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The outstanding loan balance is $ 1 5 6 , 3 0 0 after the July 1 payment has been made prorate the interest using

The outstanding loan balance is $156,300 after the July 1 payment has been made prorate the interest using a calendar year for a July 19 closing the loan is a 5.0%30 year loan and the contract calls for a proration to be to the day of closing

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