Home Proceeds Calculator
Estimate how much money you may have left after selling your home, paying off debt, and covering selling costs.
Sale Information
Real Estate Costs
Other Selling Expenses
Optional Tax Estimate
Proceeds Breakdown
Sale Cost Summary
Optional Tax Estimate
Quick Sale Scenario
Your estimated proceeds are the amount left after the costs and debts entered above are deducted from the expected sale price.
How to Calculate What You Keep After Selling a Home
The amount you receive after selling a property is usually less than the advertised sale price. Selling expenses, the mortgage payoff, other liens, seller credits, taxes, repairs and other transaction costs can reduce the amount left for you.
This calculator starts with the expected sale price and subtracts the expenses and debts you enter. The result is an estimate of the cash you could have left after the transaction. Your final settlement statement should be used for the actual amount you receive.
What Can Reduce Your Sale Proceeds?
Common deductions can include real estate commissions, seller-paid closing costs, transfer taxes, credits to the buyer, mortgage payoff amounts, second mortgages, HELOC balances, liens and other transaction expenses. Some costs depend heavily on your location and sales agreement.
The Consumer Financial Protection Bureau notes that closing transactions can include different fees and credits, and the amounts paid by a seller can depend on the contract and applicable law. :contentReference[oaicite:2]{index=2}
Mortgage Balance vs. Mortgage Payoff
One important detail when estimating your cash after a sale is the difference between your current mortgage balance and the actual payoff amount. A payoff quote can include interest due through the payoff date and potentially other charges.
For a more accurate estimate, use the payoff amount supplied by your mortgage servicer instead of relying only on the balance shown on your latest statement. :contentReference[oaicite:3]{index=3}
Real Estate Commission
If you are working with real estate professionals, the transaction may involve commission or other compensation. The exact amount and structure depend on your agreement and transaction.
Enter the percentage you expect to pay in the commission field. If your agreement uses a different structure, you can account for the amount using the other selling-cost fields.
Seller Closing Costs
Seller expenses can include certain title, escrow, attorney, recording, transfer-tax and other settlement charges. Which party pays a particular expense depends on the location, contract and transaction.
The calculator keeps these expenses separate so you can adjust the estimate instead of relying on one universal percentage. CFPB guidance also emphasizes that closing costs and seller credits should be reviewed against the actual closing documents. :contentReference[oaicite:4]{index=4}
What Happens to Your Mortgage When You Sell?
When a mortgaged property is sold, the outstanding mortgage generally has to be satisfied as part of the transaction. The amount remaining after the required debts and selling expenses are paid is what can ultimately go to the seller.
If you have more than one loan secured against the property, include each balance or payoff amount so the estimate does not overstate your proceeds. CFPB closing-disclosure rules specifically distinguish first- and second-lien mortgage payoffs. :contentReference[oaicite:5]{index=5}
What If Your Home Is Worth Less Than You Owe?
If the expected sale price is lower than the debts and transaction costs, the calculated proceeds can become negative. That means the sale price would not cover the amounts entered into the calculator.
A negative result does not automatically tell you what will happen in an actual sale. You may need to discuss the situation with your lender, settlement agent, attorney or real estate professional before proceeding.
How Accurate Is This Estimate?
The calculator is designed as a planning tool, not a replacement for your settlement statement. Actual costs can change because of negotiations, local taxes, title and escrow charges, mortgage payoff figures, prorated expenses, repairs, credits and other adjustments.
Before completing a sale, compare the estimate with the documents supplied by your settlement or closing professional. CFPB guidance recommends reviewing the final closing documents carefully and asking questions about amounts that do not match your expectations. :contentReference[oaicite:6]{index=6}
Frequently Asked Questions
How do I calculate my net proceeds when selling a house?
Start with the expected sale price and subtract selling expenses, mortgage and other lien payoffs, seller concessions, taxes and other applicable costs. The remaining amount is your estimated net proceeds.
Does the mortgage come out of the sale proceeds?
Generally, the mortgage secured by the property is paid as part of the closing process. The exact payoff should come directly from your mortgage servicer because the payoff amount can differ from the balance shown on your statement.
What is the difference between sale price and net proceeds?
The sale price is the amount agreed upon for the property. Net proceeds are what remains after applicable selling costs, mortgage payoffs, liens, credits and other deductions are taken into account.
Are closing costs included in the calculation?
Yes. You can enter an estimated percentage for seller closing costs, along with transfer taxes, concessions and other expenses. Actual costs vary by transaction and location.
Can I include a HELOC or second mortgage?
Yes. Enter the amount that must be paid off under Other Loans or Liens. This helps prevent the estimate from overstating the amount remaining after the sale.
What if I owe more than my house is worth?
The calculator can show a negative result when the entered debts and selling expenses exceed the expected sale price. In that situation, speak with your lender and a qualified real estate or legal professional before assuming the property can be sold under those terms.
Should I use my mortgage balance or payoff amount?
Use the actual payoff amount when you have it. A mortgage payoff can include interest through the payoff date and other applicable charges, so it may not be identical to your current principal balance.
Does this calculate capital gains tax?
The optional tax section provides a simple estimate based on the numbers you enter. It does not determine your actual tax liability because tax treatment depends on factors such as adjusted basis, ownership, occupancy, filing status and applicable tax rules.