Underwriting worksheet — No. 02

Wholesale fee optimizer

Same contract, same buyer, three ways out. Assignment, double close, novation — priced line by line so you can see which exit actually pays you the most.

Basis of estimate: One deal, at closing, state transfer tax applied
Leading measure: Net profit on the winning exit
Prepared by: Aldo Chandra, Philadelphia PA

Net profit — best exit

$35,000

Winning exit — Assignment

What you keep after every closing cost the winning exit carries. Change any assumption below and this figure restates immediately.

Supporting measureThis deal

Gross spreadEnd buyer price less contract price $35,000

Spread on contract 29.2%

Transfer tax jurisdiction PA

Schedule of assumptions

Adjust any line; every figure on this page restates immediately.

The contract

Line itemAssumption

Purchase price, contract $

Your contract price with the seller.

End buyer price $

What the buyer will pay.

State

Sets transfer tax and recording fees.

Closing costs

Per closing. A double close pays the title line twice.

Line itemAssumption

Title and escrow fees $

Charged per closing, so a double close carries it on both sides.

Earnest money deposit $

Money at risk while the contract is live. Recorded here for the file; it comes back to you at closing on every exit.

Transactional funding fee 1.5%

One to three day loan that funds the double close, priced on the contract amount.

Novation costs

Only the novation exit carries these.

Line itemAssumption

Agent commission 3.0%

Paid on the retail sale price.

Marketing costs $

Photos, cleanout, listing spend.

Net profit by exit

Bars scaled against the best exit.

Three exits, one winner

Same contract, same buyer. The costs are what separate them.

The call

Read this before you pick a title company.

Estimates for planning only. Transfer taxes, recording fees, title charges, and what a title company will actually allow vary by county, closer, and deal. Confirm the numbers with your title company and attorney before you sign anything. Nothing here is tax, legal, or investment advice.

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