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Seller's Estimated Costs for Settlement

Property Address:

Offer 1 Offer 2

Type Financing :
__ FHA,VA,Conv)

Sales Price:
1._______________ 2._______________

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Item

How Computed

   

Interest to End of Month

Rate x Balance÷360 x Days to End of Month (ex   .07x150,000÷360x10)

   

Estimated Payoff 1st Trust

Principal Balance

   

Estimated Payoff 2nd Trust

Principal Balance

   

Early Payoff Penalty

Check with Lender

   

Purchasers Closing Cost

0%-3% as Agreed in Sales Contract

   

Brokerage and Financing

     

Listing Company Compensation

1% of Sales Price

   

Selling Company Compensation

3% of Sales Price

   

Discount on Sale of Note

Only on Seller Held Note

   

Loan Origination Fee

_% of Loan Amount or as Agreed

   

Discount Points/Buydowns

_% of Loan Amount or as Agreed

   

Lender Fees, FHA or VA Financing

$300-$500 VA or FHA Only

   

Other Fees

As Agreed in Sales Contract

   

Closing Costs

     

Settlement Fee/ Document Prep.

$350

   

Release of Liens/Trusts

$75 Per Release, Each Mortgage

   

Other Fees

     

Recording Releases

$16 per Release (1  Each Mortgage)

   

Grantors' Tax

$1 per $1000 of Sales Price

   

Pest Inspection

Average $45

   

Miscellaneous

     

Property Owners Disclosure Package

$100 Each

   

Condo. Disclosure Package

$100 Each

   

Well and Septic Inspection

$190 for Fairfax County

   

Well and Septic Repairs

Varies and as Required

   

Home Warranty

$360 or as Agreed in Sales Contract

   
Total Estimated Cost to Settle
     

Sales Price

     

LESS: Total Estimated Cost to Settle From Above

 

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(          )

Estimated Total Net Proceeds

     

LESS: Seller Held Trust

 

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(          )

Estimated Total Net Proceeds