Seller Net Proceeds Calculator

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Seller Net Proceeds Calculator

Estimated Profit Summary

Real Estate Commission: $0.00
Total Closing & Other Costs: $0.00
Mortgage Payoff: $0.00
Estimated Net Proceeds: $0.00
function calculateNetProceeds() { var salePrice = parseFloat(document.getElementById('salePrice').value) || 0; var commissionRate = parseFloat(document.getElementById('commissionRate').value) || 0; var mortgagePayoff = parseFloat(document.getElementById('mortgagePayoff').value) || 0; var closingCosts = parseFloat(document.getElementById('closingCosts').value) || 0; var otherExpenses = parseFloat(document.getElementById('otherExpenses').value) || 0; if (salePrice <= 0) { alert("Please enter a valid Sale Price."); return; } var commissionAmount = salePrice * (commissionRate / 100); var totalDeductions = commissionAmount + mortgagePayoff + closingCosts + otherExpenses; var netProceeds = salePrice – totalDeductions; document.getElementById('resCommission').innerText = '$' + commissionAmount.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); document.getElementById('resTotalCosts').innerText = '$' + (closingCosts + otherExpenses).toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); document.getElementById('resMortgage').innerText = '$' + mortgagePayoff.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); document.getElementById('resFinalProfit').innerText = '$' + netProceeds.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); document.getElementById('resultArea').style.display = 'block'; }

Understanding Your Seller Net Proceeds

When selling a home, the price on the contract is rarely the amount of cash you walk away with. The Seller Net Proceeds is the final amount a homeowner receives after all liens, commissions, and transaction costs are settled. Using a net proceeds calculator helps you plan your next move, whether it's buying a new property or investing the gains.

Key Factors That Impact Your Profit

  • Agent Commissions: Typically the largest expense, usually ranging from 5% to 6% of the sale price, split between the listing and buyer agents.
  • Mortgage Payoff: This includes the remaining principal balance plus any accrued interest until the day of closing.
  • Transfer Taxes & Title Fees: Many states or local municipalities charge taxes to transfer the deed. Sellers also often pay for the owner's title insurance policy.
  • Seller Concessions: If you agreed to pay a portion of the buyer's closing costs or provide a credit for repairs discovered during inspection.
  • Property Taxes: You will likely owe a prorated amount for property taxes based on how many days you owned the home during the current tax cycle.

Example Calculation

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

Sale Price: $400,000
– Agent Commission (6%): $24,000
– Mortgage Payoff: $250,000
– Closing Costs: $4,000
– Repair Credit: $2,000
—————————
Net Proceeds: $120,000

Tips for Maximizing Your Net Proceeds

To increase your bottom line, consider making minor high-ROI repairs before listing to increase the sale price without overspending. Additionally, check for any prepayment penalties on your current mortgage and ensure your property taxes are up to date to avoid surprises at the closing table.

Disclaimer: This calculator provides an estimate for informational purposes only. Local taxes, escrow adjustments, and specific contract terms will affect your final figures. Always consult with your real estate agent or title company for a final settlement statement (HUD-1 or Closing Disclosure).

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