Mortgage Payment Calculator with Property Taxes

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Home Sale Net Proceeds & Commission Calculator

Calculation Summary

Total Commission: $0.00
Total Selling Costs: $0.00
Mortgage Payoff: $0.00
Estimated Cash to Seller: $0.00
function calculateNetProceeds() { var price = parseFloat(document.getElementById('salePrice').value) || 0; var rate = parseFloat(document.getElementById('commissionRate').value) || 0; var flat = parseFloat(document.getElementById('flatFee').value) || 0; var costs = parseFloat(document.getElementById('otherCosts').value) || 0; var mortgage = parseFloat(document.getElementById('mortgageBalance').value) || 0; if (price <= 0) { alert('Please enter a valid sale price.'); return; } var commissionAmt = (price * (rate / 100)) + flat; var totalSellingCosts = commissionAmt + costs; var netProceeds = price – totalSellingCosts – mortgage; document.getElementById('displayCommission').innerText = '$' + commissionAmt.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); document.getElementById('displayCosts').innerText = '$' + totalSellingCosts.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); document.getElementById('displayPayoff').innerText = '$' + mortgage.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); document.getElementById('displayNet').innerText = '$' + netProceeds.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); document.getElementById('resultsArea').style.display = 'block'; }

How Real Estate Commission Calculations Work

When selling a home, the "sticker price" isn't what you actually take home. The largest deduction is typically the real estate agent commission. Traditionally, this fee is split between the listing agent and the buyer's agent.

Common Costs of Selling a Home

  • Broker Commission: Usually ranges from 5% to 6% of the sale price.
  • Flat Fees: Administrative or transaction fees charged by some modern brokerages.
  • Closing Costs: Includes title insurance, escrow fees, transfer taxes, and attorney fees.
  • Mortgage Payoff: The remaining principal balance plus any interest accrued until the day of closing.

Example Calculation

If you sell your home for $400,000 with a 6% commission and a $200,000 mortgage balance:

Commission: $400,000 * 0.06 = $24,000

Gross Equity: $400,000 – $24,000 = $376,000

Net Proceeds: $376,000 – $200,000 = $176,000 (Before other closing costs)

Tips for Maximizing Your Net Proceeds

1. Negotiate the Rate: Commission rates are not set by law and can often be negotiated depending on market conditions.

2. Address Repairs Early: Fixing minor issues before the inspection can prevent buyers from demanding large credits at closing.

3. Shop for Title Services: In many states, you can choose your own title company, which can save hundreds in administrative fees.

4. Timing: Closing near the end of the month can reduce the amount of daily interest you owe on your mortgage payoff.

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