Enrichment · Life Skills · Selling a home

The price is not
the check.

Between the sale price and the money you keep sit the loan payoff, commissions, transfer tax and a list of smaller costs. Line them up before you list.

Work out my netWhat you get

The home sale net proceeds calculator

The worked example is a $425,000 ranch house with a mortgage and a home equity loan to pay off. Nothing you type leaves this browser.

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What you get

Enrichment · Life SkillsFree

What you finish with
The commissions, transfer tax, total selling costs and their share of the price, the loans paid off and the net proceeds, with a warning if cash would be due at closing. It prints as a seller net sheet.
Who it is for
Adults and families thinking about selling a home, owners comparing a sale with staying, and students learning how home equity turns into cash.
Format
Browser calculator for a phone, tablet or computer, by touch or keyboard. Prints a summary; downloads a spreadsheet (.csv); export and import a file.
Access
Free. No account, no sign-in and nothing to install. Everything you type stays in this browser; nothing is sent to Caveat.
Where it lives
The Life Skills space in Caveat Enrichment.
Support
Questions, a correction or a request: team@caveatacademic.com.

How to use it

  1. Type the price you expect.
  2. Add the payoff quote.
  3. Enter the commission rates.
  4. List the other costs.
  5. Read the net and the share.

Work out my net

How the net is worked out

Payoffs first, then each selling cost.

The worked example: a ranch house sold for $425,000Sale price$425,000the agreed priceLess the loans$197,600$227,400 paid offLess selling costs−$35,050$22,100 commissionsNet proceeds$162,55038.2% of the priceThe worked example: a ranch house sold for $425,000Sale price$425,000the agreed priceLess the loans$197,600$227,400 paid offLess selling costs−$35,050$22,100 commissionsNet proceeds$162,55038.2% of the price
The loans come off first, then commissions, transfer tax, concessions, tax owed and the other costs. What is left is the check at closing.

Loans and commissions

At closing, the title or escrow company pays off the mortgage and any other lien from the sale money. Commissions are a percent of the price and are negotiable. Since a 2024 legal settlement, the pay for the buyer’s agent is set in a written agreement with the buyer, and a seller can choose whether to offer to cover it.

Taxes and the rest

Some states, counties and cities charge a transfer tax on the price. Property tax for the part of the year you owned the home is settled at closing. As a check: a $300,000 sale with a $180,000 payoff, 5.5 percent in commissions ($16,500) and $3,500 of other costs nets $300,000 − $180,000 − $16,500 − $3,500 = $100,000.

Sources

  1. Internal Revenue Service. Publication 523, Selling Your Home (irs.gov).
  2. Consumer Financial Protection Bureau. Mortgage payoff statements and closing (consumerfinance.gov).
  3. U.S. Department of Justice and Federal Trade Commission. Statements on real estate commissions and competition (justice.gov, ftc.gov).
  4. U.S. Department of Housing and Urban Development. Selling a home: settlement costs (hud.gov).

An estimate from the figures you type, not tax or legal advice; your settlement statement at closing is final. Transfer taxes, customs and fees vary by place. Your entries stay in this browser. Support: team@caveatacademic.com.