Net Proceeds Calculator — How Much Will You Actually Make Selling Your Home?
Thinking about selling your home? Before you list, the most important question isn't what your house will sell for — it's how much money you'll actually walk away with. That number is called your net proceeds, and it can be very different from your sale price.
Use our free interactive net proceeds calculator below to get an instant estimate of your take-home cash after your mortgage payoff, agent commissions, closing costs, and other selling expenses. No download required — just enter your numbers and see your results immediately.
🏠 Net Proceeds Calculator
Enter your details below — results update instantly
| Item | Amount |
|---|---|
| Sale price | $400,000 |
| Mortgage payoff | - $250,000 |
| Agent commission | - $22,000 |
| Seller closing costs | - $8,000 |
| Repairs / buyer credits | - $0 |
| Other fees | - $0 |
| Est. net proceeds | $120,000 |
Know your net proceeds? Find out exactly what home you can buy next — and what mortgage you qualify for.
Talk to Kirk or Ken →What Are Net Proceeds From a Home Sale?
Net proceeds are the amount of money you receive after all costs associated with selling your home have been deducted from the final sale price. Think of it as your true profit from the sale — not the number on the sign in the yard, but the actual cash that hits your account on closing day.
Here is the formula:
Net Proceeds = Sale Price − Mortgage Payoff − Agent Commissions − Closing Costs − Other Fees
For example, if you sell your home for $400,000 but owe $250,000 on your mortgage, pay 5.5% in commissions, and have $8,000 in closing costs — your net proceeds are approximately $120,000. That is the number that matters for your next purchase, not the $400,000 sale price.
What Is Included in the Calculation?
1. Mortgage Payoff Balance
The amount you still owe on your home loan — typically the largest deduction from your sale price. Your lender will provide an official payoff statement that includes any accrued interest through the closing date. This number is slightly higher than your current balance because of per diem interest. Always request the payoff statement, not just your balance.
2. Real Estate Agent Commissions
Traditionally, sellers pay both their agent's commission and the buyer's agent commission — combined typically ranging from 5% to 6% of the sale price. On a $400,000 home, that is $20,000–$24,000. Note: commission structures have been evolving since the NAR settlement in 2024. Always confirm the terms with your agent before signing a listing agreement.
3. Seller Closing Costs
Sellers typically pay 1–3% of the sale price in closing costs, which can include:
- Title insurance fees
- Transfer taxes and recording fees
- Attorney fees (required in some states)
- Prorated property taxes
- HOA transfer fees (if applicable)
- Settlement or escrow fees
4. Repairs, Credits, and Concessions
If the buyer negotiated repairs or credits after the inspection, those costs come out of your proceeds at closing. Even a seemingly modest $3,000–$5,000 repair credit can meaningfully affect your bottom line — and in the current market, buyer concessions are more common than they have been in years. Budget for this before you receive offers.
5. Other Fees
HOA transfer fees, home warranty costs, staging costs, and moving expenses all reduce your net proceeds. These are easy to overlook in early planning but show up clearly at the closing table. Build them into your estimate early so you are not surprised.
Selling a Home in Michigan, Arizona, Florida or Texas?
Closing costs and seller fees vary by state. Here is what sellers in our four markets should know:
🏛 Michigan
Michigan sellers pay a state transfer tax of $3.75 per $500 of the sale price, plus a county transfer tax. Attorney involvement at closing is common though not legally required. Total seller closing costs in Michigan typically fall in the 1.5–3% range.
🍎 Arizona
Arizona has no state transfer tax — a significant cost advantage for sellers. Closings are handled by title companies. Seller closing costs in Arizona are generally lower than the national average, often coming in between 1–2% of the sale price.
🌴 Florida
Florida sellers pay a documentary stamp tax of $0.70 per $100 of the sale price. Title insurance is customarily a seller expense in most Florida counties — unlike most other states. Overall seller closing costs typically range from 1.5–2.5%.
⭐ Texas
Texas has no state income tax and no transfer tax — favorable for sellers. However, property taxes in Texas are among the highest in the nation, and prorated taxes at closing can be a notable line item. Total seller costs generally range from 1–2%.
What to Do Once You Have Your Net Proceeds Estimate
Your net proceeds number is not just interesting — it is actionable. Here is how to put it to work:
- Know your buying power. Your net proceeds are likely your down payment on your next home. Once you know the number, a mortgage professional can tell you exactly what price range you can shop in — before you list your current home.
- Time your sale and purchase together. Selling and buying simultaneously is one of the most stressful parts of real estate. Knowing your net proceeds early gives you the clarity to plan a smooth transition.
- Decide whether now is the right time. If your net proceeds are lower than expected due to market conditions or remaining mortgage balance, it may be worth waiting — or exploring a refinance instead.
- Avoid closing day surprises. The biggest financial surprises happen when sellers do not run the numbers ahead of time. Running this calculator now puts you in control before you ever sign a listing agreement.
Frequently Asked Questions
What is a good net proceeds amount from a home sale?
There is no universal answer — it depends on your home's equity, local market conditions, and your financial goals. A good result is one where your proceeds cover your mortgage payoff, selling costs, and leave you enough for a down payment on your next home or other financial goals. Run the calculator with your real numbers and then talk to a mortgage professional about what that amount means for your next purchase.
What if my net proceeds are negative?
If your estimated net proceeds come out negative — meaning the costs of selling exceed your home's value — you may be underwater on your mortgage. In this case, it is worth speaking with a mortgage professional before proceeding. Options may include a short sale or waiting for the market to improve. Call us — this is exactly the kind of situation where straight answers matter most.
Do I pay taxes on my home sale proceeds?
Possibly. The IRS allows an exclusion of up to $250,000 in gains ($500,000 for married couples filing jointly) if you have lived in the home as your primary residence for at least 2 of the last 5 years. If your profit exceeds those thresholds, or if it was an investment property, you may owe capital gains tax. Consult a tax professional for guidance specific to your situation — we are mortgage professionals, not tax advisors.
How accurate is the net proceeds calculator?
The calculator provides a solid planning estimate based on the inputs you provide. Actual proceeds can vary based on final negotiated terms, exact closing costs from your title company, and last-minute adjustments. Think of it as a planning tool, not a guarantee. Your real estate agent and mortgage professional can help you refine the numbers as you get closer to closing.
How do my net proceeds affect what I can buy next?
Your net proceeds are typically your down payment on your next home. Once you know that number, we can tell you exactly what purchase price range you can afford — including monthly payment, taxes, insurance, and any HOA fees. This is one of the most valuable conversations to have before you list your current home, not after you have accepted an offer. Call or text us and we will run the numbers for you at no charge.
Know Your Number — Then Know Your Next Move
Run your net proceeds estimate above, then talk to Kirk or Ken. We'll show you exactly what your proceeds mean for buying power on your next home — wholesale rates, zero junk fees, same-day pre-approvals in MI, FL, AZ and TX.
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