.00
Interest for 6 days @13.87000/day 83.22
Hazard Insurance Premium 1 year 342.00
Flood insurance premium 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 lender) 216.00
Tax Certificate 15.00
Loan Closing Fee 75.00
Recording fees 52.00
Documentary Fee 20.00
Sanitation Fee 1/1 - 1/31/99 1.94
Gross Amount Due From Buyer $201,846.95
CREDITS
Earnest Money Deposit 15,000.00
Principal amount of new loan 75,000.00
Property Taxes 1/1/99 - 1/26/99
$794.76/365 days x 25 days= 54.44
Less Total credits to Buyer $90,054.44
BALANCE
Gross Amount Due from Buyer $201,846.95
Less Total credits to Buyer 90,054.44
AMOUNT DUE FROM BUYER $111,792.51
Approved
________________________ ___________________________
James Smith Cathy Smith
Broker
The Wells Group, Better Homes &Gardens
_____________________________
By: Rick Lorenz
2ND SAMPLE CLOSING STATEMENT
Buyer's Closing Statement
Buyer/Borrower: Fred & Mary Beyer
Seller: Don & Freda Seller
Settlement Date: 1/4/99
Proration Date: 1/5/99
Property Location: 598 Pretty Tree Drive
Durango, Colorado 81301
DEBITS (charges)
Purchase Price $154,000.00
Appraisal fee 350.00
Credit report 34.40
Real Estate Tax Service fee 75.00
Flood certification 16.00
Doc. Prep Fee 125.00
Processing fee (mortgage co.) 100.00
Interest for 28 days @24.89000/day 696.92
Hazard Insurance Premium 1 year 305.00
Escrow hazard insurance 4 months 101.68
Escrow Property Tax 6 months 556.08
Escrow aggregate adj. -219.77
Closing fee (1/2) 100.00
Title insurance (for lender) 269.00
Tax Certificate 15.00
Loan Closing Fee 75.00
Recording fees 62.00
Documentary Fee 15.40
January Metro fees 80.00
Gross Amount Due From Buyer $156,756.71
CREDITS
Earnest Money Deposit 2,500.00
Principal amount of new loan 123,200.00
Lender Paid Closing Costs 1,232.00
Second 1/21998 Property Taxes 556.10
Property Taxes 1/1/99 - 1/26/99
$794.76/365 days x 25 days= 9.14
Less Total credits to Buyer $127,497.24
BALANCE
Gross Amount Due from Buyer $156,756.71
Less Total credits to Buyer 127,497.24
AMOUNT DUE FROM BUYER $29,259.47
Approved
________________________ ___________________________
Fred Beyer Mary Beyer
Broker
The Wells Group, Better Homes &Gardens
_____________________________
By: Rick Lorenz
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