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Calculate the amount of money to be included on the CD for the following scenario: Purchase price is $205,000. Loan amount is $190,000. The per
Calculate the amount of money to be included on the CD for the following scenario: Purchase price is $205,000. Loan amount is $190,000. The per diem interest on buyer's loan is $23.61. The lender is collecting a 1-point loan discount at closing. Closing occurs on May 15. County real property taxes are $2,531 for the year and city real property taxes are $1,978 for the year. Seller has not yet paid the real property taxes for the year. Treat closing day as a buyer day for any prorations. The borrower's warranty deed and security deed will need to be recorded in the public records
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