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| Estimated Net Proceeds to Seller |
$ |
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This is a reverse net calculator. Enter the amount that will be the anticipated net proceeds to seller and this calculator will generate the necessary sales price to meet that net, based on the other costs entered below. For a Short Sale with zero to seller, enter “0” here.
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| Selling Agent Commission (%)%
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$ |
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Enter the percentage for listing and selling commissions
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| Listing Agent Commission (%)%
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$ |
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| Mortgage Payoff |
$ |
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This is the seller’s existing mortgage. Remember that mortgage interest is paid in arrears, so the actual payoff amount of a mortgage is typically one to two payments higher than the principle balance shown on their statement. Always check to make sure there is no prepayment penalty as well.
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| Second Mortgage Payoff |
$ |
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| Third Mortgage Payoff |
$ |
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| Lien/Judgment Payoff #1 |
$ |
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This field would be for any liens or judgments against the seller. Examples could be things such as IRS liens, HOA liens, labor liens, or creditor judgments such as unpaid credit cards that have resulted in judgments.
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| Lien/Judgment Payoff #2 |
$ |
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| Estimated Final Water/Sewer Bill |
$ |
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Water and sewer are typically “lienable” utilities in most areas, meaning that the bill follows the property, not the individual. If the box for Services of Closing Agent for Payment of Utilities has been checked “Requested” on the purchase and sale, we will order, collect, and pay that final bill at closing.
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| Closing Cost Concession/Credit to Buyer% or |
$ |
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Any credits that the Seller is giving the Buyer at closing.
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| HOA Dues |
$ |
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| Owner's Title Insurance |
$ |
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The Owner’s Title premium is customarily paid by the Seller in Washington State. The title premium quoted here is an estimate only based on various local title company's homeowner's policy rates, cushioned and averaged.
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| Escrow Fee (Seller Side Only) |
$ |
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The escrow fee is split between the parties, the portion reflected here is the Seller’s portion and the Buyer will pay the same rate on their side. Certain transactions may require additional work by escrow, such as a short sale, in which the Seller’s escrow fee may be slightly higher.
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| Reconveyance Tracking Fee |
$ |
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This is based on how many mortgages are being paid off at closing. This fee is for escrow to track, obtain, and record the reconveyance (release) of the Deed of Trusts (mortgages) that are paid off post-closing. If there are no payoffs, there is no reconveyance tracking fee.
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| Lien Release Fee |
$ |
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This is based on how many liens or judgments are being paid off at closing. This fee is to file the release or satisfaction documents with the county. If there are no liens being paid off this fee does not apply. This fee does not apply to mortgage payoffs.
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| Excise Tax |
$ |
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Excise Tax is required to be paid by Seller anytime property is sold in Washington State.
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| Total Closing Costs |
$ |
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| Sales Price of Property |
$ |
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