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Seller Net Sheet

What you walk away with

Enter your expected sale price and what you still owe on your mortgage. We’ll subtract agent commissions, taxes, and closing fees to estimate the cash you’d receive when the sale closes.

  1. Your loan gets paid off first

    At closing, part of the buyer’s money goes straight to your lender to close out your mortgage. That amount is your . What’s left before costs is your .

  2. Selling costs come out of the price

    Agent are usually the biggest cost. Then come , title and closing fees, and any credits you agreed to give the buyer. Together they often run several percent of the price.

  3. What remains is your net

    The sale price minus the payoff and costs is your : the money wired to you on closing day. Income tax on any profit is figured separately.
Your loan servicer can quote an exact payoff, and your agent or title company knows the local fees. To pick a list price with your net in mind, see Pricing your home for sale.
Your sale

The price you expect and what you owe. Use a recent payoff quote if you have one; your monthly statement balance is a close stand-in.

$
$
Agent commissions$17,500

A percentage of the sale price paid to the agents. Usually your largest selling cost.

%
%
Taxes, title, and closing fees$7,550

Government charges and the title or escrow company's fees. Your title company can confirm the exact local amounts.

% of sale
Who pays owner’s title?
$
$
$
Credits and adjustments$0

Money you agreed to give the buyer, plus your share of the property tax bill. Leave at 0 if none apply yet.

$
$
$

Estimated cash to you at closing

$354,950

$700,000 sale − $320,000 payoff − $25,050 costs = $354,950.

Sale price

$700,000

what the buyer pays

Mortgage payoff

$320,000

goes to your lender

Total selling costs

$25,050

3.58% of the price

You walk away with

$354,950

before capital gains tax

What this means

If your home sells for $700,000, you’d pay off your $320,000 mortgage and about $25,050 in selling costs (3.6% of the price). That leaves roughly $354,950 for you. The biggest cost is agent commissions at $17,500, which rises and falls with the price.

Your title or will send exact figures on a settlement statement before closing. Moving costs and tax on your profit aren’t included; tax is covered below.

What would change your net

Negotiate your agent to 2% instead of 2.5%+$3,500
Accept $10,000 less on the price−$9,650

A price cut costs you a bit less than its face value, because commissions and transfer tax shrink with the price.

Capital gains tax isn’t included here. If you’ve owned and lived in the home for at least 2 of the last 5 years, the removes federal on up to $250,000 of profit ($500,000 if ). State tax may still apply. Check yours with the capital gains calculator.

Results are estimates based on your inputs and the assumptions on this page, not quotes or advice. A lender, servicer, or tax advisor will give you different numbers. Disclaimer

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Terms used on this page

The line items that come out of your sale price, and the tax rule that decides whether you owe on the profit.

Net proceeds
The cash you receive from a sale after your mortgage payoff and all selling costs. Your taxable profit is a separate figure, based on your cost basis.
Mortgage payoff
The exact amount needed to close out your loan on the sale date. It’s a little higher than your statement balance because interest adds up daily; your servicer quotes it for a specific date.
Listing agent commission
What you pay the agent who markets and sells your home, as a percentage of the price. Typically 2.5% to 3%, and negotiable.
Buyer’s agent commission
The fee for the agent representing the buyer. Since the 2024 NAR settlement, whether the seller pays it is negotiated in each deal.
Transfer tax
A one-time state, county, or city tax charged when a home changes hands, as a percentage of the price. Usually paid by the seller; some states have none. More
Owner’s title insurance
A one-time policy that protects the new owner against old liens or ownership claims. Whether the seller or buyer pays depends on local custom and the contract. More
Settlement or escrow fee
What the title or escrow company charges to run the closing: holding the money, preparing documents, and paying everyone involved.
Seller concession
Money you agree to give the buyer at closing, usually toward their closing costs or in place of repairs. It comes straight out of your proceeds.
Property tax proration
Splitting the year’s property tax so you pay only for the days you owned the home. You may owe the buyer or get a credit, depending on what’s already been paid.
Section 121 exclusion
A tax rule that lets you skip capital gains tax on up to $250,000 of profit from selling your main home ($500,000 if married filing jointly), if you owned and lived in it 2 of the last 5 years. More

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