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Home	Seller Proceeds Calculator	Your Company Home Page	Short Sale Info
OHFA Program Info	Compare Loan Payments	The Cost of Renting	Home Buying Guides

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This Calculator is only intended to provide and Estimate of Seller Proceeds..   The costs shown are only the ones I have typically found in the standard sales contracts used by a majority of the Realtors^r  in the general Northern Ohio/Cleveland Market Area.   Consult your Realtor^r or Title Company for Verification of current costs.  

At the top of the Calculator Page you have Buttons that permit you to enter typical seller closing costs for FHA / VA or Conventional loans.   A Calculate Button is included on the calculator.  In most cases it will not be necessary to use it, unless your web browser does not automatically recalculate numbers.  One final warning, until you leave a field the numbers will not be updated.  This Table presents some common questions I have been asked.  

Items that Affect the Sales Price of your Home
Affect Sales Price	Do Not Affect Sales Price
How much the buyer is willing to pay Location, condition and size of the property Dates within the contract. Recent sales on homes similar to yours. Sales Concessions or Special Financing Offered	How much cash you need to complete another purchase The list price of your home How Much the buyer can afford to pay The Balance of your Mortgage(s) Other bills you want to pay off when the home is sold
Effect on Changes to Sales Price
Effect on Seller Proceeds	Effect on Buyer Cost of Home
Every $1,000 change in the sales price will affect your proceeds by approx. $922.00. (Assumes 7% Realtors Commission)  This is because most of a sellers closing costs are fixed amounts.   Generally, the only variable costs are the Rate of Commission, Title Insurance costs and County Transfer taxes.	Every $1,000 change in sales price has some cost to the buyer.  Consider,  At 7.00% for a 30 Year loan, a  $1,000 change in their loan amounts to $6.65 more per month and $2,395 over the life of the loan.  The buyer could use cash in the bank to make up this difference, however they will need to assign an additional cost above the $1,000 to cover lost interest income.
Contract Dates    How soon or quickly the offer is received or closes should be looked at when considering an offer.   Every month the property remains on the market has cost.   The cost could be your mortgage payment,  property taxes or investment income you could receive on the sales proceeds.  Costs could also be the cost of a bridge loan for a new purchase you are considering.   Sometimes an Early offer is the best offer considering all factors.
Sales Concessions   As stated above Sales or Special Financing Concessions can affect the sales price of your home.  The "Net Offer" line is the number you should look at when looking at a contract that asks for your assistance.  Look at this number as a price the buyer would have offered you if they had not asked your for financing assistance.   Accepting an offer with Sales concessions can be a WIN/WIN for Buyers and Sellers provided the concessions are reasonable for current market conditions and the ranges of sales prices appraisers could use as comparable sales.
Automatic Title Insurance Calculations based upon 5.75 Per 1,000 up to $150,000 then 4.50 per 1,000 up to $250,000 then 3.50 Per 1,000 up to $500,000 then 2.75 per 1,000 above that With a Min charge of 350.00 Title Insurance Cost assumed to be Split 50/50 between Buyer and Seller.
Final Words If you are looking for a new mortgage, please contact me.   The total package that I can offer you will normally be better than you will find.    Total Package to me it the BEST program to meet your needs as a buyer, with closing costs and loan fees equal or better than other lenders.

Set Defaults
Seller's Estimate of Net Proceeds
JavaScript required. Do not use Commas or Dollar Signs when Keying amounts
Sale Price:
Buyers Request for Points, Closing Costs and Prepaids
Misc. Fees associated with Buyers Loan or  FHA / VA Loan Fees)
Net Offer
Standard Closing Costs
	Escrow Fee			$275-400.
	Title Exam Fee			$300- 500.
	Title Insurance			per 1K of Sales Price Set/View Automatic
	Recording Fee			$20-40 Depends on County
	Document Preparation/Misc.			0-$200
	Deed Prep			$40-100 To Attorney
	County Transfer Tax			per $1,000 of Sales Price
	Hold Signature (per Mortgage)			15-25 per Mortgage on property
Estimated Closing Costs
Prorated Taxes     Taxes Per 1/2 Year  Transfer Date Month Day
Commission Rates:    Manual Keyed Commission Straight 7% Straight 6% Straight 5% 7% Graduated (7% First $100,000 THEN 5%) 6% Graduated (6% First $100,000 THEN 5%) 6% For Total Purchase 3% for Buyers Broker (Manually enter Listers Fee) 3.5% for Buyers Broker (Manually enter Listers Fee) Brokerage Fee (Amount or Percentage of Sales Price)
Brokerage Fee (Amount or Percentage of Sales Price)
Net Proceeds
	Pay off 1st Mortgage
	Pay off 2nd Mortgage
Estimated Net Proceeds to Seller:
See Notes and Disclaimer at the top of this WEB Page Additional Information and Calculators available at http://AllOhioMortgage.com

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Tim Bradford  Lending Specialist  216-324-8113

This Site is Maintained and Supported by Tim Bradford, A Loan Officer
with American Midwest Mortgage Corp.  Consider Visiting his AllOhioMortgage.com Website.
or start a Pre Approval or Online Loan Application

This site is designed for consumers looking to buy or sell a home, or find a qualified real estate agent and Realtor in the following towns in the Northern Ohio, Greater Cleveland, Ohio area: Westlake, Rocky River, Avon, Avon Lake, Bay Village, West Park, Ohio City, Lakewood, Fairview Park, North Ridgeville, North Olmsted, Olmsted Falls, Elyria, Lorain, Medina, Lyndhurst, Berea, Middleburg Heights, Parma, Strongsville, Independence, Brecksville, Sheffield, Broadview Heights, or North Royalton.  Tim Bradford is a full time Mortgage Banker/Broker serving Northern Ohio, Including Cuyahoga County, Lorain County, and Medina County. 

If you are looking for a home to buy, a homes for sell, to find a Realtor, MLS Listings, Cleveland Relocation Information, First Time Home Buyer information, home values or property Values, Multiple Listing Service, buyers agent, real estate investment, hud homes, or foreclosures, This site has the information that you are looking for.