Closing Disclosures

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Last updated 8:52 PM on 8/23/26
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10 Terms

1
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Prorated Rental Income collected by the seller

Debit Seller, Credit Buyer

2
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Buyers Earnest Money

Credit Buyer

3
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Assumed Mortgage Balance

Debit Seller, Credit Buyer

4
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Brokerage Commission

Debit Seller

5
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Doc Stamp Tax on Deed

Debit Seller

6
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Doc Stamp Tax on Note

Debit Buyer

7
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Intangible Tax

Debit Buyer

8
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Prorated Property Taxes

Debit Seller, Credit Buyer

9
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New Mortgage

Credit Buyer

10
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Total Purchase Price

Credit Seller, Debit Buyer