KLOORAHome Sale Proceeds Calculator
Estimate the cash you get from selling a home after agent fees, closing costs, mortgage payoff and possible capital gains tax.
How to use Home Sale Proceeds Calculator
- Enter your values in the fields.
- The results update instantly as you type.
- Note or copy the numbers you need.
Features
- Instant results
- Free, no signup
- Runs in your browser, nothing is uploaded
- Works on phone and desktop
How it works
Proceeds = sale price minus commission, closing costs and mortgage payoff. Gain = sale price minus costs minus what you paid and improved. The exclusion lowers taxable gain.
Worked example
Selling for 550,000 with a 280,000 payoff, 5.5 percent commission and 1.5 percent costs nets about 231,500 before any tax.
Good to know
These are planning estimates, not tax or legal advice. Rules and limits change, so confirm at irs.gov, uscis.gov, ssa.gov or with a professional.
Frequently asked questions
What costs reduce my proceeds?
Agent commission (about 5 to 6 percent), closing costs, mortgage payoff and repairs or credits.
Is the gain taxed?
Up to 250,000 of gain (500,000 for married couples) can be excluded if you lived in the home 2 of the last 5 years.
Is the Home Sale Proceeds Calculator free?
Yes. It is free, needs no signup and works on any device.