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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 |
____________________ |
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Net Equity (A) |
$___________________ |
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Less Closing Costs: |
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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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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) |
$___________________ |
Investment products and services are offered through INFINEX INVESTMENTS, Inc. Member FINRA/SIPC. The Investment Center at South Shore Bank is a trade name of the Bank. Infinex and the bank are not affiliated. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.