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Closing Cost Worksheet for Sale of Property
SALE OF EXISTING PROPERTY SELLING PRICE: $_______________ EXPENSES: Real Estate Commission: $__________ GST on Commission: $__________ Disbursements on Sale: $__________ Payout to Discharge 1st Mortgage: $__________ (obtain balance in writing) Penalty to discharge 1st Mortgage: $___________ (if applicable) Discharge Administration Fee: $__________ Payout 2nd Mortgage: $___________ (obtain balance in writing) Penalty to discharge 2nd Mortgage: $__________ (if applicable) Discharge Administration Fee: $__________ Property Taxes (paid up to date): $__________ Other debts to be paid out from sale: $__________ TOTAL EXPENSES: $__________ TOTAL CASH FROM SALE: $___________
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