Introduction
When you sell your home, you don't get to keep all the money from the sale. Costs like agent commissions, mortgage payoffs, taxes, and closing fees all come out of your sale price first. What's left over is called your net proceeds — the actual cash you walk away with.
This home sale calculator helps you estimate your net proceeds in just a few steps. Enter your sale price, mortgage balance, commission rate, and closing costs. The calculator does the math and shows you a full breakdown of where your money goes. It even builds a chart so you can see each cost at a glance.
Use this tool before you list your home so you can set the right price, plan your next move, and avoid surprises at the closing table.
How to Use Our Home Sale Calculator
Enter details about your home sale, mortgage, and closing costs below. The calculator will show you how much money you take home after all fees and payoffs are subtracted from your sale price.
Home Sale Price: Type the price your buyer has agreed to pay for your home. This is the starting number used to figure out all your costs.
State: Pick the state where your home is located. This helps estimate how your property taxes are split between you and the buyer.
Closing Month: Choose the month you expect to close the sale. This works with your state to calculate how many months of property tax you owe.
Commission Rate: Enter the total real estate agent commission as a percent. This is usually split between your agent and the buyer's agent.
First Mortgage Balance: Type the amount you still owe on your main home loan. This is the payoff balance, not your monthly payment. If you're unsure of the exact remaining balance, our mortgage calculator can help you estimate it based on your original loan terms.
First Mortgage Interest Rate: Enter the annual interest rate on your first mortgage. You can find this on your loan statement.
Days Until Closing: Type the number of days between your last mortgage payment and your closing date. This is used to calculate the daily interest you owe your lender.
Second Mortgage / HELOC / Other Liens: Enter the total balance of any other loans or liens tied to your home, such as a second mortgage or home equity line of credit. Put zero if you have none.
Annual Property Tax: Type the full yearly property tax amount for your home. You can find this on your most recent tax bill.
Months of Tax Owed by Seller: This is the number of months of property tax you are responsible for in the current tax year. It fills in automatically based on your state and closing month, but you can change it.
Title Insurance & Transfer Taxes: Enter the estimated cost of title insurance and any government transfer taxes you must pay as the seller.
Attorney / Escrow Fees: Type the fee for a closing attorney or escrow company. Some states require this and others do not. Enter zero if it does not apply to you.
Home Warranty: Enter the cost if you are providing a home warranty to the buyer. Enter zero if you are not offering one.
Buyer Concessions / Seller Credits: Type any amount you have agreed to give the buyer at closing, such as help with their closing costs or repair credits.
Other Seller Fees: Enter a percent for any extra seller fees not listed above. If you are not sure, leave it at 1% as a safe estimate.
What Are Net Proceeds From a Home Sale?
When you sell your home, you don't keep all the money from the sale price. There are costs you must pay before you get your share. The money left over after all those costs is called your net proceeds. This calculator helps you estimate that number so you know what to expect at closing.
Costs That Come Out of Your Sale Price
Several expenses are taken out of your sale price before you receive your check. Here are the main ones:
- Real estate commission: This is the fee paid to the real estate agents who helped sell the home. It is usually a percentage of the sale price, often around 5% to 6%. You can use our commission calculator to quickly estimate this cost.
- Mortgage payoff: If you still owe money on your home loan, the remaining balance must be paid off at closing. This includes any interest that builds up between your last payment and the closing date, known as per diem interest. Our mortgage payoff calculator can help you figure out your exact remaining balance.
- Other liens: Any second mortgage, home equity line of credit (HELOC), or other debt tied to your home must also be paid off.
- Prorated property taxes: You owe property taxes for the portion of the year you owned the home. This amount is split between you and the buyer based on the closing date.
- Title insurance and transfer taxes: These fees cover the legal transfer of the property from you to the buyer. The amount varies by state and county.
- Attorney or escrow fees: Some states require a lawyer or escrow company to handle the closing. This is their fee for that work.
- Home warranty: Sellers sometimes pay for a home warranty plan that covers the buyer's appliances and systems for the first year.
- Buyer concessions: You may agree to give the buyer a credit at closing to help with their costs or repairs.
Why Estimating Net Proceeds Matters
Knowing your estimated net proceeds helps you plan your next steps. If you are buying a new home, this number tells you how much cash you will have for a down payment. Use our home affordability calculator to see how your proceeds translate into buying power for your next property. It also helps you spot a potential problem early. If your costs are higher than your sale price, you have what is called an underwater sale, and you would need to bring money to the closing table instead of walking away with a check.
You may also want to consider how your sale affects your overall financial picture. Our net worth calculator can help you see how selling fits into your broader finances, and if you're weighing whether to sell or keep your property as a rental, the rental property calculator and rent vs buy calculator can help you compare your options. Don't forget to factor in potential capital gains taxes on your sale profit and moving costs when planning your budget.
Keep in mind that this calculator gives you an estimate. Your actual costs may be higher or lower depending on your location, your lender, and the terms of your sale contract. Always review your official closing disclosure from your title company or attorney for final numbers.