Buying/Selling Your Home and Other Real Estate

Worksheet: Estimated Sales Proceeds

Use the following worksheet to estimate the amount of cash you'll have available when the sale of your home is completed.

 

Selling Price of Home

$___________________

Less: Payoff of All Mortgages

____________________

Less: Other Lien Payoffs

____________________

Less: Spruce-up & Repair

____________________

Net Equity (A)

$___________________

Less Closing Costs:

Real Estate Commission at _____%

$___________________

VA Points (or points you agree to pay)

____________________

Attorney Fees

____________________

Adjustments for Taxes, Fuel, Water, etc.

____________________

Filing and Recording Fees

____________________

Realty Transfer Taxes

____________________

Mortgage Release Fees

____________________

Photocopying & Messenger

____________________

Protection Plan or Guarantee

____________________

Allowance for Corrective Repairs

____________________

Termite Inspection on VA Loans

____________________

Other

____________________

The following are typically buyer's costs, but you may negotiate to pay them as part of your deal.

 

Title Fees

____________________

Engineer's Survey

____________________

Credit Check

____________________

Home Inspection

____________________

Appraisal

____________________

Other

____________________

Total Closing Costs (B)

$___________________

Seller's Net Proceeds (A)-(B)

$___________________

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