Selling My House Calculator

Use this calculator to estimate the net proceeds you might receive from selling your home, taking into account various costs associated with the sale.

Estimated Sale Price ($):

Outstanding Mortgage Balance ($):

Real Estate Agent Commission Rate (%):

Seller Closing Costs Rate (% of Sale Price):

Estimated Repair/Renovation Costs ($):

Estimated Staging Costs ($):

Seller Concessions (e.g., buyer closing costs) ($):

function calculateSellingProceeds() { var estimatedSalePrice = parseFloat(document.getElementById("estimatedSalePrice").value); var outstandingMortgage = parseFloat(document.getElementById("outstandingMortgage").value); var agentCommissionRate = parseFloat(document.getElementById("agentCommissionRate").value); var closingCostsRate = parseFloat(document.getElementById("closingCostsRate").value); var repairCosts = parseFloat(document.getElementById("repairCosts").value); var stagingCosts = parseFloat(document.getElementById("stagingCosts").value); var sellerConcessions = parseFloat(document.getElementById("sellerConcessions").value); // Validate inputs if (isNaN(estimatedSalePrice) || estimatedSalePrice < 0) estimatedSalePrice = 0; if (isNaN(outstandingMortgage) || outstandingMortgage < 0) outstandingMortgage = 0; if (isNaN(agentCommissionRate) || agentCommissionRate < 0) agentCommissionRate = 0; if (isNaN(closingCostsRate) || closingCostsRate < 0) closingCostsRate = 0; if (isNaN(repairCosts) || repairCosts < 0) repairCosts = 0; if (isNaN(stagingCosts) || stagingCosts < 0) stagingCosts = 0; if (isNaN(sellerConcessions) || sellerConcessions < 0) sellerConcessions = 0; // Calculations var totalCommission = estimatedSalePrice * (agentCommissionRate / 100); var totalClosingCosts = estimatedSalePrice * (closingCostsRate / 100); var totalSellingExpenses = totalCommission + totalClosingCosts + repairCosts + stagingCosts + sellerConcessions; var grossProceeds = estimatedSalePrice – totalSellingExpenses; var netProceedsAfterMortgage = grossProceeds – outstandingMortgage; var resultDiv = document.getElementById("sellingResult"); resultDiv.innerHTML = `

Your Estimated Selling Proceeds:

Estimated Sale Price: $${estimatedSalePrice.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2})} Total Agent Commission (${agentCommissionRate}%): $${totalCommission.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2})} Total Seller Closing Costs (${closingCostsRate}%): $${totalClosingCosts.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2})} Estimated Repair/Renovation Costs: $${repairCosts.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2})} Estimated Staging Costs: $${stagingCosts.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2})} Seller Concessions: $${sellerConcessions.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2})}

Total Selling Expenses: $${totalSellingExpenses.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2})} Gross Proceeds (before mortgage payoff): $${grossProceeds.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2})} Outstanding Mortgage Balance: $${outstandingMortgage.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2})}

Net Proceeds After Mortgage Payoff: $${netProceedsAfterMortgage.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2})} `; } .selling-house-calculator-container { font-family: 'Segoe UI', Tahoma, Geneva, Verdana, sans-serif; background-color: #f9f9f9; padding: 25px; border-radius: 10px; box-shadow: 0 4px 12px rgba(0, 0, 0, 0.1); max-width: 600px; margin: 30px auto; border: 1px solid #e0e0e0; } .selling-house-calculator-container h2 { color: #2c3e50; text-align: center; margin-bottom: 20px; font-size: 1.8em; } .selling-house-calculator-container p { color: #555; line-height: 1.6; margin-bottom: 15px; } .calculator-form .form-group { margin-bottom: 15px; display: flex; flex-direction: column; } .calculator-form label { margin-bottom: 8px; color: #34495e; font-weight: bold; font-size: 0.95em; } .calculator-form input[type="number"] { padding: 12px; border: 1px solid #ccc; border-radius: 6px; font-size: 1em; width: 100%; box-sizing: border-box; transition: border-color 0.3s ease; } .calculator-form input[type="number"]:focus { border-color: #007bff; outline: none; box-shadow: 0 0 0 3px rgba(0, 123, 255, 0.25); } .calculator-form button { background-color: #28a745; color: white; padding: 14px 25px; border: none; border-radius: 6px; cursor: pointer; font-size: 1.1em; font-weight: bold; width: 100%; box-sizing: border-box; transition: background-color 0.3s ease, transform 0.2s ease; margin-top: 20px; } .calculator-form button:hover { background-color: #218838; transform: translateY(-2px); } .calculator-form button:active { transform: translateY(0); } .calculator-result { background-color: #e9f7ef; border: 1px solid #d4edda; border-radius: 8px; padding: 20px; margin-top: 25px; color: #155724; font-size: 1.05em; } .calculator-result h3 { color: #2c3e50; margin-top: 0; margin-bottom: 15px; font-size: 1.5em; text-align: center; } .calculator-result p { margin-bottom: 8px; display: flex; justify-content: space-between; align-items: center; padding-bottom: 5px; border-bottom: 1px dotted #c3e6cb; } .calculator-result p:last-of-type { border-bottom: none; font-size: 1.2em; font-weight: bold; color: #007bff; margin-top: 15px; padding-top: 10px; border-top: 2px solid #28a745; } .calculator-result p strong { color: #2c3e50; } .calculator-result hr { border: none; border-top: 1px solid #c3e6cb; margin: 15px 0; }

Understanding Your Home Sale Proceeds

Selling a house involves more than just finding a buyer and agreeing on a price. There are numerous costs that can significantly impact the final amount of money you walk away with. Our "Selling My House Calculator" is designed to give you a clear estimate of your net proceeds by factoring in these common expenses.

Key Factors in Calculating Your Net Proceeds:

Estimated Sale Price: This is the price you expect your home to sell for. It's the starting point for all calculations.
Outstanding Mortgage Balance: If you have a mortgage, this is the amount you still owe on your home. This will be paid off from the sale proceeds.
Real Estate Agent Commission Rate: Typically, sellers pay the commission for both their agent and the buyer's agent. This is usually a percentage of the sale price (e.g., 5-6%).
Seller Closing Costs Rate: These are various fees associated with closing the sale, which the seller is responsible for. They can include title insurance, escrow fees, transfer taxes, attorney fees, and recording fees. These are often estimated as a percentage of the sale price (e.g., 1-3%).
Estimated Repair/Renovation Costs: Any money you spend to get your house ready for sale, such as painting, minor repairs, or significant renovations, directly reduces your net proceeds.
Estimated Staging Costs: Professional home staging can help your home sell faster and for a better price, but it's an upfront cost to consider.
Seller Concessions: Sometimes, to sweeten the deal or address buyer concerns, sellers agree to pay a portion of the buyer's closing costs or offer other financial incentives.

How the Calculator Works:

The calculator takes your estimated sale price and subtracts all the associated selling expenses to determine your gross proceeds. From this gross amount, your outstanding mortgage balance is then deducted to arrive at your final estimated net proceeds. This figure represents the cash you can expect to receive after all obligations are met.

Example Scenario:

Let's say you're selling your house for $400,000. You have an outstanding mortgage of $250,000. Your real estate agent charges a 5.5% commission, and seller closing costs are estimated at 2% of the sale price. You spent $5,000 on repairs and $1,000 on staging.

Estimated Sale Price: $400,000
Agent Commission (5.5% of $400,000): $22,000
Seller Closing Costs (2% of $400,000): $8,000
Repair Costs: $5,000
Staging Costs: $1,000
Total Selling Expenses: $22,000 + $8,000 + $5,000 + $1,000 = $36,000
Gross Proceeds: $400,000 – $36,000 = $364,000
Outstanding Mortgage: $250,000
Net Proceeds After Mortgage: $364,000 – $250,000 = $114,000

In this example, you would walk away with an estimated $114,000 after all costs and your mortgage are paid off.

Why This Calculator is Important:

Understanding these costs upfront helps you set a realistic asking price, budget for your next home, and avoid surprises at the closing table. It empowers you to make informed decisions throughout the home selling process.