Calculate net proceeds from selling your home after agent commission, closing costs, mortgage payoff, repairs, and taxes.
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Enter 0 if you own free & clear
Typically 5–6%
Title, settlement ~1–2%
Varies by state (0–2%)
Credits offered to buyer
The Chen family is buying a $340,000 home in Columbus, Ohio. Combined income $115,000, 10% down payment, 30-year fixed at 7.125%.
Takeaway: Columbus/Franklin County averages are the reference baseline. Property tax rates and insurance premiums shift significantly by ZIP code and HOA status. Plug your actual numbers in above.
We default to state-average millage rates. County and municipal rates vary 40%+ within a single state. Ohio ranges from 0.8% (rural counties) to 2.4% (Cuyahoga/Cleveland area). Always cross-check your specific county assessor's published effective rate.
Property Tax by StateHomeowner association fees add $100-$800/month in condos and planned communities. Condos in urban markets often run $400-$700/month. If your property has HOA, add it manually to any payment estimate — it directly affects your debt-to-income ratio for loan qualification.
HOA Fee CalculatorClosing costs typically run 2-5% of the loan amount — around $6,000-$15,000 on a $300K home. Lender fees, title insurance, escrow, and prepaid taxes add up fast. These are due at closing in cash, not rolled into the mortgage by default.
Closing Costs CalculatorPrivate mortgage insurance (PMI) costs 0.5-1.5% of the loan annually until you reach 20% equity. On a $300K loan at 1%, that's $250/month. PMI cancels automatically at 78% LTV under federal law — but you can request removal at 80%.
National home price appreciation has averaged ~4% annually since 1968, but markets diverge dramatically. Sun Belt metros averaged 10%+ during 2020-2022; coastal markets often lag the national average during correction cycles. Local supply constraints are the main driver.
If you've lived in the home 2 of the last 5 years, you can exclude $250K (single) or $500K (married) of gain from federal capital gains tax. Many calculators show gross profit without applying this exclusion. Relevant when projecting sale proceeds.
Home Sale Capital Gains CalculatorBased on your inputs
After 8.3% in costs and mortgage payoff
| Sale Price | $500,000 |
|---|---|
| Agent Commission (5.5%) | -$27,500 |
| Transfer Tax (0.3%) | -$1,500 |
| Title & Closing Costs | -$7,500 |
| Repairs | -$3,000 |
| Staging | -$2,000 |
| Seller Concessions | $0 |
| Net Before Mortgage Payoff | $458,500 |
| Mortgage Payoff | -$250,000 |
| Total Seller Costs | $41,500 |
| Net Proceeds | $208,500 |
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When you sell your home, here's where the money goes. Sale price: $500,000. Agent commission (5.5%): -$27,500. Transfer taxes (0.3%): -$1,500. Title/settlement: -$1,500. Payoff existing mortgage: -$250,000. Prorated taxes: -$2,000. Home repairs: -$3,000. Staging: -$2,000. Seller concessions: -$5,000. Net to seller: $207,500 (41.5% of sale price). Understanding each cost helps you negotiate intelligently and set realistic expectations.
The landmark 2024 NAR settlement changed how buyer agent commissions work. Buyers must now sign written agreements with their agents specifying compensation. Sellers no longer need to offer buyer agent commission through the MLS. Practical impact: buyers may negotiate with sellers to cover their agent fee, or pay it themselves. Either way, total commission costs for sellers may decrease 1–2% in competitive markets as buyer agents compete on price.
1. Negotiate agent commission: 5–5.5% is achievable, especially in hot markets. 2. Competitive listing price: Overpricing leads to price cuts and longer days on market — both reduce final price. 3. Strategic repairs: Kitchen and bathrooms have highest ROI. Cosmetic repairs (paint, landscaping) yield 100–200% ROI. 4. Timing: Spring/early summer historically yields highest prices. 5. Review the HUD-1/settlement statement before closing for errors — even 0.1% on a $500K sale is $500.
Net proceeds = Sale price − Agent commission − Closing costs − Remaining mortgage balance − Repair/staging costs − Prorated taxes. Use this calculator for an accurate estimate.
Sellers typically pay 7–10% of sale price in total costs: 5–6% agent commission, 1–2% transfer taxes and title fees, plus prorated property taxes and any repairs agreed to in negotiation.
Yes, through FSBO (For Sale By Owner) or flat-fee MLS services. However, you typically still pay the buyer's agent 2.5–3%. The new 2024 NAR settlement changed how buyer agent fees are negotiated.
Proceeds are typically wired to your account within 1–3 business days after closing. If you have an existing mortgage, the title company pays it off first from your proceeds.
Not if you qualify for the capital gains exclusion: $250K single / $500K married, if you've lived in the home 2 of the last 5 years as primary residence. Gains above this threshold are taxed at long-term capital gains rates.
Real estate agent commission is the largest cost at 5-6% of sale price. On a $400,000 home, that is $20,000-$24,000. Closing costs add another 1-3%. Remaining mortgage balance is subtracted from proceeds. Repairs and staging can cost $2,000-$10,000 depending on condition.
Focus on repairs that affect inspection results and buyer perception: fix leaky faucets, patch walls, replace broken fixtures, and address safety issues. Major renovations rarely return 100% of cost. Fresh paint and deep cleaning offer the highest return on investment for sellers.
Research comparable sales within 0.5 miles sold in the last 3-6 months with similar square footage, bedrooms, and condition. Online estimates from Zillow or Redfin provide a starting point. A real estate agent's comparative market analysis gives the most accurate local pricing.
If your mortgage balance exceeds the sale price, you have negative equity and must bring cash to closing to cover the difference. Alternatives include a short sale with lender approval, waiting for appreciation, or refinancing if eligible. This situation is called being underwater on your mortgage.
Sellers typically receive their net proceeds via wire transfer within 1-3 business days after closing. Some title companies offer same-day wire transfers. Check with your title company about their disbursement timeline and ensure your banking information is verified before closing day.
Net Proceeds = Sale Price − Commission − Transfer Tax − Closing Costs − Repairs − Staging − Concessions − Mortgage Balance
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Calculations are for educational purposes only. Consult a qualified financial advisor for personalized advice.