- 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 |
____________________ |
|
Net Equity (A) |
$___________________ |
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Less Closing Costs: |
|
|
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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|
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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) |
$___________________ |
Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Franklin Mint Federal Credit Union and Mint Wealth Advisors are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using Mint Wealth Advisors, and may also be employees of Franklin Mint Federal Credit Union. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, Franklin Mint Federal Credit Union or Mint Wealth Advisors. Securities and insurance offered through LPL or its affiliates are:
| Not NCUA Insuredor Any Other Government Agency | No Credit Union Guarantee | Not Credit Union Deposits | May Lose Value |
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Financial Learning Center content created by TrueBridge, Inc. The information provided is based upon sources and data believed to be accurate and reliable. The content contained herein is intended for information and illustrative purposes only, should not in any way be construed as a personal recommendation, and should be used in conjunction with individual professional advice.
