Selling Home Calculator

Home Selling Net Proceeds Calculator

Use this calculator to estimate the net proceeds you might receive from selling your home. It takes into account your estimated sale price, outstanding mortgage, real estate agent commissions, seller closing costs, and any additional expenses like repairs or buyer concessions. Understanding these costs upfront can help you budget and plan effectively for your home sale.

function calculateSellingProceeds() { var estimatedSalePrice = parseFloat(document.getElementById('estimatedSalePrice').value); var outstandingMortgage = parseFloat(document.getElementById('outstandingMortgage').value); var agentCommissionRate = parseFloat(document.getElementById('agentCommissionRate').value); var sellerClosingCostsRate = parseFloat(document.getElementById('sellerClosingCostsRate').value); var repairStagingCosts = parseFloat(document.getElementById('repairStagingCosts').value); var buyerConcessions = parseFloat(document.getElementById('buyerConcessions').value); // Validate inputs if (isNaN(estimatedSalePrice) || estimatedSalePrice <= 0) { alert('Please enter a valid Estimated Sale Price.'); return; } if (isNaN(outstandingMortgage) || outstandingMortgage < 0) { alert('Please enter a valid Outstanding Mortgage Balance.'); return; } if (isNaN(agentCommissionRate) || agentCommissionRate < 0) { alert('Please enter a valid Agent Commission Rate.'); return; } if (isNaN(sellerClosingCostsRate) || sellerClosingCostsRate < 0) { alert('Please enter a valid Seller Closing Costs Rate.'); return; } if (isNaN(repairStagingCosts) || repairStagingCosts < 0) { alert('Please enter valid Repair & Staging Costs.'); return; } if (isNaN(buyerConcessions) || buyerConcessions < 0) { alert('Please enter valid Buyer Concessions.'); return; } // Calculations var totalCommission = estimatedSalePrice * (agentCommissionRate / 100); var totalSellerClosingCosts = estimatedSalePrice * (sellerClosingCostsRate / 100); var totalSellingCosts = totalCommission + totalSellerClosingCosts + repairStagingCosts + buyerConcessions; var grossProceeds = estimatedSalePrice – totalSellingCosts; var netProceeds = grossProceeds – outstandingMortgage; // Format as currency var formatter = new Intl.NumberFormat('en-US', { style: 'currency', currency: 'USD', minimumFractionDigits: 2, maximumFractionDigits: 2, }); // Display results document.getElementById('displayCommission').innerText = formatter.format(totalCommission); document.getElementById('displaySellerClosingCosts').innerText = formatter.format(totalSellerClosingCosts); document.getElementById('displayTotalSellingCosts').innerText = formatter.format(totalSellingCosts); document.getElementById('displayGrossProceeds').innerText = formatter.format(grossProceeds); document.getElementById('displayNetProceeds').innerText = formatter.format(netProceeds); } // Run calculation on page load with default values window.onload = calculateSellingProceeds;

Understanding Your Home Selling Costs and Net Proceeds

Selling a home involves more than just finding a buyer and agreeing on a price. There are numerous costs associated with the transaction that can significantly impact the amount of money you walk away with. Our Home Selling Net Proceeds Calculator helps you estimate these expenses and project your final profit.

Key Inputs Explained:

• Estimated Sale Price: This is the price you anticipate your home will sell for. Researching comparable sales in your area (comps) and getting a professional appraisal or agent's opinion can help you determine a realistic figure.
• Outstanding Mortgage Balance: The remaining amount you owe on your current mortgage. This will be paid off from the sale proceeds.
• Agent Commission Rate (%): Real estate agents typically charge a commission, usually a percentage of the final sale price. This often covers both the buyer's and seller's agents. Rates can vary, but 5-6% is common.
• Seller Closing Costs Rate (%): Sellers also incur closing costs, which can include title insurance, escrow fees, attorney fees, transfer taxes, recording fees, and more. These typically range from 1% to 3% of the sale price, depending on your location and the specifics of the transaction.
• Repair & Staging Costs ($): Any money you spend to prepare your home for sale, such as minor repairs, painting, professional cleaning, or home staging services. These investments can often lead to a quicker sale and a higher price.
• Buyer Concessions ($): Sometimes, sellers agree to pay a portion of the buyer's closing costs or offer other financial incentives to close the deal. This amount reduces your net proceeds.

How the Calculator Works:

The calculator first determines your total selling expenses by adding up the agent commission, seller closing costs, repair/staging costs, and buyer concessions. It then subtracts these total expenses from your estimated sale price to give you your Gross Proceeds. Finally, it deducts your outstanding mortgage balance from the gross proceeds to arrive at your Estimated Net Proceeds – the cash you can expect to receive after all obligations are met.

Example Calculation:

Let's use the default values in the calculator:

• Estimated Sale Price: $500,000
• Outstanding Mortgage Balance: $200,000
• Agent Commission Rate: 5%
• Seller Closing Costs Rate: 2%
• Repair & Staging Costs: $5,000
• Buyer Concessions: $3,000

1. Calculate Agent Commission: $500,000 * 5% = $25,000

2. Calculate Seller Closing Costs: $500,000 * 2% = $10,000

3. Calculate Total Selling Expenses: $25,000 (Commission) + $10,000 (Closing Costs) + $5,000 (Repairs/Staging) + $3,000 (Concessions) = $43,000

4. Calculate Gross Proceeds: $500,000 (Sale Price) – $43,000 (Total Expenses) = $457,000

5. Calculate Estimated Net Proceeds: $457,000 (Gross Proceeds) – $200,000 (Mortgage Payoff) = $257,000

This example shows that even with a significant sale price, various costs can reduce your final take-home amount. Always consult with a real estate professional and a financial advisor for personalized advice regarding your home sale.