Estimated Closing Costs & Net Proceeds for Sellers:

SALE PRICE:

Less

Mortgage Balance owed to bank:

Other Encumbrances:

Attorney’s Fees:

Realtor’s Fees:

NY State Transfer Tax: 0.4% of the sale price for properties under $1,000,000. For 1-3 family residential properties over $1,000,000, this rate is 1.4% of the sales price.

Other Misc. Expenses: Any real estate taxes owed, escrow charges if any, etc.

REMAINING BALANCE EQUALS NET PROCEEDS TO THE SELLER