Financial Answer Center
- Introduction
- Buying a Home
- Real Estate Brokers
- How Much Can You Afford?
- Mortgage Financing
- Buying Investment Property
- Buying a Vacation Home
- The Buying Transaction
- Insuring the Property
- The Closing
- Selling Real Estate
- Selling Investment Property and Vacation Homes
- Worksheet: Estimated Sales Proceeds
- Worksheet: Broker Comparison Checklist
- Sprucing-Up Checklist
- Glossary
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Use the following worksheet to estimate the amount of cash you'll have available when the sale of your home is completed.
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Selling Price of Home |
$___________________ |
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Less: Payoff of All Mortgages |
____________________ |
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Less: Other Lien Payoffs |
____________________ |
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Less: Spruce-up & Repair |
____________________ |
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Net Equity (A) |
$___________________ |
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Less Closing Costs: |
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Real Estate Commission at _____% |
$___________________ |
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VA Points (or points you agree to pay) |
____________________ |
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Attorney Fees |
____________________ |
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Adjustments for Taxes, Fuel, Water, etc. |
____________________ |
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Filing and Recording Fees |
____________________ |
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Realty Transfer Taxes |
____________________ |
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Mortgage Release Fees |
____________________ |
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Photocopying & Messenger |
____________________ |
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Protection Plan or Guarantee |
____________________ |
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Allowance for Corrective Repairs |
____________________ |
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Termite Inspection on VA Loans |
____________________ |
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Other |
____________________ |
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The following are typically buyer's costs, but you may negotiate to pay them as part of your deal.
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Title Fees |
____________________ |
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Engineer's Survey |
____________________ |
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Credit Check |
____________________ |
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Home Inspection |
____________________ |
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Appraisal |
____________________ |
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Other |
____________________ |
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Total Closing Costs (B) |
$___________________ |
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Seller's Net Proceeds (A)-(B) |
$___________________ |
