Home Proceeds Calculator

Home Sale Price ($):

Outstanding Mortgage Balance ($):

Realtor Commission Rate (%):

Seller's Closing Costs ($):

Repair Credits/Concessions to Buyer ($):

Staging Costs ($):

Other Seller Costs ($):

Estimated Net Proceeds: $0.00

function calculateProceeds() { var homeSalePrice = parseFloat(document.getElementById('homeSalePrice').value); var mortgageBalance = parseFloat(document.getElementById('mortgageBalance').value); var realtorCommissionRate = parseFloat(document.getElementById('realtorCommissionRate').value); var closingCostsSeller = parseFloat(document.getElementById('closingCostsSeller').value); var repairCredits = parseFloat(document.getElementById('repairCredits').value); var stagingCosts = parseFloat(document.getElementById('stagingCosts').value); var otherSellerCosts = parseFloat(document.getElementById('otherSellerCosts').value); if (isNaN(homeSalePrice)) homeSalePrice = 0; if (isNaN(mortgageBalance)) mortgageBalance = 0; if (isNaN(realtorCommissionRate)) realtorCommissionRate = 0; if (isNaN(closingCostsSeller)) closingCostsSeller = 0; if (isNaN(repairCredits)) repairCredits = 0; if (isNaN(stagingCosts)) stagingCosts = 0; if (isNaN(otherSellerCosts)) otherSellerCosts = 0; var realtorCommissionAmount = homeSalePrice * (realtorCommissionRate / 100); var totalDeductions = mortgageBalance + realtorCommissionAmount + closingCostsSeller + repairCredits + stagingCosts + otherSellerCosts; var netProceeds = homeSalePrice – totalDeductions; document.getElementById('result').innerHTML = 'Estimated Net Proceeds: $' + netProceeds.toFixed(2).replace(/\B(?=(\d{3})+(?!\d))/g, ","); } // Calculate on page load with default values window.onload = calculateProceeds;

Understanding Your Home Sale Proceeds

Selling a home involves more than just agreeing on a sale price. After all the negotiations and paperwork, the amount of money you actually walk away with, known as your "net proceeds," can be significantly different from the initial sale price. Our Home Proceeds Calculator helps you estimate this crucial figure by factoring in various costs associated with selling your property.

What is a Home Proceeds Calculator?

A Home Proceeds Calculator is a tool designed to help homeowners estimate the net amount of money they will receive after selling their property. It takes the agreed-upon sale price and subtracts all the expenses and obligations that typically come with a home sale, providing a clearer picture of your financial outcome.

Key Factors Affecting Your Proceeds:

To accurately estimate your net proceeds, it's important to understand each component:

Home Sale Price: This is the agreed-upon price at which your home is sold. It's the starting point for all calculations.
Outstanding Mortgage Balance: If you have an existing mortgage on the property, the remaining balance must be paid off from the sale proceeds. This is often the largest deduction.
Realtor Commission Rate: Real estate agents typically charge a commission, usually a percentage of the home's sale price. This rate can vary but is commonly split between the buyer's and seller's agents.
Seller's Closing Costs: These are various fees and expenses incurred during the closing process. They can include title insurance, escrow fees, attorney fees, transfer taxes, and recording fees. These costs can vary significantly by location and transaction.
Repair Credits/Concessions to Buyer: Sometimes, as part of the negotiation, sellers agree to give the buyer a credit for repairs or other concessions. This amount is deducted from your proceeds.
Staging Costs: If you hired a professional to stage your home to make it more appealing to buyers, these costs are a direct expense of the sale.
Other Seller Costs: This category can include miscellaneous expenses such as pre-listing inspections, minor repairs made before listing, HOA fees, or utility bills prorated at closing.

Example Calculation:

Let's consider an example to illustrate how these factors come into play:

Home Sale Price: $450,000
Outstanding Mortgage Balance: $200,000
Realtor Commission Rate: 5.5%
Seller's Closing Costs: $8,000
Repair Credits/Concessions to Buyer: $2,500
Staging Costs: $1,500
Other Seller Costs: $500

First, calculate the Realtor Commission Amount:

$450,000 (Sale Price) * 5.5% (Commission Rate) = $24,750

Next, sum up all the deductions:

$200,000 (Mortgage) + $24,750 (Commission) + $8,000 (Closing Costs) + $2,500 (Repair Credits) + $1,500 (Staging) + $500 (Other Costs) = $237,250 (Total Deductions)

Finally, calculate the Estimated Net Proceeds:

$450,000 (Sale Price) – $237,250 (Total Deductions) = $212,750

As you can see, while the home sold for $450,000, the actual cash received by the seller is significantly less after accounting for all the associated costs. Using this calculator can help you set realistic expectations and plan your finances effectively when selling your home.