Seller Net Proceeds Calculator

Sellers typically pay real estate agent commissions (often 3% to 6% of sale price), title insurance, escrow or attorney fees, transfer taxes, prorated property taxes, any seller-paid buyer closing cost concessions, and their remaining mortgage balance. Buyers may also negotiate for repairs or credits. Understanding all these costs before listing helps set a realistic price target and net proceeds expectation. Your agent can provide a seller net sheet.

Start with the expected sale price, then subtract: real estate commissions, title and escrow fees, transfer taxes, mortgage payoff amount, outstanding liens or home equity loan balances, pre-closing repairs or credits, and any seller concessions. The result is your approximate net proceeds before capital gains tax. Use this calculator as a planning estimate, then confirm exact figures with your title company before closing.

The IRS allows an exclusion of up to $250,000 in gain for single filers and $500,000 for married filing jointly on the sale of a primary residence if you have owned and lived in the home as your primary residence for at least two of the five years before the sale. Gains above the exclusion are taxed at long-term capital gains rates if you owned the home more than one year. Consult a tax advisor if your gain may exceed the exclusion.

A seller net sheet is a document prepared by your real estate agent or title company that itemizes every estimated cost and credit specific to your transaction. It uses actual payoff quotes, local tax rates, and confirmed fee schedules. This calculator provides a general estimate using typical percentages to help you plan. Always request an official seller net sheet from your agent or escrow officer before making financial decisions.