Step 1 of 7 14% Detailed Home Equity Calculator Calculates the approximate amount of money you should receive after your home sale has closed - (best viewed in landscape mode when using a smartphone)Professionally Appraised House ValueEnter the professionally appraised value, estimated price, or previous sale price. Don't use the tax value.Professional Appraisal CostEnter the cost of the professional appraisal used to determine the estimated sales price of your house1st Mortgage BalanceEnter the current balance of your home's 1st mortgage/Deed of TrustEnter one month of interest paid on your 1st mortgageEnter any loan prepayment penalty (usually associated with adjustable rate type loans)Enter the current balance of your 2nd mortgage/Deed of TrustEnter one month of interest paid on your 2nd mortgageEnter any other loan balances associated with your home Property Taxes to be Paid at House SaleEnter 3-6 months of your county property tax payments (annual taxes divided by 12 = 1 month)Enter 1-3 months of Homeowners Association Dues (if not paid annually)Enter the amount the "Owner's" title insurance policy will cost based on your estimated sales price listed above Enter the amount of unpaid special tax assessments if they are not being transferred to the buyerEnter the amount it will cost to have a title company or attorney close the sale (Escrow Closing/Settlement Fee)Enter the amount it will cost to have any liens released (contact title company or attorney) Enter the amount of your pre-sale home inspectionEnter the amount of pre-sale engineering inspectionsEnter the amount of your pre-sale Wood Destroying Insect (WDI) inspection Enter the amount of any home staging expensesEnter the amount of any other pre-sale expenses (repairs, WDI treatment, engineering, etc…)Enter the amount you wish to set for aside attorney consultations (consultation/contracts) Buyer's Broker CommissionBuyer's Real Estate Broker Commission PercentageIf the buyer uses an agent, the commission for the agent's broker typically ranges from 1% to 3%.Commission EstimateThe amount of the Real Estate Broker commission that you will pay at closing.DIY Course ExpensesDIY Homeseller Course InvestmentEnter the cost of the DIY Homeseller course you need. TotalsEstimated Home Equity You Receive After Using the DIY Homeseller CourseThis the approximate amount of money you get to put in your pocket.Estimated Total Cost of Selling Your House Using The DIY CourseEstimated total of loan payoff and other expenses involved in selling your house.DisclaimerThese are estimated costs only. The final figures will be calculated and determined at closing by the closing company or your attorney.RETURN TO COURSE
