On August $20,$ Mr$.$ and Mrs$.$ Cleaver decided to buy a property from Mr$.$ and Mrs$.$ Ward for $$113,000.$ On August $30,$ Mr$.$ and Mrs$.$Cleaver obtained a loan commitment from OKAY National Bank for an $$86,800$ conventional loan at $5$ percent for $30$ years. The lender informs Mr$.$ and Mrs$.$ Cleaver that a $$2,260$ loan origination fee will be required to obtain the loan. The loan closing is to take place September $22.$ In addition, escrow accounts will be required for all prorated property taxes and hazard insurance; however, no mortgage insurance is necessary. The buyer will also pay a full year's premium for hazard insurance to Rock of Gibraltar Insurance Company. A breakdown of expected settlement costs, provided by OKAY National Bank when Mr$.$ and Mrs$.$ Cleaver inspect the uniform settlement statement as required under RESPA on September $21,$ is as follows:I. Transactions between buyer$-$borrower and third parties:a$.$ Recording fees$-$mortgageb. Real estate transfer taxc. Recording fees$/$document preparatione. Peggy Prudent$-$attorneyHazard insurance$-$one$-$year policy$-$Rock of Gibraltar Insurance companyf.Inspections$9.$ Title insurance fee $($Landco title Company$)$h$.$ Landco title Company$-$Closing feeII. Transactions between seller and third parties:a$.$ Release statement$-$seller's mortgage$ $46\mathrm{.}00257\mathrm{.}00232\mathrm{.}00452\mathrm{.}00182\mathrm{.}0066\mathrm{.}00432\mathrm{.}00141\mathrm{.}00$b$.$ Payoff$-$Seller's mortgage $($Home State Bank$)$c$.$ Real estate brokerage fee $(6\%$ Fast Deal Realty$)$III$.$ Buyer$-$borrower and lender Information:a$.$ Amount of loan$5\mathrm{.}0032,795\mathrm{.}006,380\mathrm{.}00$b$.$ Prepaid interest is owed from closing through september $30,$ which equals nine days $($inclusive$).$ Regular payments to begin on November $1.$c$.$ Property tax escrow$-$two months requiredd. Loan origination fee$[0\mathrm{.}05\backslash$times $86,800)$ : $365]\backslash$times $9$IV$.$ Buyer and seller information:a$.$ Purchase price$ $86,800107\mathrm{.}01138\mathrm{.}672,260\mathrm{.}00$b$.$ Deposit paid by Cleaver to Ward $($paid in escrow to OKAY National Bank$)$c$.$ Real estate tax proration $($taxes for the current year to be paid in arrears by BUYER to county next January $1$: $$832$ per year$).$ Therefore,$ $113,000\mathrm{.}001,532\mathrm{.}00$from January $1$ to September $22,$ or $264$ days. Therefore, the Buyer owes for the $101$ daysbecause the SELLER will own the propertyprior to closing and transfer of title. Therefore,a credit for part of the $$832-$pen$-$year$ $601\mathrm{.}78$