Closing, issues. Should I walk?

[Jeannie H Armstrong]

Went to closing as scheduled 10/30 9am. Stunned by mortgage payment 533.00 on a 40,000 loan 5 yr balloon payment over 10 yrs. Did not receive hud1 before closing table.

Termite bond incomplete because company requires past termite damage repaired before issues bond.

At 3pm, decided to hold off on closing until bond issued.

At about 4:30 listing agent forward seller disclosure which was signed by sellers on 9/25, which disclosed termite damage and drainage issues. He said it was oversight (not send earlier). Now wants us to sign that we were aware.

Our agent prepared addendum with a Nov. 1 sign by date giving them a week to correct issues, they have not signed the addendum.

It's a good property, but I hate 533.00 payment on roughly an 800.00 rent.

Please help....