Real Estate Math Calculations

0.0(0)
Studied by 0 people
call kaiCall Kai
learnLearn
examPractice Test
spaced repetitionSpaced Repetition
heart puzzleMatch
flashcardsFlashcards
GameKnowt Play
Card Sorting

1/5

encourage image

There's no tags or description

Looks like no tags are added yet.

Last updated 7:10 PM on 6/22/26
Name
Mastery
Learn
Test
Matching
Spaced
Call with Kai

No analytics yet

Send a link to your students to track their progress

6 Terms

1
New cards

Calculations for Buyers Mortgage Payment

Multiply Mortgage amount by factor, divide by 1000. (Mortgage Amount X Factor / 1000)

2
New cards

Calculation For Prorations

  1. last years tax bill/365 = daily rate

  2. Calculate the number of calendar days prior to closing. 

    There are 180 days from January 1 to June 29 
    Seller expenses are prorated through the day prior to closing. 

  3. Multiply the number of days by the daily tax rate to determine the seller's responsibility. 

    $13.6986 x 180 days = $2,465.75 

3
New cards

Calculation for Property Taxes

mill rate/1000.

Covert mill rate to decimal X assessed value

Ex: 30/1000= 0.03, 0.03 X assessed Value

4
New cards

What is the Calculation for Square Footage?

Calculation: Single story - L x W =

Multiple story house - L x W x # of stories =

1 acre = 43,560

5
New cards

What is the Wisconsin Transfer fee Calculations?

Round selling price to nearest $100 and multiply by 0.003

6
New cards

Calculation for Commission