Seller Net Proceeds Calculator

How it is calculated

The tool works out what cash you walk away with: commission = sale_price × commission_pct ÷ 100, total costs = commission + other_costs, and net proceeds = sale_price − mortgage_payoff − total costs. Sale price, payoff and other costs are dollar amounts; the commission is a percentage of the sale price, not of the equity. Other costs are whatever you enter yourself, such as title or closing fees, transfer taxes, repairs and staging. All four fields must be filled in (type 0 where something does not apply). The sale price must be above zero, no amount can be negative and the commission must be between 0 and 100, otherwise no result appears. If the payoff and costs exceed the price, the result is shown with a minus sign, meaning you would have to bring cash to closing. Fees and taxes vary by country and region.

Common mistakes

• Leaving a box empty. An empty field gives no result at all, so enter 0 for no mortgage or no other costs.
• Entering the original loan amount instead of the current payoff figure. The payoff is the remaining balance plus any accrued interest, which you can ask your lender for.
• Applying the commission to your equity instead of the sale price. It is charged on the full price, which is why it takes such a large bite.
• Forgetting the second agent. A quoted rate of 2.5% for the listing agent is only part of the total if the buyer's agent is paid from the same sale.
• Treating the result as after-tax money. Tax on any gain is not included, and costs such as repairs agreed with the buyer must be added to other costs by hand.