Susan seller gave her agent a 60 days listing to sell her home for $200,000. the seller specified in the exclusions section of the listing agreement that her prized iris plants would be removed prior to close and the iris bed repaired to eliminate the damage of plant removal.

public records indicates the home is 2,400 square feet, has 3 bedrooms, 2 bathrooms, a 90% finished basement and a two car garage. last year's taxes were $1,832 and have been paid.

an offer was made and accepted with a sales price of $190,000. the buyers submitted earnest money of $3,000 under liquidated damages. the inspection objections must be made by march 27. the survey must be completed by april 10. review of title must be completed by april 10.

the sellers indicated in the seller's property disclosure that the water heater had leaked. the water heater was replaced and all water damage repaired. the sellers further disclosed that the concrete basement floor had lifted due to expansive soils creating a crack in the concrete floor.

although closing was set for may 1st, a delay in the lender processing of the buyer's loan forced a change in close to may 10th. this change was accepted by both parties. the cost of the survey was $450. the closing fee charged by the closing company is $150 to be split by both parties.

what is debit entry on the settlement sheet for the seller's prorated share of property taxes. the buyer is responsible for the day of closing. use a 365 day year:

a.$342.90
b.$647.47
c.$782.18
d.$1,782.34

i guess you could put raise the economic balance

of the three mortgage options that demarco and tanya have to choose from, the balloon payment mortgage would be their best option, over adjustable payment and fixed payment plans.ultimately, the balloon payment plan would save demarco and tanya overall, in interest, would cost less monthly, and they would only have to make these payments for 8 years, opposing to 30 years for adjustable or fixed payment plans. 

overall, demarco and tanya would save $80,811 if they chose balloon payments over fixed payments, and would save $116,711 if they choose balloon payments over adjustable payments. benefits with choosing fixed payments over adjustable payments is that, in the end, the payments will still be $836.30 a month, while with adjustable payments, the initial monthly payments will be $763.38 to $1082.70 a month, ultimately leading to a more costly purchase. benefits with choosing fixed payments over balloon payments are not present. benefits in choosing adjustable payments over is that it has a lower interest rate, and starts with lower monthly payments initially. benefits in choosing adjustable payments over balloon payments include a lower interest rate, and lower initial monthly payments. benefits in choosing balloon payments over fixed payments include lower interest rates, lower overall price, lower monthly payments, takes less time to pay off, and does not require a downpayment. benefits in choosing balloon payments over adjustable payments include, lower monthly payments (when averaged), takes less time to pay off, and lower overall price.

hence, option c, balloon payments, is the best option for demarco and tanya to make this purchase, for it will save them a minimum of $80811, and a maximum of $116,711.