What’s My Net Profit?

Here are some things to keep in mind when you want to determine what you will make when selling your home:

• Sale Price

Minus –

• Closing Expenses, including:

1. Mortgage loan payoff
2. Interest on loan up to the closing day
3. Home equity loans and other liens
4. Broker’s commission
5. Attorney fees
6. Real property tax proration
7. Prepayment penalty on loan (if applicable)
8. Miscellaneous fees, such as courier costs

Equal =

• Net Proceeds