Buyers Closing Statement

Project 88A Buyers Closing Statement ON LINE
Closing Date is April 27th of this year

Sale price is $300,000.
Buyer is financing 70% of the purchase price. This is the loan amount. Earnest money (already paid) is $30,000
Title search fee is $500 to
Loan (mortgage) origination fee is 1% (of loan amount)
Buyers loan is at 6% . Compute buyer daily interest charges from day of closing through the end of the month of April. Title insurance is $600
Homeowners (hazard) insurance for buyer will be $480 yearly ($40 monthly) Real tax (Wake County) is $3 per day. You pay seller for remainder of year. April 27 is the 117th day of the year. Escrow costs will be 2 months for hazard insurance

Escrow costs will be 5 months for real tax
Survey is $300
Pest inspection is $200
Recording fee is $10 for deed plus
Recording fee is $10 for mortgage
Credit report fee is $50
Appraisal fee is $250
Use the closing statement form to enter your calculation. How much will the buyer owe? $65,918.33

Use a 2-column closing statement form to determine total debits and credits for the buyer to show and cash due from buyer. Assume a 365 day year.

lineITEM (closing on April 27)”buyer
1Sale price $300,000 – given 300,000.00
2New loan (.7 x 300,000 price) 210,000.00
3Earnest money (given) 30,000.00
4Title search fee (given) 500.00
5Loan origination fee (.01 x 210,000 loan ) 2,100.00
6daily interest (210,000 loan x .06 / 365 x 4 days) 138.08 7Title insurance (given) 600.00
8Homeowners insurance (given) 480.00
9Prorate Real tax ($1,095/365 x days in rest of yr) 744.00 10Escrow 2 months for insur. (480/12 x 2 months) 80.00
11Escrow 5 months for real tax (1,095 / 12 x 5 mo) 456.25 12Survey (given) 300.00
13Pest inspection (given) 200.00
14Recording fee – deed (given) 10.00
15Recording fee – mortgage (given) 10.00
16Credit report fee (given) 50.00
17Appraisal fee (given) 250.00
18Total Debits 305,918.33
19Total Credits 240,000.00
20Debits less credits (buy owes) 65,918.33

The following statement of purpose was written for University of xxxxxxx About me: I deem it a privilege to give a brief account of myself to your esteemed institution. I am xxxxxxxxx, __years old. Striving for betterment and improvement has …

As accumulating abundant experience through my internship in National Health Research Institute (NHRI), and a member in infectious disease research lab in Kaohsiung Medical School, it expands my understanding upon many kinds of microorganism. Baby sitting with MDCK cell when …

The quest for knowledge has always been my ardent wish. This quest for knowledge and necessity has unearthed me into this beautiful sophisticated world. As a devoted student, I am eager to confront the challenges by pursuing graduate studies from …

As a second year student in the field of biomedical sciences, it behooves me, following my ardent and unquenchable zeal for studying medicine, that I continue with my quest to study medicine. If at all your panel is to reconsider …

David from Healtheappointments:

Hi there, would you like to get such a paper? How about receiving a customized one? Check it out