Net proceeds calculator: what you take home from a home sale
The sale price is not what lands in your bank account. This net proceeds calculator starts with the price and takes off everything that comes out at closing: the mortgage payoff and any other loans, agent commission (with VAT, HST or GST where it applies), closing costs, repairs or credits to the buyer, and an estimate of tax on the gain. The result is a seller net sheet you can download.
Don’t know your exact balance? Switch to Estimate it and enter the original loan, rate, term and payments made — the balance comes from the same amortisation maths as the site’s loan calculators. Country settings cover the US main-home exclusion, Canada’s principal residence exemption, UK Private Residence Relief, India’s 12.5% long-term rate, the UAE and Australia. Results are estimates, not tax or financial advice.
How to use the Home Sale Net Proceeds Calculator
- Choose your Country and enter the Sale price.
- Enter the Mortgage balance, or pick Estimate it and fill in the original loan details. Add any early repayment charge and other loans.
- Fill in Selling costs: commission, the tax on it, closing costs and any repairs or credits.
- Under Tax on the gain, enter what you paid, improvements, your tax rate and whether it is your main home.
- Read the net proceeds and the seller net sheet, then press Download CSV to keep it.
Home Sale Net Proceeds Calculator features
Seller net sheet
Every deduction line by line, with the gain, exempt part and taxable gain shown underneath.
Payoff estimate
Works out the remaining balance from the original loan, rate, term and payments made.
Commission with tax
Adds UK VAT, Ontario HST, Indian GST or UAE VAT on the agent’s fee.
Main-home rules
US $250,000/$500,000 exclusion, UK Private Residence Relief, Canadian and Australian main-residence exemptions.
Shortfall warning
If costs and loans exceed the price, it tells you how much you would need to bring to closing.
How net proceeds are calculated
Net proceeds = sale price − commission − tax on commission − closing costs − repairs and credits − mortgage payoff − early repayment charge − other loans − tax on the gain − moving costs.
The gain for tax is the sale price minus what you paid, improvements and buying costs, and selling costs. Moving costs are not deductible. Exemptions are then applied as below and the rate you enter is charged on what remains.
| Country | Main home | Otherwise |
|---|---|---|
| United States | $250,000 of gain excluded ($500,000 married filing jointly) if owned and lived in 2 of the last 5 years | Long-term rate 0%, 15% or 20% + state tax |
| United Kingdom | Exempt (Private Residence Relief) | 18% / 24% above the £3,000 annual exempt amount |
| Canada | Exempt (principal residence) | Half the gain at your marginal rate |
| India | No blanket exemption | 12.5% without indexation (property held over 24 months) |
| UAE | No personal capital gains tax | — |
| Australia | Exempt (main residence) | 50% discount after 12 months, marginal rate |
Worked example
A US home sells for $450,000. Commission at 5% is $22,500 and other closing costs $4,500, so selling costs are $27,000. Repaying the $280,000 mortgage leaves $143,000 of net proceeds — 31.8% of the price. The gain is $450,000 − $300,000 − $20,000 − $27,000 = $103,000, which is inside the $250,000 main-home exclusion, so no federal tax is due.
If it were a rental instead, the full $103,000 would be taxable: at 15% that is $15,450, and net proceeds fall to $127,550. With only the original loan known — $320,000 at 6.5% over 30 years with 60 payments made — the estimated payoff is $299,555 and net proceeds are $123,445.
Tips before you sell
- Ask your lender for a payoff statement: it includes interest to the payoff date and any fees, so it is a little higher than the balance on your statement.
- Commission is negotiable, and in the US sellers decide whether to offer pay to the buyer’s agent.
- Itemise title, escrow, legal and transfer-tax costs with the closing cost calculator; for Indian property gains, including indexation, use the capital gains tax calculator.
Home Sale Net Proceeds Calculator FAQ
How do I calculate net proceeds from a home sale?
Subtract commission, closing costs, repairs or credits, the mortgage payoff and other loans, and any tax on the gain from the sale price. This net proceeds calculator lists each line and the total.
How much will I make selling my house?
Typically the sale price minus 5–10% of selling costs and your mortgage balance. Enter your figures to see the exact amount and the share of the price you keep.
Is this a net proceeds calculator for Texas?
Yes. Choose United States: Texas has no state income tax or transfer tax, so enter commission, the owner’s title policy and escrow fees (the closing cost calculator works out the title premium) and your payoff.
How does the net proceeds calculator work in Canada?
Choose Canada: commission includes 13% HST by default (Ontario — change it for your province), and a principal residence is exempt from capital gains tax.
Do I pay tax when I sell my home?
Usually not on a main home in the US (up to the exclusion), UK, Canada or Australia. Second homes and rentals are taxed on the gain. India taxes gains on any property, with reinvestment exemptions.
Why is my payoff higher than my balance?
Payoff figures include interest up to the payoff date, any early repayment charge and release fees.