Home Equity Snapshot

Name: Felix Oyeleke Real Estate
Address: St. John's, NL, CA
Telephone: +17092199882
Price range: $$

Estimate gross and net equity before listing your property.

Estimated Home ValueRemaining Mortgage BalanceSelling Costs (%)Preparation/Staging BudgetOther Liens Or Costs

How This Is Calculated

1) Gross Equity = Home Value - Mortgage Balance = $620,000 - $330,000 = $290,000

2) Selling Costs = Home Value x Selling Cost % = $620,000 x 5% = $31,000

3) Net Equity = Gross Equity - Selling Costs - Prep Budget - Other Costs

4) Net Equity = $290,000 - $31,000 - $6,000 - $0 = $253,000