Enter the total appraisal amount ($) and the appraisal fee percentage (%) into the Appraisal Cost Calculator. The calculator will evaluate and display the Appraisal Cost.
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Appraisal Cost Formula
The following formula is used to calculate the Appraisal Cost.
AC = AA * AF/100
- Where AC is the Appraisal Cost ($)
- AA is the total appraisal amount ($)
- AF is the appraisal fee percentage (%)
To calculate an appraisal cost, multiply the appraisal amount by the fee percentage.
How to Calculate Appraisal Cost?
The following example problems outline how to calculate Appraisal Cost.
Example Problem #1:
- First, determine the total appraisal amount ($). The total appraisal amount ($) is given as 100,000.
- Next, determine the appraisal fee percentage (%). The appraisal fee percentage (%) is provided as 3.
- Finally, calculate the Appraisal Cost using the equation above:
AC = AA * AF/100
The values given above are inserted into the equation below:
AC = 100000 * 3/100 = 3000.00 ($)
Example Problem #2:
The variables needed for this problem are provided below:
total appraisal amount ($) = 1,000,000
appraisal fee percentage (%) = 5
Entering these values and solving gives:
AC = AA * AF/100 = 50,000 ($)
