Scott is purchasing a home for $220,000. The down payment is 30% and the balance will be financed a 15 year mortgage at 8% and 4 discount points. Scott made a deposit of $10,000 when sign. Sellers are responsible for brokers commissions (6% purchase price) $1250 in other closing costs and the existing mortgage, with a balance of $55000. what proceeds will they receive on the sale of property?