Appraisal Cost Calculator

Formula

The formula to calculate the Appraisal Cost (AC) is:

\[ AC = AA \times \frac{AF}{100} \]

Where:

$AC$ is the Appraisal Cost ($)
$AA$ is the total appraisal amount ($)
$AF$ is the appraisal fee percentage (%)

What is Appraisal Cost?

The appraisal cost is the total fee charged for an appraisal service. It is calculated by multiplying the total appraisal amount by the appraisal fee percentage. This cost is important for determining the expenses involved in valuing a property or asset.

Example Calculation

Let's assume the following values:

Total Appraisal Amount (AA) = $100,000
Appraisal Fee Percentage (AF) = 1.5%

Using the formula:

\[ AC = 100,000 \times \frac{1.5}{100} = 100,000 \times 0.015 = 1,500 \]

The Appraisal Cost is $1,500.