Seller Proceeds Calculator
Selling a home involves multiple costs that reduce your final take-home amount. From paying off mortgages to agent commissions, closing costs, repairs, and miscellaneous fees, it can be difficult to know exactly how much you’ll receive. The Seller Proceeds Calculator simplifies this process by providing an instant estimate of your net proceeds from a home sale.
This tool is ideal for homeowners, real estate investors, and agents looking to quickly understand the financial outcome of a home sale.
How to Use the Seller Proceeds Calculator
Using the calculator is simple:
- Home Sale Price: Enter the final selling price of your property.
- Loan Payoff Amount: Include the balance of any mortgages.
- Real Estate Agent Fee (%): Input the commission percentage (default is 6%).
- Title & Escrow Costs: Include title insurance and escrow fees.
- Transfer Tax/Fees: Include any state or local transfer taxes.
- Seller Credits to Buyer: Include any credits or incentives offered to buyers.
- Repair Costs: Enter any agreed-upon repairs or improvements.
- Miscellaneous Fees: Add other closing or administrative fees.
- Calculate: Click Calculate to see total expenses, net proceeds, and a clear breakdown of costs.
Example Calculation
Imagine your home sells for $400,000, and your costs are:
- Loan Payoff: $250,000
- Agent Fee: 6%
- Title & Escrow Costs: $2,000
- Transfer Fees: $500
- Seller Credits to Buyer: $1,000
- Repair Costs: $1,500
- Miscellaneous Fees: $300
Step-by-step:
- Agent Commission: $400,000 × 6% = $24,000
- Closing Costs: $2,000 + $500 + $1,000 + $1,500 + $300 = $5,300
- Total Expenses: $24,000 + $250,000 + $5,300 = $279,300
- Net Proceeds: $400,000 – $279,300 = $120,700
With the calculator, you instantly see your take-home and how each expense affects it.
Benefits of Using the Seller Proceeds Calculator
- Instant Results: Get a quick estimate without manual calculations.
- Comprehensive: Covers mortgages, agent fees, closing costs, repairs, and credits.
- Scenario Planning: Adjust percentages and costs to model different outcomes.
- Better Decision Making: Understand what you’ll actually take home before selling.
- Transparent Cost Breakdown: Clearly see how fees, repairs, and credits impact proceeds.
Tips for Accurate Estimates
- Include all mortgage balances for a true take-home estimate.
- Factor in state-specific transfer taxes and local fees.
- Adjust agent commissions if negotiated differently.
- Include repair and miscellaneous costs agreed with buyers.
- Update values before each calculation for precise results.
FAQs
- What is the Seller Proceeds Calculator?
A tool to estimate the take-home amount after selling a home, factoring in all relevant costs. - Does it include mortgage payoffs?
Yes, you can enter multiple mortgage balances. - Can I include agent commissions?
Yes, enter the percentage of the home sale price. - Are closing costs included?
Yes, title, escrow, transfer taxes, seller credits, repairs, and other fees can be included. - How is net proceeds calculated?
Net proceeds = Sale Price – (Loan Payoff + Agent Commission + Closing Costs + Misc Fees) - Can I use this for investment properties?
Yes, it works for primary homes, second homes, and investment properties. - Does it show a breakdown of costs?
Yes, the calculator clearly separates agent commissions, loan payoffs, closing costs, and miscellaneous fees. - Is it mobile-friendly?
Yes, the calculator is fully responsive for mobile devices and tablets.
Conclusion
The Seller Proceeds Calculator is an essential tool for anyone selling a home. By including mortgage payoffs, agent commissions, closing costs, repairs, and credits, it provides a realistic estimate of your take-home amount. Use it to plan your home sale, negotiate fees, and make informed financial decisions.