You are a paralegal coordinating the closing of Massachusetts property being sold by Evelyn and Frank (Sellers) to Grace and Hope (Buyers). Your firm represents the buyers and lender and will be acting as Settlement Agent. Details of the transaction are as follows: The property address is 200 Liberty Street, Soldasis, Massachusetts in Middlesex County. The purchase price is $500,000.00 and Buyers have already submitted a deposit of $25,000.00 being held by the listing agent in escrow. Buyers will be financing the purchase with a mortgage loan from Generic Mortgage in the amount of $450,000.00. The closing date will be September 1, 2021. Property taxes are $3650.00 for the year and have been paid in full through the first quarter of Fiscal Year 2021 by Sellers. Like most Massachusetts towns, the Soldasis bills taxes quarterly and the fiscal year starts on July 1. The quarterly bills are due in August, November, February and May, so taxes are currently paid through September 30, 2021 You have already calculated Sellers' total closing costs to be $27,999.00. You have already calculated Buyers' total closing costs to be $7,212.05. You have received a final water and sewer reading from the Town of Soldasis Water Department that shows $140.15 is due. The Purchase & Sale Agreement recites that the Sellers have agreed to credit the Buyers $1,500.00 toward repairs. With the facts you have been given, please download and complete as much as the Summary of Transaction section of the CD as you are able:

Summary of Transactions	Use this table to see a summary of your transaction
BORROWER'S TRANSACTION		SELLER'S TRANSACTION
K.	Due from Borrower at Closing	$		M.	Due to Seller at Closing
01	Sale Price of Property	500,000.00		01	Sale Price of Property	500,000.00
02	Sale Price of Any Personal Property Included in Sale			02	Sale Price of Any Personal Property Included in Sale
03	Closing Costs Paid at Closing (J)	7,212.05		03
04				04
Adjustments		05
05				06
06				07
07				08
Adjustments for Items Paid by Seller in Advance		Adjustments for Items Paid by Seller in Advance
08	City/town taxes to			09	City/town taxes to
09	County Taxes to			10	County taxes to
10	Assessments to			11	Assessments to
11	Oil Adjustment to			12	Oil Adjustment to
12				13
13				14
14				15
15				16
L.	Paid Already by or on Behalf of Borrower at Closing			N.	Due from Seller at Closing
01	Deposit	25,000.00		01	Closing Costs Paid at Closing (J)	27,999.00
02	Borrower's Loan Amount	450,000.00		02	Existing loan(s) taken subject to
03	Existing loan(s) taken subject to			03
04	Seller Credit	1,500.00		04	Seller Credit	1,500.00
05				05	Excess Deposit
Other Credits		06
06				07
07				08	Payoff -
Adjustments		09
08				10
09				11
10				12
11				13
Adjustments for Items Unpaid by Seller		Adjustments for Items Unpaid by Seller
12	City/town taxes to			14	City/town taxes to	140.15
13	County taxes to			15	County taxes to
14	Assessments to			16	Assessments to
15	to			17	to
16				18
17				19
CALCULATION		CALCULATION
Total Due from Borrower at Closing (K)	$ 507,212.05		Total Due to Seller at Closing (M)	$ 500,000.00
Total Paid Already by or on Behalf of Borrower at Closing (L)	-$ 476,500.00		Total Due from Seller at Closing (N)	-$ 29,549.15
Cash to Close Fromo To Borrower	$		Casho From To Seller	$ 470,450.85

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