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This closing was for a home with a special type of loan from the lender. |
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Settlement Date: |
1/4/99 |
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Proration Date: |
1/5/99 |
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DEBITS (charges) |
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Purchase Price |
$154,000.00 |
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Appraisal Fee for Bank |
$350.00 |
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Credit Report for Bank |
$34.40 |
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Real Estate Tax Service Fee for Bank |
$75.00 |
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Flood Certificate for Bank |
$16.00 |
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Doc. Prep Fee for Bank |
$125.00 |
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Processing Fee for Bank |
$100.00 |
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Interest for 28 days @34.89000/day. The lender had them pay for home owners insurance a year in advance. |
$696.92 |
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Hazard Insurance Premium 1 Year in advance |
$305.00 |
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Escrow Hazard Insurance 4 months |
$101.68 |
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Escrow Property Tax 6 months |
$556.08 |
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Escrow Aggregate Adj. |
-$219.77 |
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Title Co. Closing Fee (1/2) |
$100.00 |
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Title Insurance for Bank |
$269.00 |
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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 |
$62.00 |
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Documentary Fee |
$15.40 |
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January Metro Fees - In La Plata County we have several "Metropolitan Districts" that provide water, sewer & road maintenance. |
$80.00 |
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Gross Amount Due From Buyer |
$156,756.71 |
Note: total closing costs were $2,756.71 |
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CREDITS |
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Earnest Money Deposit |
$2,500.00 |
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Principal Amount of New Loan |
$123,200.00 |
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Lender Paid Closing Costs (Some lenders offer to pay the closing costs in exchange for a slightly higher interest rate.) |
$1,232.00 |
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Property Taxes 1/1/99 - 1/26/99 4794.76/365 days x 25 days = |
$9.14 |
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 |
$126,941.14 |
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BALANCE |
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Gross Amount Due from Buyer |
$156,756.71 |
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Less Total Credits to Buyer |
$126,941.14 |
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AMOUNT DUE FROM BUYER |
$29,815.57 |
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Last Updated July 29, 2010
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Rick Lorenz, Broker,
CRS, ABR, CLHMS, CNE The Wells Group Real Estate Brokerage 901 Main Avenue, Durango, CO 81301 (970) 375-7007 (800) 955-0259 ext 1123 E-Mail: Rick@BuyDurango.com Copyright 1999 - 2010 All content is copyright protected as intellectual property of RickLorenz |
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