| ITEM |
DEBIT |
CREDIT |
DEBIT |
CREDIT |
|
purchase price
|
|
|
|
|
|
credit report |
|
|
|
|
|
mortgagee title insurance
|
|
|
|
|
|
owner's title insurance policy
|
|
|
|
|
|
private mortgage insurance (PMI) |
|
|
|
|
|
recording the mortgage
|
|
|
|
|
|
earnest money |
|
|
|
|
|
commission
|
|
|
|
|
|
soil tests, percolation tests |
|
|
|
|
| termite inspection
|
|
|
|
|
|
sale of personal property
|
|
|
|
|
|
seller's existing mortgage
|
|
|
|
|
|
partial month's interest |
|
|
|
|
|
buyer's new mortgage loan
|
|
|
|
|
|
assumption of the seller's existing mortgage loan
|
|
|
|
|
|
partial month's interest on an assumed loan
|
|
|
|
|
|
purchase money mortgage
|
|
|
|
|
| real estate taxes (paid in arrears)
|
|
|
|
|
|
real estate taxes (paid in advance)
|
|
|
|
|
|
security deposits |
|
|
|
|
|
partial month's rent
|
|
|
|
|
|
balance due from the buyer |
|
|
|
|
|
balance due the seller at closing |
|
|
|
|