The answer to your question can not be simply answered by figures alone. The amount you would receive after the closing would depend on who you sell your house to. If you sell to a person that is using VA benefits you could be required to pay all closing cost as if the Vet would truly want a VA no no then anyone selling them a house would be required to pay all the closing cost.
Not to say that they will exercise that right, however they could. A FHA borrower bring about the same as to what is required for down payment as well as closing. The numbers as you present them appear to be as follows Sale price $75,000 minus current mortgage loan balance of $52,000 comes to $23,000.
Then utilizing a real estate agent would be approximately 6% or what you could get a real estate agent to sell you house for, they claim that figure is 6% of the eventual sales price, therefore we will use that figure which comes to $4500 so minus $23,000 minus the real estate commission you now have $18,500 left. I h ave no idea how long you have had your current mortgage loan. If it is less than 2 years you might be charged a fee by your lender for early payoff.
I did not deduct this cost as I have no idea how long you have had you current mortgage. There might be other fees that the buyer would want you to pay. So you should net between $18,000 and $15,000 upon completion of the transaction.
I hope this has been of some benefit to you,good luck. "FIGHT ON.
It depends on the commission amount you negotiate, also your city and county transfer tax, any other liens that maybe associated with the property , how much if any federal taxes with held the list goes on. Your Realtor will do a break down of the cost at the listing appointment, hopefully and give you a rough estimate. It is usually pretty close give or take a couple hundred.
I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.