The seller of a property has paid $5,100 in property taxes for the year in advance. The closing date of the sale is December 20 and the buyer owns the home on the closing day. How much does the buyer owe the seller in prorated property taxes? Assume the year has 365 days.
A house sold for $400,000. The mortgage on the house is $300,00. The documentary stamp tax on the deed is $0.70 per $100 or portion thereof. How much is the documentary stamp tax on the deed?
A bank charges 2.25 of a point for the origination fee on a mortgage of $300,00. What is the origination fee?
I'm done after this..
