Home Sale Proceeds Calculator
Estimate how much cash you will walk away with after selling your house.
Total Commission:
$0.00
Total Selling Expenses:
$0.00
Mortgage Payoff:
$0.00
Estimated Net Proceeds:
$0.00
How to Use the Sale My House Calculator
Selling a home involves much more than just the final sale price. To understand your actual profit, you must subtract various obligations and transaction costs. This calculator helps you determine your "Net Proceeds"—the actual cash you receive at the closing table.
Breaking Down the Costs of Selling a Home
- Agent Commission: Typically the largest expense, ranging from 5% to 6% of the sale price, usually split between the listing agent and the buyer's agent.
- Mortgage Payoff: This includes the remaining principal on your loan, plus any accrued interest up to the day of closing.
- Closing Costs: These are fees paid to the title company or attorney, transfer taxes, and recording fees. They typically range from 1% to 3% of the sale price.
- Repairs and Staging: Money spent to get the house market-ready, such as painting, landscaping, or fixing items found during the home inspection.
Example Calculation
Imagine you are selling your home for $500,000.
- Agent Commission (6%): $30,000
- Remaining Mortgage: $250,000
- Closing Costs: $5,000
- Repairs: $2,000
Your total expenses would be $287,000 ($30k + $250k + $5k + $2k). Your Net Proceeds would be $213,000 ($500,000 – $287,000).
Why Estimating Net Proceeds Matters
Knowing your net proceeds is essential for planning your next move. Whether you are buying a new home or relocating, you need to know exactly how much equity you can put toward a new down payment or other financial goals. Always remember that these are estimates; property tax prorations and final utility bills can slightly adjust the final figure at closing.