Sample Calculation Worksheet for Estimating Seller’s Equity
Estimated sales price (or offering price) $_______________
Mortgage balance – primary loan $___________________
Junior liens/equity loans $___________________________
Prepayment penalty $_____________________________
Title expense $___________________________________
Attorney fees $___________________________________
Transfer taxes – state/county $________________________
Transfer taxes – local $______________________________
Survey $ _______________________________________
Marketing fee $___________________________________
Assessments $____________________________________
FHA/VA fees $___________________________________
Seller concessions $________________________________
Tax prorations $___________________________________
Other $_________________________________________
Other $_________________________________________
Total estimated expenses____________________________
LESS Estimated net equity to seller ‐$___________________
OR Estimated funds needed to close $__________________
Note: This is not a closing statement.
This is intended to give the seller an estimate of what their expenses could be in a typical real estate transaction. The broker and designated agent cannot be responsible for miscalculations resulting from changes in fees, differences in mortgage
balances or escrow balances, changes in taxes or any other item that may affect the accuracy of this estimate.
This is an estimate and all figures should be reconfirmed with your attorney and possibly your lender.
Source: Reprinted with permission of Lynn Madison, Lynn Madison Seminars, and Lori Cox, Life Successes, Inc. Copyright Lynn Madison and Lori Cox