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Calculator · Real Estate

Home Sale Net Proceeds Calculator

Every deduction between the sale price and the cheque you actually receive.

Read the how-to
The formula

How this number is built

net = price − commission − closing − transfer tax − repairs − concessions − mortgage − capital gains tax
Step by step

Doing it by hand

Step 1

Use a realistic sale price from recent comparables, not a listing price.

Step 2

Get the exact mortgage payoff figure from your servicer — it includes interest to the closing date.

Step 3

Confirm the commission split in the listing agreement; it is negotiable.

Step 4

Check your local transfer tax, which varies enormously between counties.

Step 5

Work out the cost basis including improvements, since it directly reduces taxable gain.

Questions

What people ask next

What counts toward cost basis?

The purchase price plus capital improvements such as a new roof or an addition. Routine repairs and maintenance do not count.

Can I avoid capital gains tax entirely?

If the home was your primary residence for two of the last five years, a substantial exclusion applies and most sellers owe nothing.

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