Sell My House Calculator

Selling a house involves more than just agreeing on a price with a buyer. Between real estate agent commissions, outstanding mortgage balances, closing costs, and miscellaneous fees, your actual net proceeds—the amount you walk away with—can differ significantly from the sale price.

To help you plan better, we’ve created a Sell My House Calculator, a free and easy-to-use tool that gives you a realistic estimate of your final profit (or loss) when selling your home.


What Is the Sell My House Calculator?

The Sell My House Calculator is a practical online tool that estimates how much money you will receive after selling your home. It takes into account:

  • Sale Price
  • Remaining Mortgage
  • Real Estate Agent Commission
  • Estimated Closing Costs
  • Other Selling Costs

Whether you’re selling your first home or downsizing after decades, this calculator helps you understand the real financial outcome of the transaction.


How to Use the Calculator – Step-by-Step Guide

Here’s how to use the tool effectively:

1. Enter the Sale Price of the House ($)

Input the expected or agreed-upon sale price of your property.

2. Input the Remaining Mortgage Balance ($)

This is the current amount you still owe on your home loan. The calculator will subtract this from the sale proceeds.

3. Set the Agent Commission (%)

Enter the percentage of the sale price you’ll pay to your real estate agent(s). The standard in many areas is 6%, but this can vary.

4. Estimate the Closing Costs ($)

These typically range from $2,000 to $7,000 depending on your location and lender requirements. You can enter a specific amount or use the default estimate of $3,000.

5. Include Other Selling Costs ($)

These might include home repairs, staging, moving costs, or concessions to the buyer. If unknown, you can leave it at $0 or enter a conservative estimate.

6. Click “Calculate”

Once all fields are filled, hit the Calculate button. Your estimated net proceeds and a detailed breakdown of costs will appear below.

7. Review or Reset

Want to try a different scenario? Just click Reset to start fresh.


Real-World Example: How Much Will I Make from Selling My House?

Let’s say you’re selling your home for $400,000. Here’s how the calculation might look:

  • Remaining Mortgage: $220,000
  • Agent Commission: 6%
  • Closing Costs: $4,000
  • Other Costs: $1,500

Calculation:

  • Agent Fee: $24,000 (6% of $400,000)
  • Total Costs: $220,000 (mortgage) + $24,000 (agent) + $4,000 (closing) + $1,500 (other) = $249,500
  • Net Proceeds: $400,000 – $249,500 = $150,500

This is what you’d potentially walk away with after the transaction is complete.


Why You Should Use a Home Sale Proceeds Calculator

Selling a house is often the biggest financial transaction in a person’s life. Knowing your potential net proceeds helps you:

  • ✅ Budget your next home purchase
  • ✅ Plan for moving and relocation costs
  • ✅ Avoid surprises at closing
  • ✅ Decide whether selling now is the right move
  • ✅ Understand the cost-benefit of using an agent

Common Use Cases

  • Homeowners Downsizing: Understand what you’ll pocket after the sale.
  • First-Time Sellers: Learn how much will be left after paying off your mortgage.
  • Real Estate Investors: Quickly assess profit margins from flips or buy-and-hold exits.
  • Divorce Settlements: Calculate net equity for fair division.
  • Estate Sales: Assist families in settling inherited properties.

15+ Frequently Asked Questions (FAQs)

1. What are typical closing costs for a seller?

Closing costs usually include escrow fees, title insurance, transfer taxes, and legal documentation. They range from $2,000 to $7,000 depending on your state and the price of the home.

2. What percentage does a real estate agent usually charge?

Most real estate agents charge a 5% to 6% commission split between the buyer’s and seller’s agents.

3. Can I sell my house without paying agent fees?

Yes, you can sell your home by owner (FSBO). However, you may still need to offer a buyer’s agent commission to attract buyers.

4. Do I have to pay off my mortgage before selling?

No, your mortgage balance is paid off during the closing process using the buyer’s funds.

5. What other selling costs should I consider?

These may include home repairs, staging, moving, landscaping, or concessions made to buyers such as paying part of their closing costs.

6. Is the calculator accurate for all states?

Yes, the math applies nationwide, but you should adjust for local taxes, title fees, and customs to get the most accurate result.

7. How do I estimate closing costs if I don’t know the exact amount?

Use the default $3,000 as a conservative estimate or contact your local title company or real estate agent for a quote.

8. What happens if I owe more than my house sells for?

You’ll have negative equity and may need to bring money to closing. This is known as a short sale if approved by your lender.

9. Does the calculator include capital gains taxes?

No. This calculator only estimates net proceeds from the transaction. For tax implications, consult a CPA.

10. How often should I update the values?

Any time there’s a change in the market, your loan balance, or your selling strategy (e.g., reducing the asking price).

11. Can this calculator be used for investment properties?

Yes. It works for primary homes, rentals, and investment flips.

12. What if I don’t use a real estate agent?

Set the agent commission to 0% to reflect FSBO or alternative sale methods.

13. Is this tool free to use?

Yes, it’s completely free and does not store your information.

14. How do I calculate profit if I made renovations?

Factor renovation costs into the “Other Selling Costs” field or subtract them manually from your net proceeds.

15. Can I include buyer concessions in the calculator?

Yes, enter any agreed-upon buyer concessions in the “Other Costs” field.

16. Does this calculator work for cash sales?

Yes. Regardless of financing type, the seller’s cost structure remains largely the same.

17. How can I reduce selling costs?

Consider negotiating lower agent commissions, shopping for more affordable title services, or selling directly to buyers.

18. What if I’m still under contract with my agent?

Your contract likely includes a commission clause. Check with your agent or brokerage.

19. Can I use this tool on mobile devices?

Yes, the calculator is responsive and works on smartphones and tablets.


Final Thoughts

Selling a home is about more than the offer you receive—what really matters is what you keep. Our Sell My House Calculator simplifies the process by giving you a clear picture of your net proceeds. Whether you’re planning your next purchase or just exploring options, this tool ensures you’re financially informed every step of the way.

Try the calculator now and make smarter decisions about your home sale.