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Business, 16.07.2021 18:30 durham953

Sue is selling her house for $265,000. Closing is set for June 19, and Sue owns the day of closing. She has a loan balance of $78,000 at a 4.2% rate, and she’s current on her payments. She prepaid the property taxes ($1,350) and insurance ($925). Using a calendar-year proration method for calculations, how will these amounts appear on Sue’s closing statement?

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Sue is selling her house for $265,000. Closing is set for June 19, and Sue owns the day of closing....

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