Toolzie

Home Sale Proceeds Calculator

Estimate how much you'll walk away with after selling your home

Total commission (both listing + buyer's agent)

Transfer taxes, attorney, title, escrow fees

Prorated property taxes paid at closing

How to Use the Home Sale Proceeds Calculator

Enter your expected sale price, remaining mortgage balance, agent commission percentage, and any other closing costs. The calculator shows your net proceeds — the cash you walk away with after the sale closes.

Every dollar of commission, closing costs, and pre-sale repairs eats into your take-home. Knowing your net proceeds upfront helps you decide whether selling now makes sense, whether to negotiate commissions, and how to price your listing.

Frequently Asked Questions

What are typical agent commissions when selling a home?

Total commissions typically run 4-6% of the sale price, split between the listing agent (~2-3%) and the buyer's agent (~2-3%). In Canada, commission is usually 3-5% total.

What closing costs does the seller pay?

Real estate commissions, attorney or escrow fees, transfer taxes, title insurance (in some regions), outstanding property taxes, HOA fees, and any agreed-upon repairs or credits.

Do I have to pay off my mortgage when I sell?

Yes — your mortgage is paid off at closing from the sale proceeds. The payoff amount is usually slightly higher than your statement balance because of accrued interest.

Is the money I get from selling my house taxed?

In Canada, your principal residence is generally exempt from capital gains tax. In the US, you can exclude up to $250,000 of gain ($500,000 if married) if you've lived in the home 2 of the last 5 years.

Related Tools

Explore these tools to plan every side of your home and finances:

Share:
Helpful?

Next steps after estimating your proceeds

Plan the tax implications, your next purchase, and your moving costs:

📊 Capital Gains Tax (Canada) Tax owed when selling a non-principal-residence property. 🏠 Mortgage Calculator Monthly payment + amortization for your next home. 🏡 House Affordability How much house can you afford on your income? 💰 Income Tax Calculator Plan for the tax year of your home sale. 🛒 Best Home-Selling Books Top-rated guides on Amazon Canada (affiliate link).

About This Tool

The Toolzie Home Sale Proceeds Calculator helps home sellers estimate the cash they'll walk away with after closing. Enter your sale price, outstanding mortgage, agent commission, closing costs, repairs, and property taxes to see your net proceeds instantly — plus a line-by-line cost breakdown.

How to Use

  1. Enter your expected home sale price — what a buyer will pay for your home.
  2. Enter your remaining mortgage payoff balance (check your latest statement).
  3. Set the total agent commission percentage (typically 4-6% in the US, 3-5% in Canada).
  4. Add closing costs, pre-sale repairs/staging, and any property taxes owed at closing.
  5. Click Calculate to see your net proceeds and a full cost breakdown.

Frequently Asked Questions

What are typical agent commissions when selling a home?

Total commissions typically run 4-6% of the sale price, split between the listing agent (~2-3%) and the buyer's agent (~2-3%). In Canada, commission is usually 3-5% total.

What closing costs does the seller pay?

Real estate commissions, attorney or escrow fees, transfer taxes, title insurance (in some regions), outstanding property taxes, and any agreed-upon repairs or credits to the buyer.

Do I have to pay off my mortgage when I sell?

Yes — your mortgage is paid off at closing from the sale proceeds. The payoff amount is usually slightly higher than your statement balance because of accrued interest.

Is the money I get from selling my house taxed?

In Canada, your principal residence is generally exempt from capital gains tax. In the US, you can exclude up to $250,000 of gain ($500,000 if married) if you've lived in the home 2 of the last 5 years.

Should I sell my house as-is or make repairs first?

Small repairs and fresh paint often return 2-3x their cost in a higher sale price. Major renovations rarely return 100% at sale. Track pre-sale improvement costs separately from closing costs.

Estimates only. Not financial, tax, or legal advice. Full disclaimer · Terms