Home For Buyers Real Estate Glossary For Sellers

 

 

 

 

Seller's Net Proceeds

Projected Gross Equity

Estimated Sales Price  
Current Mortgage Balance -
Second Mortgage Balance -
Other Liens -
Current Escrow Balance +
MIP or PMI rebate +
Projected Gross Equity =

Projected Selling Costs

Release Recording Fee  
Escrow Charges +
Document Charges +
Title Insurance +
Transfer Tax +
FHA/VA or Lender Fee (Points) +
Water and Sewer Rents for current year +
Mortgage Prepayment Penalty +
Real Estate Taxes for current year +
Special Assessments +
Corrective Work or Repairs +
Home Warranty +
Brokerage Fee +
Closing Fee +
Financing Costs from Lender +
Interest on Current loan (prorated) +
Other +
Projected Selling Costs =

Project Net to Seller

Projected Gross Equity  
Projected Selling Costs -
Project Net to Seller =

 

NOTES:

Not all Seller's pay all of the listed charges. This statement reflects certain charges that change monthly. For the most accurate data please adjust monthly. If you would like assistance with any of the formulas, just ask.

 

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