Sell My Home Calculator

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Sell My Home Net Proceeds Calculator

Your Estimated Net Proceeds

Total Agent Commission:

Total Seller Closing Costs:

Total Selling Expenses:

Net Proceeds Before Mortgage Payoff:

Estimated Net Cash After Sale:

function calculateNetProceeds() { var estimatedSalePrice = parseFloat(document.getElementById('estimatedSalePrice').value); var agentCommissionRate = parseFloat(document.getElementById('agentCommissionRate').value); var sellerClosingCostsRate = parseFloat(document.getElementById('sellerClosingCostsRate').value); var outstandingMortgage = parseFloat(document.getElementById('outstandingMortgage').value); var preSaleRenovationCosts = parseFloat(document.getElementById('preSaleRenovationCosts').value); // Validate inputs if (isNaN(estimatedSalePrice) || estimatedSalePrice <= 0) { alert('Please enter a valid Estimated Sale Price.'); 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(outstandingMortgage) || outstandingMortgage < 0) { alert('Please enter a valid Outstanding Mortgage Balance (or 0 if none).'); return; } if (isNaN(preSaleRenovationCosts) || preSaleRenovationCosts < 0) { alert('Please enter valid Pre-Sale Renovation/Repair Costs (or 0 if none).'); return; } // Calculations var totalAgentCommission = estimatedSalePrice * (agentCommissionRate / 100); var totalSellerClosingCosts = estimatedSalePrice * (sellerClosingCostsRate / 100); var totalSellingExpenses = totalAgentCommission + totalSellerClosingCosts + preSaleRenovationCosts; var netProceedsBeforeMortgage = estimatedSalePrice – totalSellingExpenses; var netCashAfterSale = netProceedsBeforeMortgage – outstandingMortgage; // Display results document.getElementById('displayCommission').innerText = '$' + totalAgentCommission.toLocaleString('en-US', { minimumFractionDigits: 2, maximumFractionDigits: 2 }); document.getElementById('displayClosingCosts').innerText = '$' + totalSellerClosingCosts.toLocaleString('en-US', { minimumFractionDigits: 2, maximumFractionDigits: 2 }); document.getElementById('displayTotalExpenses').innerText = '- $' + totalSellingExpenses.toLocaleString('en-US', { minimumFractionDigits: 2, maximumFractionDigits: 2 }); document.getElementById('displayNetBeforeMortgage').innerText = '$' + netProceedsBeforeMortgage.toLocaleString('en-US', { minimumFractionDigits: 2, maximumFractionDigits: 2 }); document.getElementById('displayNetCash').innerText = '$' + netCashAfterSale.toLocaleString('en-US', { minimumFractionDigits: 2, maximumFractionDigits: 2 }); document.getElementById('result').style.display = 'block'; }

Understanding Your Home Sale Proceeds

Selling a home is one of the largest financial transactions many people undertake. While the sale price might look impressive, the actual cash you walk away with—your "net proceeds"—can be significantly less once all the costs are factored in. Our Sell My Home Net Proceeds Calculator helps you estimate this crucial figure, giving you a clearer picture of your financial outcome.

What Does This Calculator Help You Estimate?

This tool is designed to provide an estimate of the cash you can expect to receive after selling your home, taking into account common expenses. It considers:

  • Estimated Sale Price: This is the price you anticipate your home will sell for. It's crucial to be realistic here, perhaps based on recent comparable sales in your area or a professional appraisal.
  • 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: These are various fees and charges incurred at the close of the sale. They can include transfer taxes, title insurance, attorney fees, escrow fees, and recording fees. These typically range from 1% to 3% of the sale price, depending on your location.
  • Outstanding Mortgage Balance: If you have a mortgage on your home, the remaining balance will be paid off from the sale proceeds. This is often the largest deduction.
  • Pre-Sale Renovation/Repair Costs: Any money you've invested in repairs, staging, or renovations specifically to prepare your home for sale should be factored in, as these directly reduce your net cash.

How the Calculation Works

The calculator follows a straightforward process to determine your net cash:

  1. Calculate Agent Commission: Estimated Sale Price × (Agent Commission Rate / 100)
  2. Calculate Seller Closing Costs: Estimated Sale Price × (Seller Closing Costs Rate / 100)
  3. Determine Total Selling Expenses: Agent Commission + Seller Closing Costs + Pre-Sale Renovation/Repair Costs
  4. Find Net Proceeds Before Mortgage Payoff: Estimated Sale Price - Total Selling Expenses
  5. Calculate Estimated Net Cash After Sale: Net Proceeds Before Mortgage Payoff - Outstanding Mortgage Balance

Example Scenario:

Let's say you're selling your home with the following details:

  • Estimated Sale Price: $400,000
  • Agent Commission Rate: 5.5%
  • Seller Closing Costs: 2.0% of sale price
  • Outstanding Mortgage Balance: $250,000
  • Pre-Sale Renovation/Repair Costs: $5,000

Using the calculator:

  • Total Agent Commission: $400,000 * 0.055 = $22,000
  • Total Seller Closing Costs: $400,000 * 0.02 = $8,000
  • Total Selling Expenses: $22,000 + $8,000 + $5,000 = $35,000
  • Net Proceeds Before Mortgage Payoff: $400,000 – $35,000 = $365,000
  • Estimated Net Cash After Sale: $365,000 – $250,000 = $115,000

This example shows that even with a $400,000 sale, the actual cash you receive can be significantly lower after all expenses and mortgage payoff.

Important Considerations:

This calculator provides an estimate. Actual costs can vary based on your specific contract, local regulations, and negotiations. It does not account for potential capital gains taxes, which can be a factor if you've owned the home for less than two years or if your profit exceeds certain thresholds. Always consult with a real estate professional, tax advisor, and your mortgage lender for precise figures related to your home sale.

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