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  • E 01 D 1 Proceeds

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    This document calculates the costs associated with selling a home priced at $300,000. It shows the realtor commission of 6% ($18,000), closing costs of 7% ($21,000), prorated property taxes for 6 months ($12,000), title insurance ($950), and an estimated existing mortgage payoff of $100,000. The total estimated deductions from the sale price are $430,950.06, leaving estimated net proceeds of $730,950.06.

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    This document calculates the costs associated with selling a home priced at $300,000. It shows the realtor commission of 6% ($18,000), closing costs of 7% ($21,000), prorated property taxes for 6 months ($12,000), title insurance ($950), and an estimated existing mortgage payoff of $100,000. The total estimated deductions from the sale price are $430,950.06, leaving estimated net proceeds of $730,950.06.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    23 views2 pages

    E 01 D 1 Proceeds

    Uploaded by

    buyonline shopping
    This document calculates the costs associated with selling a home priced at $300,000. It shows the realtor commission of 6% ($18,000), closing costs of 7% ($21,000), prorated property taxes for 6 months ($12,000), title insurance ($950), and an estimated existing mortgage payoff of $100,000. The total estimated deductions from the sale price are $430,950.06, leaving estimated net proceeds of $730,950.06.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Input Area Output Area

    Sale Price $ 300,000.00 Sale Price


    Realtor Commision Rate 6% Commission $ 300,000.06
    Closing Costs Rate 7% Closing Costs 18,000.00
    Annual Property Taxes $ 2,000.00 Title Policy Insurance 950.00
    Months to Prorate Taxes 6 Prorated Property Taxes 12,000.00
    Months in a Year 12 Est Existing Mortgage Payoff 100000
    Est Existing Mortgage Payoff $ 100,000.00 Total Est Deductions
    Estimated Net Proceeds
    $ 300,000.00

    430,950.06
    $ 730,950.06

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