Home Sale Calculator

Estimate how much you will make by selling your house. This home sale calculator helps you figure out your numbers. It shows you what you might make after all the costs are paid.

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How Much Will I Make If I Sell My House?

The money you keep from selling your home is called net proceeds. It's what's left after you pay for everything.

Here's how it works. You take your home's sale price and subtract all your expenses. These include things like repairs, agent fees, and paying off what you still owe on your mortgage. What's left is yours to keep.

Costs of Selling a House

Selling a house costs money. Some expenses you can't avoid. Others depend on what services you choose.

Repairs: You might want to get a pre-inspection to see what needs fixing. You can handle some repairs yourself. Others need a contractor. It's smart to get a few quotes so you can compare prices. Sometimes, you can negotiate with the buyer to cover repair costs.
Staging: Some folks add decorations, better lighting, and other touches to make their home look more appealing. It's optional, but it can help attract buyers.
Cleaning: This covers what you spend making your home look good for people who come to see it. You can clean it yourself to save money. Or, you can hire someone to do a deep clean.
Agent fees: Sellers usually pay commissions to both real estate agents in the deal. This gets split between the listing agent and the buyer's agent. You'll typically pay 5 to 6% of your home's sale price here. You can sell without an agent, but you'll likely still pay the buyer's agent from what you make on the sale.
Closing costs: Buyers aren't the only ones who pay to close. Sellers pay them too. These include title insurance, property taxes, and any deals you made with the buyer. Sellers often pay 2 to 4% of the sale price on these fees. That doesn't include real estate agent commissions. When you add those in, total closing costs can reach 8 to 10%.
Moving costs: Moving costs money whether you hire professional movers or rent a truck yourself. You might also need to pay for storage or temporary housing if there's a gap between when you sell and when you move into your next place.
Liens: You need to pay any debts on your property. This includes home equity loans, tax liens, and other payments tied to your home.
Our home sale calculator factors in these costs when it shows your net proceeds. This gives you a realistic picture of what you'll make.

What Happens to Your Mortgage When You Sell Your House?

You can sell your house even if you still owe money on your mortgage. In fact, selling is one of the most common ways people pay off their home loans.

The title company makes sure your original mortgage gets paid from your sale proceeds. This happens as part of closing.

For most people, a big chunk of their sale money goes toward paying off the loan balance, closing costs, and any concessions they made to the buyer. Whatever equity is left over is your profit from the sale.

The housing market goes up and down, but property values usually rise over time.

How Home Equity Is Calculated

Your home equity is the difference between what your home is worth and what you still owe on your mortgage.

Let's say you owe $200,000 on your mortgage. You're under contract to sell your home for $450,000. That means you have $250,000 in equity.

But here's something important. Equity doesn't equal profit. You have to subtract the costs of selling your home to figure out your actual net proceeds.

If I Sell My House for $300k, How Much Do I Get?

Let's walk through a real example. When you're selling your house for $300,000, how much will you actually take home?

First, you'll pay off your remaining mortgage. Let's say you owe $200,000. That leaves $100,000.

Next come the selling costs:

Agent fees at 6%: $18,000
Closing costs at 3%: $9,000
Repairs and staging: $3,000
Moving costs: $2,000

Your total costs are $32,000. You subtract that from your $100,000 in equity. You're left with about $68,000 in net proceeds.

These numbers vary based on your situation. Your actual costs might be higher or lower. That's why using a home sale calculator helps you get a more accurate picture.

Calculate Seller Closing Costs

The total amount sellers pay in closing costs can be negotiated. You can work this out with the buyer before you accept an offer. You can also negotiate during the inspection and appraisal process.

After you include real estate commissions, sellers often pay 8 to 10% of the sale price. This might sound like a lot, but it covers everything needed to close the deal properly.

What Is a Real Estate Net Sheet?

A net sheet is a document that estimates what you'll make from selling your home. Your real estate agent usually provides this.

It typically includes the estimated sale price, your closing costs, and a rough estimate of how much you still owe on your mortgage. This document helps you see the numbers before you commit to anything.

When Does the Seller Receive Payment from a Home Sale?

The escrow company usually pays your net proceeds within 24 hours after closing. Many sellers get their payment the same day as the sale.

Your title company can tell you exactly what to expect before closing day arrives. It's worth asking so you know when to expect your money.

How Our VA Loan Specialists Can Help

Our VA loan specialists understand the unique needs of veterans, ex-servicemen, and surviving spouses. They can help you find VA mortgage programs with better terms and rates when you're ready to buy your next home.

Better rates and terms can make a real difference in what you can afford. Even a small difference in your interest rate adds up to big savings over the life of your VA loan.