Pferrin, Home Buyer in Aloma, FL

I need to better understand how prorating seller's RE taxes and home insurance paid during the year affects what the buyer pays at closing.

Asked by Pferrin, Aloma, FL Mon Aug 4, 2014

Specifically, what's the starting point for prorating seller's RE tax and home insurance costs. I'm a first-time seller w/ no direct experience here located in Baton Rouge, LA? My homeowner's insurance is due in Oct. Is it full payment for the year past - or the year forward? I want to be able to more accurately predict what I'll pay at closing for those two expenses. Also, exactly how does escrow apply to this scenario?
If you have a website that details typical closing costs for BRouge and how it works, I'd like to read it.

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