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Courtesy of Tom Smeltzer, REALTOR®

What You’ll Net at Closing

To find out how much money you’ll net from your house, add up your closing costs and subtract them from the sale price of the house.

Closing Costs for Sellers

 

Mortgage payoff and outstanding interest

 

Prorations for real estate taxes

 

Prorations for utility bills, condo dues, and other items paid in arrears.

 

Closing fees charged by closing specialist.

 

Title policy fees

 

Home inspections

 

Attorney’s fees

 

Survey charge

 

Transfer tax or other government registration fees

 

Brokerage commission

 

Total

 

 

www.REALTOR.org/realtormag Reprinted from REALTOR® Magazine Online by permission of the NATIONAL ASSOCIATION OF REALTORS® . Copyright 2003. All rights reserved.

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