- Estimated closing date
- The estimated date that the actual home sale will take place. This date is used to determine the final interest due on any mortgages and any pro-rated homeowner's insurance and property taxes.
- Sale price
- Price that will be paid for the home. This is the actual price of the home before any fees or expenses.
- Mortgage one balance
- Balance of the first mortgage on the home.
- Mortgage one interest rate
- Interest rate for the mortgage on the home. This is used to calculate any remaining interest due at the time of closing. Total mortgage payoff amount is the balance plus interest.
- Day payment is due
- The day of the month your mortgage payment is due.
- Prepayment penalty
- Any penalty you are required to pay if you pay off your mortgage early. Most mortgages will not have a prepayment penalty.
- Accrued interest
- Interest that is due for your mortgage on the closing date. This is the number of days between your normal payment day of the month and the closing date times your daily interest rate.
- Mortgage two balance
- Remaining balance on your second mortgage as of your last payment. If you do not have a second mortgage please enter $0.
- Mortgage two interest rate
- The interest rate for the a second mortgage you may have on the home. This is used to calculate any remaining interest due at the time of closing. Total mortgage payoff amount is the balance plus interest. If you do not have a second mortgage this input is ignored.
- Day payment is due
- Day of the month your payment for the second mortgage is due. If you do not have second mortgage this entry is ignored.
- Prepayment penalty
- Any penalty you required to pay if you pay off a your second mortgage early. Most mortgages will not have a prepayment penalty.
- Accrued interest
- Interest that is due on your second mortgage on the closing date. This is the number of days between your normal payment day of the month and the closing date times your daily interest rate.
- Annual property tax
- Annual property taxes for your home.
- Property taxes paid through
- Date that you have paid your property taxes through. This date is used to determine the prorated amount you will be credited at your closing.
- Annual homeowner's insurance
- Your homeowner's annual insurance premium.
- Insurance paid through
- Date that you have paid your homeowner's insurance taxes through. This date is used to determine the prorated amount you will be credited at your closing.
- Selling broker commission
- Percentage of the home purchase price that the seller's broker will receive as their commission.
- Buying broker commission
- Percentage of the home purchase price that the buyer's broker will receive as their commission.
- Transfer tax
- Percentage of the home purchase price that is paid as a transfer tax.
- Closing fees
- Any closing fees required to be paid by the seller.
- Legal fees
- Legal fees required to be paid by the seller.
- Repair allowance
- Any amount paid by the seller for the repair of the home.
- Home warranty
- Any amount to be paid by the seller of the home to furnish a home warranty to the buyer.
- Survey fee
- Survey fee or expense required to be paid by the seller.
- Appraisal fee
- Appraisal fee or expense required to be paid by the seller.
- Other fee
- Any additional fee required to be paid by the seller.
