mary albers purchased an office building in orlando, fl on september 15, 2021, for $600,000. according to the appraisal she received in connection with the purchase (paid for by seller), the fmv of the land was $100,000 and the fmv of the building was $500,000. in connection with the purchase, mary put down $150,000 cash and obtained a $450,000, 20 year, 4.5% loan, paying one point, $4,500, as a loan origination fee. mary also paid $3,000 for title insurance, $2,500 documentary stamp tax on the mortgage, $50 for a credit report (required by lender), $450 for inspection fees required by lender (termites, roof), $1,500 for one year's premiums on a property insurance policy (covers fire and storm damage, etc.), and $425 for a land survey (required by lender). in addition, she paid at closing $777 representing interest for two weeks in september ($450,000 x 0.045 x 14/365), $4,000 into escrow for future property taxes and $450 for future insurance.