Sell My Home Calculator

Selling a home involves more than just agreeing on a sale price—it also requires factoring in various expenses that can significantly impact your final profit. That’s where our Sell My Home Calculator comes in. This user-friendly tool helps homeowners determine exactly how much money they’ll walk away with after paying off their mortgage, covering agent commissions, closing costs, and any necessary repairs or renovations.

Whether you’re planning your next move or just curious about your financial standing, this tool provides clear, accurate estimates to help you make smarter real estate decisions.

How to Use the Sell My Home Calculator: Step-by-Step

Using the calculator is quick and simple. Here’s how to do it:

  1. Enter Your Home Sale Price
    Input the price you expect to sell your home for. This could be based on a current listing, an appraisal, or a market estimate.
  2. Input Your Remaining Mortgage Balance
    Provide the outstanding balance you still owe on your mortgage. This will be subtracted from the sale price.
  3. Set the Agent Commission (%)
    Typically, real estate agents charge a commission of around 5–6%. The calculator lets you adjust this amount based on your agreement with your agent.
  4. Estimate Your Closing Costs
    Enter your anticipated closing costs. This usually includes title fees, escrow, taxes, and attorney fees. The default is set at $3,000, but you can update it.
  5. Include Repair or Renovation Costs
    If you’re spending money to fix or upgrade the property before selling, include that here to get a realistic net profit figure.
  6. Click “Calculate”
    Hit the “Calculate” button, and the tool instantly shows:
    • Agent Commission
    • Total Selling Costs
    • Estimated Net Profit
  7. Click “Reset” to Start Over
    Want to change numbers or start fresh? Simply click “Reset” to clear all fields.

Example Scenario: How Much Will You Make?

Example:
Let’s say you’re selling your home for $400,000, with a mortgage balance of $250,000.

  • Agent commission: 6%
  • Closing costs: $4,000
  • Repairs: $5,000

Calculation Breakdown:

  • Agent Commission: $400,000 × 6% = $24,000
  • Total Selling Costs: $24,000 (commission) + $4,000 (closing) + $5,000 (repairs) = $33,000
  • Net Profit: $400,000 – $250,000 – $33,000 = $117,000

This is the amount you’d receive after all major expenses are deducted from the home sale.

Why This Calculator Is a Must-Use Tool for Homeowners

Many sellers overestimate their profits by only looking at the sale price minus the mortgage. They forget to factor in:

  • Commission fees
  • Closing costs
  • Pre-sale repairs or renovations

These expenses can quickly add up and dramatically reduce your bottom line. Our calculator gives you a comprehensive financial picture so you can plan effectively—whether you’re buying your next home, investing, or simply budgeting.

Additional Use Cases and Tips

  • Planning for Retirement: Know exactly how much equity you’ll free up.
  • Selling During Divorce or Probate: Helps divide assets fairly.
  • Downsizing or Relocating: Assists in determining how much capital you can roll into a new home.
  • Investors Selling Rental Properties: Accurately forecast profits and tax obligations.
  • FSBO Sellers: Factor in savings from reduced or no commission fees.

15+ Frequently Asked Questions (FAQs)

1. What is included in the “agent commission”?

Agent commission typically includes both the seller’s and buyer’s agent fees, usually split evenly between them.

2. What are typical closing costs when selling a home?

Common fees include title insurance, escrow fees, attorney fees, property taxes, and recording fees—typically 1–3% of the sale price.

3. Can I set the commission to 0% if I sell without an agent?

Yes, just change the commission input to 0 if you’re selling the home yourself.

4. What happens if I still owe more than my home is worth?

The calculator will show a negative net profit, indicating a potential short sale situation.

5. Is the profit estimate before or after taxes?

This tool shows pre-tax profit. Consult a tax advisor for capital gains implications.

6. What if I don’t have any repair costs?

Just enter “0” in the repairs field—the calculator adjusts accordingly.

7. Can I use this tool for investment properties?

Yes, it’s suitable for all types of property sales—residential or investment.

8. Is this calculator accurate for every U.S. state?

Yes, but actual costs (especially closing fees) may vary slightly by location.

9. Does it account for capital gains taxes?

No. It calculates net profit before taxes. For tax planning, consult a financial advisor.

10. What if I have multiple mortgages?

Combine the balances and enter the total amount owed in the “Mortgage Balance” field.

11. Is this tool mobile-friendly?

Yes, the calculator works seamlessly on desktops, tablets, and smartphones.

12. Do I need to install anything?

No installation is needed—use it directly from your browser.

13. Can I save my results?

While the tool doesn’t save data, you can take a screenshot or note the results manually.

14. What if I refinance before selling?

Use your current mortgage payoff balance regardless of your refinance history.

15. Does this account for seller concessions?

Not directly. If you’re covering buyer costs, add those to the “closing costs” field.

16. Can I estimate profit before listing my home?

Yes, this tool is ideal for pre-listing financial planning.

17. Will this help me price my home?

Indirectly—it helps ensure the sale price covers your costs and delivers your desired profit.

18. How often should I recalculate?

Any time your home price, repair budget, or commissions change—update the fields and recalculate.

19. Can this tool be used by real estate agents?

Absolutely—it’s a great resource for agents to share with clients during listing presentations.

20. What’s the best way to reduce selling costs?

Consider negotiating lower commissions, minimizing repairs, or handling some paperwork yourself.

Final Thoughts

Selling your home can be financially rewarding—but only if you understand the real numbers behind your sale. Our Sell My Home Calculator is a powerful tool that puts you in control, allowing you to make informed, confident decisions about one of your biggest assets.

Whether you’re ready to list or just planning ahead, try the calculator today and discover what your home is really worth—after all the costs are said and done.