Zillow Home Sale Proceeds Calculator
Use this calculator to estimate the net proceeds you might receive from selling your home, taking into account various costs associated with the sale. This can help you understand the financial outcome of your home sale.
Estimated Sale Summary:
Enter your details and click "Calculate Net Proceeds" to see your estimated sale summary.
Understanding Your Home Sale Proceeds
Selling a home involves more than just agreeing on a sale price. Various costs and fees can significantly impact the final amount of money you walk away with. This Zillow Home Sale Proceeds Calculator helps you get a clearer picture of your potential net earnings by factoring in common expenses.
Key Factors Affecting Your Net Proceeds:
- Estimated Sale Price: This is the agreed-upon price for your home. It's the starting point for all calculations.
- Outstanding Mortgage Balance: The remaining amount you owe on your current mortgage. This will be paid off from the sale proceeds.
- Real Estate Agent Commissions: Typically the largest selling cost, these are fees paid to both your seller's agent and the buyer's agent, usually calculated as a percentage of the sale price. While often combined, understanding the split can be helpful.
- Seller Closing Costs: These are various fees and taxes paid by the seller at closing. They can include title insurance, escrow fees, transfer taxes, attorney fees, and recording fees. These are often estimated as a percentage of the sale price.
- Pre-Sale Repair/Improvement Costs: Any money you spend to get your home ready for sale, such as minor repairs, painting, or landscaping, directly reduces your net proceeds.
- Home Staging Costs: If you hire a professional stager to make your home more appealing to buyers, these costs also come out of your potential earnings.
- Other Seller Concessions: Sometimes, sellers agree to pay for certain buyer costs (like a portion of their closing costs) or provide a home warranty to sweeten the deal. These concessions reduce your net proceeds.
By carefully considering each of these factors, you can better anticipate the financial outcome of your home sale and plan accordingly. Remember that this calculator provides an estimate, and actual costs may vary based on your specific location, negotiation, and service providers.
Example Calculation:
Let's use the default values to illustrate how the calculator works:
- Estimated Sale Price: $500,000
- Outstanding Mortgage Balance: $200,000
- Seller Agent Commission: 2.5%
- Buyer Agent Commission: 2.5%
- Seller Closing Costs: 2% of Sale Price
- Pre-Sale Repair/Improvement Costs: $5,000
- Home Staging Costs: $1,500
- Other Seller Concessions: $2,000
Calculations:
- Total Commission Amount: ($500,000 * 0.025) + ($500,000 * 0.025) = $12,500 + $12,500 = $25,000
- Seller Closing Costs Amount: $500,000 * 0.02 = $10,000
- Total Selling Costs: $25,000 (Commissions) + $10,000 (Closing Costs) + $5,000 (Repairs) + $1,500 (Staging) + $2,000 (Concessions) = $43,500
- Gross Proceeds (before mortgage payoff): $500,000 – $43,500 = $456,500
- Estimated Net Proceeds: $456,500 – $200,000 (Mortgage Balance) = $256,500
This example demonstrates how various costs accumulate to reduce the final amount you receive from the sale.
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function calculateZillowSale() {
var salePrice = parseFloat(document.getElementById('salePrice').value);
var mortgageBalance = parseFloat(document.getElementById('mortgageBalance').value);
var sellerAgentCommissionRate = parseFloat(document.getElementById('sellerAgentCommission').value) / 100;
var buyerAgentCommissionRate = parseFloat(document.getElementById('buyerAgentCommission').value) / 100;
var sellerClosingCostsRate = parseFloat(document.getElementById('sellerClosingCostsRate').value) / 100;
var repairCosts = parseFloat(document.getElementById('repairCosts').value);
var stagingCosts = parseFloat(document.getElementById('stagingCosts').value);
var otherConcessions = parseFloat(document.getElementById('otherConcessions').value);
// Validate inputs
if (isNaN(salePrice) || salePrice < 0) {
document.getElementById('result').innerHTML = 'Please enter a valid Estimated Sale Price.';
return;
}
if (isNaN(mortgageBalance) || mortgageBalance < 0) {
document.getElementById('result').innerHTML = 'Please enter a valid Outstanding Mortgage Balance.';
return;
}
if (isNaN(sellerAgentCommissionRate) || sellerAgentCommissionRate < 0) {
document.getElementById('result').innerHTML = 'Please enter a valid Seller Agent Commission rate.';
return;
}
if (isNaN(buyerAgentCommissionRate) || buyerAgentCommissionRate < 0) {
document.getElementById('result').innerHTML = 'Please enter a valid Buyer Agent Commission rate.';
return;
}
if (isNaN(sellerClosingCostsRate) || sellerClosingCostsRate < 0) {
document.getElementById('result').innerHTML = 'Please enter a valid Seller Closing Costs rate.';
return;
}
if (isNaN(repairCosts) || repairCosts < 0) {
document.getElementById('result').innerHTML = 'Please enter valid Pre-Sale Repair/Improvement Costs.';
return;
}
if (isNaN(stagingCosts) || stagingCosts < 0) {
document.getElementById('result').innerHTML = 'Please enter valid Home Staging Costs.';
return;
}
if (isNaN(otherConcessions) || otherConcessions < 0) {
document.getElementById('result').innerHTML = 'Please enter valid Other Seller Concessions.';
return;
}
// Calculations
var sellerCommissionAmount = salePrice * sellerAgentCommissionRate;
var buyerCommissionAmount = salePrice * buyerAgentCommissionRate;
var totalCommissionAmount = sellerCommissionAmount + buyerCommissionAmount;
var sellerClosingCostsAmount = salePrice * sellerClosingCostsRate;
var totalSellingCosts = totalCommissionAmount + sellerClosingCostsAmount + repairCosts + stagingCosts + otherConcessions;
var grossProceedsBeforeMortgage = salePrice – totalSellingCosts;
var netProceeds = grossProceedsBeforeMortgage – mortgageBalance;
// Format results as currency
var formatter = new Intl.NumberFormat('en-US', {
style: 'currency',
currency: 'USD',
minimumFractionDigits: 2,
maximumFractionDigits: 2,
});
document.getElementById('result').innerHTML =
'
Estimated Total Selling Costs: ' + formatter.format(totalSellingCosts) + " +
'
Estimated Net Proceeds: ' + formatter.format(netProceeds) + " +
'This is an estimate. Actual costs may vary.';
}