Calculate the seller proceeds at settlement

Assignment Help Business Economics

Reference no: EM131173358

A home is being sold for $168,250, and the settlement is scheduled for June 28. The earnest money deposit is $1,500 and a due diligence fee $125. The seller's loan payoff is $92,589.62. The broker commission is 5.5% of sales price. Real property Taxes for the current year $1,495. Other items to be paid at settlement include deed preparation $110, excise tax and a courier fee for the seller's lender $28. Calculate the seller proceeds at settlement using the 30/360 for proration.

Reference no: EM131173358

Questions Cloud

Find the expected value of the number of tosses : A coin that has probability of heads equal to p is tossed successively and independently until a head comes twice in a row or a tail comes twice in a row. Find the expected value of the number of tosses.

Explain what staffing is and why it is important : Explain what recruiting is and why it is important. Explain the tools that will be utilized to find candidates for filling the selected position, and state why each tool was selected.

Analyze factors that contributed to the public health issue : Analyze the factors that contributed to the public health issue. Consider the appropriate regulatory agency (EPA or OSHA) and examine how it responded to this situation.

Determine the characteristics of a successful project plan : Deconstruct the project planning process and how that affects human resource management. Identify the scope of projects and the structure of the accompanying work. Use technology and information resources to research issues in managing human resource..

Calculate the seller proceeds at settlement : A home is being sold for $168,250, and the settlement is scheduled for June 28. The earnest money deposit is $1,500 and a due diligence fee $125. The seller's loan payoff is $92,589.62. The broker commission is 5.5% of sales price. Calculate the sell..

Explain the importance of situating a society cultural : Explain how key social, cultural, and artistic contributions contribute to historical changes. Explain the importance of situating a society's cultural and artistic expressions within a historical context.

End of the first day of trading : The offer price was $14 a share, the spread was 8 percent, and the lockup period was six months. The stock closed at $17 a share at the end of the first day of trading.

Each person has willingness-to-pay function : Suppose a small community of 200 people want to save a rare Toad. Each person has a willingness-to-pay function of P = 2.5 -2.0Q, where P is the per-Toad price that she or he is willing to pay to save Q rare Toads. To save a Toad, they must capture i..

Standard deviation of the stock returns : Need work shown-You find a certain stock that had returns of 14 percent, -27 percent, 19 percent, and 21 percent for four of the last five years, respectively. The average return of the stock over this period was 9.5 percent. What is the standard ..

User Account

All Pages