So I assumed the lender's title insurance can be capitalized as part of the cost basis and depreciated for 27.5 years.3) Prepaid Home Insurance. 

I'm allowing them to apply their pre-paid last month rent to the month of November.

Noticed my loan lender closing cost details shows they charged 10Months Property tax prepaid.

The information below was provided by a Loan Officer for my Closing Cost as the Buyer/Borrower and Title Company for the Seller's Closing Cost.Loan Information$185,000 = Loan Amount$9,250 = Conventional Loan Down Payment (5%)$4,980 = Estimated Closing Cost: (Processing Fees, Underwriting Fees, Appraisal, Appraisal Review Fee, Title Insurance Services, Settlement Fee, Administrative Fee, Courier Fee, Owner's Title Insurance, Lender's Title Insurance, Recording Fees, City/County/Stamps, & State Tax/Stamps)$2,120 = Estimated Prepaid/ Estimated Reserve Cost: (Daily Interest, Home Insurance, & Property Taxes)$16,350 = Total Cash at Closing from Borrower$1,000 = Estimated Monthly Mortgage Payment: (P&I, Hazard & Mortgage Insurance, & Real Estate Taxes)Seller Closing Cost$0 = Agents Commissions: (No REA involved in this transaction per Seller's request)$900 = Total Cash at Closing from Seller: (Estimated Doc.

the prior comment about closing earlier to middle about hte 45 day until debt is due is true, but that's because you've already pre-paid it...This is real estate investing. 

The escrow does figure into the numbers, because that is prepaid taxes and insurance.

Here are the numbers: My current P&I payment is $1,707, which is a total loan amount of $386k at a 3.375% rate.My offerings are: Option 1 - 2.999% - 30 Year Fixed - Cash Out - About $8-9K back2.999% Interest Rate with 2.87 discount points (discount points are a pre-paid buy down on the interest rate over the life of your loan)Loan Amount $412K (max cash, based off of $515K property value.

We prepaid the property taxes for the remainder of the year (Sep-Dec) when closing.

Scammers will ask for prepaid credit cards or for you to Venmo them money in advance for due diligence fees.

I DARN well hope that $1550 “escrow fee” is an example of someone bad at their new job and is really just prepaids  Hopefully someone from the Chicago area will weigh in and say you didn’t get as hosed as it looks  Ps  a lawyer fee?