SELLING COST CALCULATIONS Use this handy table to calculate your selling costs. Once you have completed the table, PRINT THIS PAGE for future reference. APPROXIMATE SALE PRICE LESS SALES COMMISSION @ LESS GST @ 7% FIRST MORTGAGE PRINCIPAL DISCHARGE PENALTY SECOND MORTGAGE PRINCIPAL DISCHARGE PENALTY LEGAL COSTS MISCELLANEOUS COSTS TOTAL CLOSING COSTS CASH ON HAND AFTER CLOSING (SALE PRICE minus TOTAL SELLING COSTS)