Get Cardinal Pacific Escrow Sellers Net Proceeds - Fha Loan Worksheet

Filling out the Cardinal Pacific Escrow Sellers Net Proceeds - FHA Loan Worksheet online can help you calculate your expected financial outcome from a property sale. This guide provides clear, step-by-step instructions to ensure you complete the form accurately and efficiently.

Follow the steps to successfully complete the worksheet.

1. Click ‘Get Form’ button to obtain the worksheet and open it in your preferred document editor.
2. Begin by entering the seller's name and the property address at the top of the form. This information is crucial for identifying the transaction.
3. Next, input the anticipated sales price of the property in the designated field.
4. Fill out the section for the seller's loan payoff. Enter the principal remaining balance due on the existing loan, and include the monthly interest payment. If the loan is FHA, remember to deduct an additional month.
5. Add costs related to the payoff statement and reconveyance fees, followed by any prepayment penalties or recording fees that apply.
6. Sum up the total of the first payoff and subtract this total from the sales price to continue.
7. If there are any additional loan payoffs, list those amounts here.
8. Proceed to the title company fees section. Enter the title insurance policy cost, recording fees, documentary transfer tax, and any other related fees as specified.
9. Continue to the escrow fees, where you need to provide details on the base escrow fee, document preparation, demand fee, and any audit fees.
10. In the termite company fees section, include the inspection cost and any repair costs as necessary.
11. List any homeowners association fees, including monthly dues and transfer fees.
12. Include other charges such as home warranty costs and property hazard disclosures.
13. Calculate the prorations for property tax and any related HOA fees, as well as rent prorations or security deposits if applicable.
14. Document any buyer’s non-allowable costs and specify the real estate broker fees along with any miscellaneous costs.
15. Finally, subtract total closing costs from the anticipated sales price to determine the estimated seller net proceeds.
16. Review all entries for accuracy. Once satisfied, you can save your changes, download, print, or share the completed form.

Start filling out your documents online today for an efficient experience.