The number that matters when you sell is not the price — it is what lands in your account after commissions, closing costs, repairs, and the mortgage payoff. This calculator walks the full waterfall line by line so there are no surprises at the settlement table.
| Sale price | $500,000 |
|---|---|
| Listing agent commission | −$12,500 |
| Buyer agent commission | −$12,500 |
| Seller closing costs | −$10,000 |
| Repairs & prep | −$5,000 |
| Buyer concessions | −$0 |
| Net before payoff | $460,000 |
| Mortgage & lien payoff | −$280,000 |
| Net proceeds | $180,000 |
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Selling costs typically total 6%–10% of the sale price: agent commissions, title and escrow, transfer taxes, prep and repairs, plus any buyer concessions. On a $500,000 sale that is $30,000 to $50,000 before the mortgage is paid off.
Since the 2024 NAR settlement, buyer-agent compensation is negotiated separately rather than customarily bundled into the listing agreement. Sellers frequently still offer it to attract buyers, but it is now a decision rather than a default — which is why this calculator treats it as its own input.
Start with the sale price, subtract every selling cost — commissions, closing costs, repairs, concessions — then subtract your mortgage payoff and any second liens. What remains is the cash wired to you at closing.
You would need to bring cash to closing to cover the shortfall, or negotiate a short sale with your lender. This calculator flags that case explicitly rather than showing a negative number without explanation.
Often not. Under the primary-residence exclusion, single filers can exclude up to $250,000 of gain and married couples filing jointly up to $500,000, subject to ownership and use tests. This calculator shows gross gain, not a tax computation — confirm with a tax professional.
Sources: National Association of Realtors — 2024 settlement on broker commissions; IRS Publication 523 — Selling Your Home; CFPB — closing disclosure and settlement costs.
Estimates for educational purposes only — not a loan offer, financial advice, or a commitment to lend. Actual rates, payments, and terms vary by lender and creditworthiness.