How Much Will I Make Selling My Home?
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One of the most important questions consumers will ask themselves is, "How much money will I make selling my home?" That's dependent on several things, including: the amount you still owe on the home and what you will have to pay your realtor for selling the home. If you have a second mortgage, home equity loan, or line of credit on the property you'll have to pay that off when you sell the home. When you sell a home, you'll also have to pay interest on your outstanding mortgage balance from the date of your last payment until the date of the sale. You're also liable for property taxes up until the day you sell the home. At times, sellers have additional expenses. Local governments will often require that you pay a transfer tax when the home is sold. Incidental closing costs may also nibble away at your proceeds.

Use this calculator to determine how much you could make by selling your home.

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Article provided by Fintactics

© 2015 Fintactics

The calculations provided by this calculator are based entirely on the information you enter, including any loan amount and/or interest rate. These calculations do not reflect the terms available for any Regions loans or whether you qualify for any Regions loan. Mortgage insurance premium may be necessary for Loan to Values above 80 percent. Find out more about Regions loans.

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