Sell House Calculator

Home Sale Net Proceeds Calculator

Calculation Breakdown

Real Estate Commission: $0.00

Total Selling Expenses: $0.00

Mortgage Payoff: $0.00

Net Proceeds: $0.00

function calculateSaleProceeds() { var price = parseFloat(document.getElementById('sellingPrice').value) || 0; var mortgage = parseFloat(document.getElementById('mortgageBalance').value) || 0; var commRate = parseFloat(document.getElementById('commissionRate').value) || 0; var closing = parseFloat(document.getElementById('closingCosts').value) || 0; var repairs = parseFloat(document.getElementById('repairCosts').value) || 0; if (price <= 0) { alert("Please enter a valid selling price."); return; } var commissionAmt = price * (commRate / 100); var totalExpenses = commissionAmt + closing + repairs; var netProceeds = price – totalExpenses – mortgage; document.getElementById('resCommission').innerText = "$" + commissionAmt.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); document.getElementById('resExpenses').innerText = "$" + totalExpenses.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); document.getElementById('resMortgage').innerText = "$" + mortgage.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); document.getElementById('resNet').innerText = "$" + netProceeds.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); document.getElementById('resultArea').style.display = 'block'; }

How to Calculate the Net Proceeds from Your Home Sale

Selling a home involves much more than just the final sale price. To understand exactly how much cash you will walk away with at the closing table, you must subtract various costs and obligations from the gross sale price. This is known as your "Net Proceeds."

Key Factors in the Calculation

• Selling Price: The final agreed-upon price the buyer pays for your property.
• Mortgage Payoff: The remaining balance on your home loan. Note that this might be slightly higher than your last statement due to accrued interest.
• Agent Commission: Typically the largest selling expense, usually ranging from 5% to 6% of the sale price, split between the listing and buyer's agents.
• Closing Costs: These include transfer taxes, title insurance, escrow fees, and attorney fees. These typically range from 1% to 3% of the sale price.
• Pre-Sale Expenses: Any money spent on professional staging, deep cleaning, or essential repairs to make the home market-ready.

Example Calculation

Imagine you sell your home for $400,000. Here is how the math might look:

Sale Price	$400,000
Mortgage Payoff	– $250,000
6% Commission	– $24,000
Closing Costs	– $4,000
Total Net Proceeds	$122,000

Tips to Increase Your Net Proceeds

To maximize the check you receive at closing, consider the following strategies:

1. Negotiate Commission: While standard, agent commissions are often negotiable, especially in high-value markets.
2. Focus on High-ROI Repairs: Don't over-improve. Focus on "curb appeal" and minor kitchen/bath refreshes that offer the best return.
3. Price It Right: Overpricing can lead to a house sitting on the market, which increases holding costs (mortgage, insurance, taxes) and may eventually lead to a lower sale price.
4. For Sale By Owner (FSBO): Selling without an agent saves the listing commission, though it requires significantly more work and legal risk management.