Rosie Malone sold her house to D.M. Eand. The contract was signed on June 1,...

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Rosie Malone sold her house to D.M. Eand. The contract was signed on June 1, 2023, and closing was set for June 25, 2023, Rosie had prepaid her three-year pest and termite protection policy in the amount of $1,825 on April 1,2022 , and D.M. agreed to assume it at closing. Water and sewer are paid the first of each month for the previous menth. They are estimated to total $200 for June. D.M. also agrees to assume Rosie's mortgage, which will have a balance of $85,385 on date of closing. Monthly payments are $569.23, with interest for June of $204.62, payable on the first of the month for the previous month. The seller is responsible for the day of closing. Required: How will the monthly mortgage payment be prorated? Note: Round intermediate calculations to 3 decimal places and your final answers to 2 decimal places. On May 15, 2023, Eric Martin signed a contract to purchase a rental house for $195,000. Closing is to occur on June 8,2023 , with the day of closing to be counted as a day of ownership by the buyer. Eric can assume the seller's first mortgage, which will have a balance of $149,000 during June. The seller, Reuben Smith, has agreed to take a second mortgage of $30,000 as part of the poyment at closing. Eric paid an escrow deposit of $10,000 when he signed the purchase contract. Other pertinent facts include: a. The June interest on the first mortgage is $745, which will be paid at the end of the month. b. Reuben paid a hazard insurance policy for the calendar year 2023. The premium was $850, and Eric has agreed to purchase Reuben's interest in the policy. c. The monthly rental of $1,250 has been collected by Reuben for June. d. The total amount of property tax for 2023 is estimated to be $2,200. The tax will be paid by Eric at the end of the yeat e. The broker will pay the following expenses for Reuben and will be reimbursed at the closing: f. The broker will also pay the following expenses for Eric and will be reimbursed at the closing: Required: Required: How will the items be prorated between the seller and buyer? Note: Do not round intermediate calculations and round your final answers to 2 decimal places. closing. Eric paid an escrow deposit of $10,000 when he signed the purchase contract. ther pertinent facts include: a. The June interest on the first mortgage is $745, which will be paid at the end of the month. b. Reuben paid a hazard insurance policy for the calendar year 2023 . The premlum was $850, and Eric has agreed to purchase Reuben's interest in the policy. c. The monthly rental of $1,250 has been collected by Reuben for June. d. The total amount of property tax for 2023 is estimated to be $2,200. The tax will be paid by Eric at the end of the year, e. The broker will pay the following expenses for Reuben and will be reimbursed at the closing: f. The broker will also pay the following expenses for Eric and will be reimbursed at the closing: Required: How will the items be prorated between the seller and buyer? Note: Do not round intermediate calculations and round your final answers to 2 decimal places

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