Mike & Karen Orban Team
Re/Max Real Estate
2940 William Penn Highway
Easton, PA 18045
610.703.6385 Mike - Cell
610.393.4941 Karen -Cell
Westmoreland County, PA
Liz Baxendell ABR, ERES
Call Liz for your real estate needs in Fayette and Washington County.
1179 Rostraver Road
Bellle Vernon PA 15012
724-929-1370 Ex. 25
you're a real estate agent, you know how important it is to estimate
the seller closing costs. And if you're a home seller, you want
a good estimate of how much you will net if you accept an offer
to purchase your home.
Closing cost calculations can get confusing if there're seller
assist and real estate commissions percentages involved in the sale.
This seller calculator will not only estimate the seller's closing
costs, but also "work backward" from a desired net. For example,
let's say you desire a net amount of $100,000 at closing, and there's
a seller assist of 6% and a real estate commission of 6%. Simply
click down 6% seller assist and a commission of 6%, and change any
of the suggested closing fees in column one. At the bottom of the
page enter $100,000 into the SELLER DESIRES TO NET =
box. All the costs will recalculate in column two.
Agents - click on the Print Option button on column
one or two, then click on the Print Screen link to print the estimate.
This calculator will make it much easier explaining the
closing costs to the seller and negotiating with the listing agent
. . . and you can do it online and over the phone!
Buyer Closing Cost Calculators
Faith Estimate for Buyer
I'm told that the State of Pennsylvania requires real estate agents
to provide prospective home buyers with a good faith estimate of
the costs to purchase a home prior to submitting an offer to the
Closing Cost Estimate will estimate the down payment, closing
and escrow costs for FHA, USDA, Veteran and conventional and jumbo
What's the "ideal mortgage payment"
Your home buyer's may ask you what the maximum mortgage payment
should be. The Debt
to Income Calculator will easily estimate the monthly payment
based on the monthly income and monthly debt.
Loan Payment Estimator
Home buyers are frequently turned off when interest rates go up.
But how much do loan rates matter? Use the
Calculator to compare interest rates and payment options.
The following calculators can be found on the
How much should you list that home for?
Use the List Price Calculator to estimate the ideal list price.
Help the seller estimate the listing price after subtracting out
their mortgage payoff and other expenses.
PA Home Seller
List Price Calculator
Property Tax Proration Calculator
Home sellers want to know how much they will receive at closing
after prepaying their real estate taxes; or need to know how much
they will have to pay if their property taxes have not been paid.
And of course, there's those tight sales that hinge on property
tax proration. Here's the calculator -
Property Tax Proration Calculator
DID YOU KNOW . . .
Home Warranty Compensation:
June 25, 2010, HUD issued a new interpretive rule regarding service
fees paid by Home Warranty companies to real estate professionals.
HUD's new interpretive rule clarifies that real estate brokers and
agents may not be compensated by Home Warranty companies for marketing
services directed to particular homebuyers or sellers.
The following are excerpts from HUD’s interpretive rule:
RESPA (Real Estate Settlement Procedures Act) does not prohibit
a real estate broker or agent from referring business to a Home
Warranty Company. Rather, RESPA prohibits a real estate broker
or agent from receiving a fee for such a referral, as a referral
is not a compensable service.
A referral includes any oral or written action directed
to a person which has the effect of affirmatively influencing
the selection by any person of a provider of a settlement service
or business incident to or part of a settlement service when
such person will pay for such settlement service or business
incident thereto or pay a charge attributable in whole or in
part to such settlement service or business.
The compensation for the Home Warranty Company services
provided by the real estate broker or agent is contingent on
an arrangement that prohibits the real estate broker or agent
from performing services for other Home Warranty companies;
e.g. if a real estate broker or agent is compensated for performing
Home Warranty Company services for only one company, this is
evidence that the compensation may be contingent on such an
HUD has stated that the mere taking of an application is
not sufficient work to justify a fee under RESPA. SOURCE - www.choicehomewarranty.com/
The calculators and information contained herein are
made available to you as a self-help tool for illustrative use only. Examples
are hypothetical. We can not and do not guarantee the applicability or accuracy
in regards to your individual circumstances. I encourage you to seek personalized
advice from qualified professionals.