Estimate how much you will actually pocket after the sale.
Calculation Results
Total Commissions:$0.00
Total Selling Costs:$0.00
Net Proceeds:$0.00
Understanding Your Home Sale Net Proceeds
Selling a home involves more than just picking a price and signing a deed. Many sellers are surprised by the various fees and costs deducted from the final sale price at the closing table. Using a home sale proceeds calculator helps you plan your next move by providing a realistic estimate of the cash you will receive once the transaction is complete.
Key Factors in the Calculation
Sale Price: The gross amount the buyer agrees to pay for the property.
Agent Commission: Typically 5% to 6% of the sale price, split between the buyer's and seller's agents.
Mortgage Payoff: The remaining balance on your current loan, including any interest accrued up to the closing date.
Closing Costs: These include title insurance, transfer taxes, escrow fees, and attorney fees. Usually, these range from 1% to 3% for the seller.
Seller Concessions: Amounts you agree to pay toward the buyer's closing costs to incentivize the sale.
Real-World Example
If you sell your home for $400,000 with a 6% commission ($24,000), a $200,000 mortgage balance, and $4,000 in closing costs, your calculation would look like this:
To walk away with the most money possible, consider minor "high-ROI" repairs before listing, such as fresh paint or landscaping. Negotiating commission rates or selling during a "seller's market" with low inventory can also significantly impact your bottom line.
function calculateNetProceeds() {
var salePrice = parseFloat(document.getElementById("salePrice").value) || 0;
var commissionRate = parseFloat(document.getElementById("commissionRate").value) || 0;
var mortgageBalance = parseFloat(document.getElementById("mortgageBalance").value) || 0;
var closingCosts = parseFloat(document.getElementById("closingCosts").value) || 0;
var repairCosts = parseFloat(document.getElementById("repairCosts").value) || 0;
var concessions = parseFloat(document.getElementById("concessions").value) || 0;
if (salePrice <= 0) {
alert("Please enter a valid sale price.");
return;
}
// Calculate commission
var totalCommission = salePrice * (commissionRate / 100);
// Calculate total costs (excluding mortgage for a specific breakdown)
var otherSellingCosts = totalCommission + closingCosts + repairCosts + concessions;
// Total Deductions
var totalDeductions = otherSellingCosts + mortgageBalance;
// Net Proceeds
var netProceeds = salePrice – totalDeductions;
// Format currency
var formatter = new Intl.NumberFormat('en-US', {
style: 'currency',
currency: 'USD',
});
document.getElementById("resCommission").innerHTML = formatter.format(totalCommission);
document.getElementById("resTotalCosts").innerHTML = formatter.format(totalDeductions);
document.getElementById("resNetProceeds").innerHTML = formatter.format(netProceeds);
document.getElementById("resultsArea").style.display = "block";
// Smooth scroll to results
document.getElementById("resultsArea").scrollIntoView({ behavior: 'smooth', block: 'nearest' });
}