The appraisal fee is $400, the credit report costs $45, and the bank is charging a $200 documer preparation fee. Prepaid interest on the buyer's loan will also have to be paid at closing, to cover interest accruing from the closing date through the end of the month. At closing, Ciearwater Bank will require a reserve account deposit of $742.20, which is enough to cover three months' worth of property taxes and homeowner's insurance. The rst paymenl on the Clearwater loan will be due on May 1. The buyer is purchasing a three-year homeowner's insurance policy for $990, with the rst year's premium [$330) to be prepaid at closing; that will be handled through escrow. This year property taxes are $2,640. The seller has paid the rst installment, but not the second. Liens against the property that the seller will pay off at closing include a rst deed of trust that will have a balance of $398,571.47 after the March 1 payment is made, and a home equity loan that will have a balance of $13,425.35 after the March 1 payment is made