Pennsylvania Seller Closing Cost & Net Calculator Instructions | Net Estimate
This
page explains the operation of the Pennsylvania
Seller Closing Cost & and net proceeds calculator. PA variety of settlement
fees have been entered for the "for sale by owner" (FSBO), however, if you're
a real estate professional and know the exact settlement fees, you can back
space out the pre-filled fees with your costs. After entering the sale/list
price, you can use the SELLER DESIRES TO NET > box to recalculate the cost
to achieve the desired net to seller. For example, let's say the bottom
line is zero to the seller and the seller wants $1,000, enter the $1,000
in the desired net box, and all the previous entries including the seller
assist and deed transfer tax percentage will recalculate in column two to
net the seller $1,000.
Use he PA Home Seller List Price
Calculator to estimate the list/sales price.
 |
Enter the sales price - click outside the box. If the seller is paying a flat dollar amount in commission (i.e.$4,000), enter it on the FLAT DOLLAR AMOUNT Line. Click outside the box. If however, the seller is paying a commission as a percentage, use the drop down box. |
 |
DEED TRANSFER TAX: Choose the deed transfer tax to seller with
the drop down box. By custom, buyer & seller split the cost. For
more information on the deed transfer tax please refer to the
PA Transfer
Tax Page. DEED TRANSFER TAX EXCEPTIONS: The drop down box are the "known" deed transfer tax exceptions. Add the state 1% to these percentages and divide by 2 if the seller and buyer are splitting the cost of the deed transfer tax. You can back space out the pre-set values & enter new values if necessary. |
 |
SELLER ASSIST: The buyer may request that the seller pay a percentage
of their closing costs (i.e. seller assist). The cost of the seller
paid closing costs is a reduction of the net proceeds to the seller.
If the seller assist is a percentage amount, use the drop down box,
however, if the seller is paying a "flat dollar amount (i.e. $4,000),
enter the cost on the FLAT DOLLAR AMOUNT line. Additional line items are provided. |
 |
You can enter the mortgage payoffs on these lines as well as any additional expenses. |
 |
As you can see, the seller will net $6,560. However, should the seller desire a higher net - enter the desired net in the SELLER DESIRES TO NET box (i.e. $10,000). Click outside the box. |
 |
As you can see, all of the numbers will recalculate to achieve the desired net, including the Realtor commission, deed transfer tax, and seller assist. In this case, $103,954. |
|
|