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SELLER'S CALCULATOR

NOTE: This is an Estimate of the Proceeds you will net from your property sale. The loan payoff,
commission, taxes and other seller costs can significantly alter this Estimate. Please contact your
Realtor or Closing Attorney a few days prior to your closing date for a copy of your HUD Closing Statement.

EXPECTED DATE OF CLOSING

 

Calculations: All pro-rations and escrow calculations based on this due date

 
 
NOTE:  All GREEN FIELDS NEED TO BE COMPLETED BY USER  
 
All fees to be subtract from sales price to determine proceeds  
 
A. SALES PRICE $ Calculations  
B. TRANSFER TAX 1% x A=B  
Cross calculations: there will be a tax of 0.1% based on the sales price. Subtract $150 from sales price-called “Transfer Tax”  (Example-$150,000 sales prices = $150 transfer tax to be deducted from sales price)    
C. CURRENT LOAN ON PROPERTY BALANCE PLUS POSTAGE AND RELEASE FEES (Calculations: Each loan will require a $35 overnight/express fee + $35 Release fee) Total Payoff Amount+$70=C  
 
+ MONTHLY PAYMENT  
 
= TOTAL PAYOFF (Each loan will require a $35 overnight/express fee + $35 Release fee)  
D. 2ND MORTGAGE OR EQUITY LINE BALANCE PLUS POSTAGE AND RELEASE FEES (Calculations: Each loan will require a $10 overnight/express fee+ $10 Release Fee) Loan Balance Amount+$20=D  
   
E. TOTAL OF COMMISSION PAID BY SELLER (Enter either a Percent OR Actual Dollar Amount)    
Percent  
 
OR Dollar Amount  
 
F. ANY CLOSING COSTS PAID BY SELLER    
G. ANNUAL TAXES ON PROPERTY    
Should automatically calculate based on date of closing Example Seller owes taxes from January 1 to date of closing. Closing on March 28 Seller owes 87/365ths of taxes. Based on a general estimate of 0.5% of the sales price above. Annual taxes / # of days from January 1 to expected closing date field.  
H.  TERMITE LETTER $100  
I.  Seller Document Preparation fee $50  
J.  HOA DUES PAID BY SELLER Dues / # of days from Closing Date through End of Year.  
   
Seller gets a credit. As in Taxes Example, closing on March 28 Seller would get back 278/365ths of HOA Dues    
WARRANTY PAID BY SELLER    
Home Warranty subtract from Sales Price  
     
TOTAL DUE SELLER:  
     
     
 
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