This is a real estate math closing pro-ration question

What amount will the seller receive at the closing?

For this question, prorate using the actual number of days in the month and year. Split the escrow fee 50-50. The seller will pay the revenue stamps, and the buyer will pay title insurance and the recording fee. The buyer assumes the existing mortgage balance of

$127,042.42, the buyer will pay in cash at closing the difference between the purchase price and the loan balance, and the present monthly payment on the loan is $1,001.40. Closing is October 15. Use these relevant facts:

Purchase price: $350.000

Earnest money: $3,500

Commission rate: 6% split 50-50

Real estate taxes: $2,900 (paid in full for the current year Jan.1 through Dec. 31)

Escrow fee: $800

Title insurance: $1,150

Insurance policy: $758 (annual premium)

Revenue stamps: $126.30

Recording fee: $30

Interest rate: 3.75% (paid in arrears, with the next payment due November 1^st)