Home Sale Proceeds Calculator

Estimate your net proceeds from selling your home after accounting for agent commissions, closing costs, repairs, and outstanding mortgage balance.

Sale Details

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Typically 5-6%

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Title, transfer tax, attorney, etc.

Ready to Calculate

Enter your home sale details to estimate your net proceeds after all costs and mortgage payoff.

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Pro Tip

Use your net proceeds estimate to plan your next home purchase. The proceeds from your current home can serve as the down payment on your next property.

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Estimating Your Home Sale Proceeds

Selling a home involves more costs than many homeowners anticipate. While the sale price might seem like a large number, various fees and obligations can significantly reduce your actual take-home amount. Understanding these costs upfront helps you set realistic expectations and plan your next financial move.

Agent commissions are typically the largest selling cost, usually ranging from 5% to 6% of the sale price. This amount is split between the listing agent and the buyer's agent. In a $550,000 sale, that amounts to $27,500 to $33,000 in commission alone.

Closing costs for sellers typically range from 1% to 3% of the sale price and include title insurance, transfer taxes, attorney fees, prorated property taxes, and recording fees. Seller concessions, repairs negotiated during inspection, and staging costs further reduce your proceeds.

Capital gains tax may apply if your profit exceeds the exclusion limits. For primary residences owned and occupied for at least 2 of the last 5 years, individuals can exclude up to $250,000 in gains and married couples up to $500,000. Investment properties face full capital gains taxation.

Net Proceeds Formula

Net Proceeds Calculation

Net Proceeds = Sale Price - Mortgage Balance - Total Selling Costs

Where:

Sale Price = Agreed-upon sale price of the home

Mortgage Balance = Remaining balance on your mortgage

Total Selling Costs = Commission + Concessions + Repairs + Closing Costs

Example

For a $550,000 sale with $320,000 mortgage, 5.5% commission:

  • • Gross equity: $550,000 - $320,000 = $230,000
  • • Agent commission: $550,000 x 5.5% = $30,250
  • • Other costs: $5,000 + $3,000 + $8,000 = $16,000
  • • Total selling costs: $46,250 (8.4% of sale price)
  • • Net proceeds: $230,000 - $46,250 = $183,750

Frequently Asked Questions

What costs are involved in selling a home?
The main costs include real estate agent commissions (typically 5-6% split between buyer and seller agents), closing costs (1-3% including title insurance, transfer taxes, and attorney fees), seller concessions, repair costs, staging, and any mortgage payoff penalties.
Do I have to pay capital gains tax on my home sale?
If you have lived in the home as your primary residence for at least 2 of the last 5 years, you can exclude up to $250,000 in capital gains ($500,000 for married couples). Gains above these amounts are taxed as long-term capital gains. Investment properties do not qualify for this exclusion.
What are seller concessions?
Seller concessions are costs the seller agrees to pay on behalf of the buyer, such as covering some of the buyer's closing costs, home warranty, or inspection repairs. These reduce your net proceeds but can help close the deal faster.
How do I estimate my home's sale price?
Get a comparative market analysis (CMA) from a real estate agent, review recent comparable sales in your area, check online valuation tools, or get a professional appraisal. The final price will depend on market conditions, property condition, and negotiation.
Are closing costs negotiable?
Many closing costs are negotiable, including agent commissions, title insurance premiums, and repair requests. In a seller's market, you may have more leverage to negotiate lower costs or have the buyer cover more expenses.