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
Total Closing Costs (B)
Seller's Net Proceeds (A)-(B)