Buying/Selling Your Home and Other Real Estate

Worksheet: Estimated Sales Proceeds

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

____________________

Other

____________________

Total Closing Costs (B)

$___________________

Seller's Net Proceeds (A)-(B)

$___________________

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*Non-deposit investment products and services are offered through CUSO Financial Services, L.P. ("CFS"), a Registered Broker-dealer (Member FINRA/SIPC) and SEC-registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. General Electric Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.

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