Home Selling Calculator shows you how long your monthly carrying costs for your mortgage and utilities will allow you to keep your house on the market when you want to sell it. It clearly shows effects of time on market on your net profit.

Pros: Every month a house is on the market there are some costs associated with it. For example the existing mortgage payments, utilities, insurance and such other costs eat into the target selling price and the target profit. This application is able to give you a clear tabular picture of what exactly is the erosion in sale proceeds when the house is on the market for months. Home Selling Calculator automatically displays financial answers on a spreadsheet-like grid as you enter or update loan values. Once the loan amount, interest payable and the term values are entered you get to find the monthly outgo on the mortgage. Desired sale price, current balance of the same, desired sale price, second mortgage balance, any other loans, property taxes, insurance, HOA dues and average monthly utilities bills are taken into consideration. This gives you an estimate of the carrying costs.

Prorated property taxes of the current year, sales commission, as well as any other commission or taxes are taken into account to arrive at the effect of the house lying around prior to a deal being made. These being the sales related expenses. The program then presents the real sale proceeds when you do get the desired price. Home Sellng Calculator is a financial calculator works with Windows NT/2000/XP/Vista systems and offers integrated help, automatic hints, free online updates, and includes a user-friendly registration system.

Cons: Being an initial version one needs to cautious but nothing particularly problematic was noticed.

Overall: Though created for a very specific purpose the results are presented well. This is definitely good for a very good 3 star level rating.