body {
font-family: ‘Segoe UI’, Tahoma, Geneva, Verdana, sans-serif;
background-color: #f8f9fa;
color: #333;
line-height: 1.6;
margin: 0;
padding: 20px;
display: flex;
justify-content: center;
align-items: flex-start;
min-height: 100vh;
}
.loan-calc-container {
background-color: #ffffff;
padding: 30px;
border-radius: 8px;
box-shadow: 0 4px 15px rgba(0, 0, 0, 0.1);
width: 100%;
max-width: 700px;
margin-top: 20px;
}
h1 {
color: #004a99;
text-align: center;
margin-bottom: 25px;
font-size: 2.2em;
}
.input-group {
margin-bottom: 20px;
display: flex;
align-items: center;
gap: 15px;
}
.input-group label {
flex-basis: 180px; /* Fixed width for labels */
font-weight: 600;
color: #004a99;
text-align: right;
}
.input-group input[type=”number”],
.input-group input[type=”text”] {
flex-grow: 1;
padding: 12px 15px;
border: 1px solid #ced4da;
border-radius: 5px;
font-size: 1em;
box-sizing: border-box;
}
.input-group input[type=”number”]:focus,
.input-group input[type=”text”]:focus {
border-color: #004a99;
outline: none;
box-shadow: 0 0 0 3px rgba(0, 74, 153, 0.2);
}
.button-group {
text-align: center;
margin-top: 30px;
margin-bottom: 30px;
}
button {
background-color: #004a99;
color: white;
padding: 12px 25px;
border: none;
border-radius: 5px;
font-size: 1.1em;
cursor: pointer;
transition: background-color 0.3s ease, transform 0.2s ease;
font-weight: 600;
}
button:hover {
background-color: #003366;
transform: translateY(-2px);
}
button:active {
transform: translateY(0);
}
#result-container {
background-color: #e7f3ff;
border-left: 5px solid #28a745;
padding: 20px;
margin-top: 30px;
border-radius: 5px;
text-align: center;
}
#result-container h2 {
margin-top: 0;
color: #004a99;
font-size: 1.8em;
}
#result-container p {
font-size: 1.3em;
font-weight: bold;
color: #28a745;
margin-bottom: 0;
}
#result-container .label {
font-size: 1em;
font-weight: normal;
color: #555;
display: block;
margin-bottom: 5px;
}
.article-section {
margin-top: 40px;
padding-top: 30px;
border-top: 1px solid #e0e0e0;
}
.article-section h2 {
color: #004a99;
margin-bottom: 15px;
font-size: 1.7em;
}
.article-section p, .article-section ul, .article-section li {
margin-bottom: 15px;
color: #555;
}
.article-section h3 {
color: #004a99;
margin-top: 20px;
margin-bottom: 10px;
}
.article-section code {
background-color: #eef;
padding: 2px 5px;
border-radius: 3px;
font-family: Consolas, Monaco, ‘Andale Mono’, ‘Ubuntu Mono’, monospace;
}
/* Responsive adjustments */
@media (max-width: 600px) {
.input-group {
flex-direction: column;
align-items: stretch;
gap: 8px;
}
.input-group label {
text-align: left;
flex-basis: auto;
margin-bottom: 5px;
}
.input-group input[type=”number”],
.input-group input[type=”text”] {
width: 100%;
box-sizing: border-box;
}
h1 {
font-size: 1.8em;
}
#result-container h2 {
font-size: 1.5em;
}
#result-container p {
font-size: 1.1em;
}
button {
font-size: 1em;
padding: 10px 20px;
}
}
Home Sales Profit Calculator
Calculate your estimated profit after selling your home. This calculator helps estimate the net proceeds by accounting for the sale price, costs of selling, and any remaining mortgage balance.
Estimated Net Proceeds
$0.00
Understanding Your Home Sale Profit
Selling a home involves more than just receiving the sale price. Several costs and obligations will reduce the amount of cash you walk away with. This Home Sales Profit Calculator helps you estimate your net proceeds, which is the actual amount of money you can expect to receive after all expenses are paid.
Key Components of Home Sale Profit Calculation
The calculation involves several inputs:
- Sale Price: This is the agreed-upon price at which you are selling your home.
- Selling Costs (%): These are typically real estate agent commissions. A common rate is between 5% and 6% of the sale price. Our calculator takes this percentage and applies it to the sale price to determine the commission amount.
- Closing Costs ($): These are additional fees associated with the sale and transfer of property. They can include title insurance, escrow fees, transfer taxes, recording fees, and attorney fees. These are usually a fixed dollar amount.
- Outstanding Mortgage ($): This is the remaining balance on your mortgage loan that must be paid off to the lender at the time of sale.
How the Calculator Works
The calculator determines your estimated net proceeds using the following formula:
Net Proceeds = Sale Price - Selling Costs Amount - Closing Costs - Outstanding Mortgage
Where:
Selling Costs Amount = Sale Price * (Selling Costs Percentage / 100)
Essentially, it subtracts all the major expenses from the total sale price to show you your estimated profit.
Example Calculation
Let’s consider an example:
- Sale Price: $500,000
- Selling Costs (%): 6%
- Closing Costs ($): $5,000
- Outstanding Mortgage ($): $300,000
Step 1: Calculate Selling Costs Amount
Selling Costs Amount = $500,000 * (6 / 100) = $30,000
Step 2: Calculate Total Expenses
Total Expenses = Selling Costs Amount + Closing Costs + Outstanding Mortgage
Total Expenses = $30,000 + $5,000 + $300,000 = $335,000
Step 3: Calculate Net Proceeds
Net Proceeds = Sale Price - Total Expenses
Net Proceeds = $500,000 - $335,000 = $165,000
In this scenario, the estimated net proceeds from selling the home would be $165,000.
Important Considerations
This calculator provides an estimate. Actual costs can vary. It’s always a good idea to consult with your real estate agent and a financial advisor for precise figures and advice tailored to your specific situation. Other potential costs not included here might be moving expenses, repairs requested by the buyer, or capital gains taxes.
function calculateProfit() {
var salePrice = parseFloat(document.getElementById(“salePrice”).value);
var sellingCostsPercentage = parseFloat(document.getElementById(“sellingCostsPercentage”).value);
var closingCosts = parseFloat(document.getElementById(“closingCosts”).value);
var outstandingMortgage = parseFloat(document.getElementById(“outstandingMortgage”).value);
var netProceeds = 0;
var resultLabel = “”;
var resultContainer = document.getElementById(“result-container”);
// Input validation
if (isNaN(salePrice) || salePrice < 0 ||
isNaN(sellingCostsPercentage) || sellingCostsPercentage < 0 ||
isNaN(closingCosts) || closingCosts < 0 ||
isNaN(outstandingMortgage) || outstandingMortgage < 0) {
resultContainer.style.display = 'block';
document.getElementById("netProceeds").textContent = "Invalid Input";
document.getElementById("netProceeds").style.color = "#dc3545"; // Red for errors
document.getElementById("resultLabel").textContent = "Please enter valid positive numbers for all fields.";
return;
}
var sellingCostsAmount = salePrice * (sellingCostsPercentage / 100);
var totalExpenses = sellingCostsAmount + closingCosts + outstandingMortgage;
netProceeds = salePrice – totalExpenses;
// Format the output to two decimal places
var formattedNetProceeds = netProceeds.toLocaleString(undefined, { minimumFractionDigits: 2, maximumFractionDigits: 2 });
resultContainer.style.display = 'block';
document.getElementById("netProceeds").textContent = "$" + formattedNetProceeds;
document.getElementById("netProceeds").style.color = "#28a745"; // Green for success
if (netProceeds < 0) {
resultLabel = "You may have a loss on this sale. Re-evaluate costs or sale price.";
document.getElementById("netProceeds").style.color = "#dc3545"; // Red if negative
} else if (netProceeds === 0) {
resultLabel = "You are breaking even on this sale.";
document.getElementById("netProceeds").style.color = "#ffc107"; // Yellow/Orange for break-even
} else {
resultLabel = "Estimated profit after all costs.";
document.getElementById("netProceeds").style.color = "#28a745"; // Green for profit
}
document.getElementById("resultLabel").textContent = resultLabel;
}