How The Closing Calculator Works...
When calculating net proceeds, the calculator starts with the Home Sale Price and subtracts all costs:
-
Agent Commission
-
Title Fees
-
Escrow Fees
-
Repair Costs
-
Miscellaneous Costs
-
Taxes
-
Remaining Mortgage Balance
The result is the seller’s net profit or remaining balance after all obligations are fulfilled. This process gives the seller a clear view of their financial position after the sale.
For example:
-
Home Sale Price: $400,000
-
Total Costs (including commission, fees, repairs, etc.): $50,000
-
Remaining Mortgage Balance: $250,000
Net Proceeds = $400,000 - $50,000 - $250,000 = $100,000
Closing Costs Education
Home Sale Price
The total price at which the home is sold, agreed upon between the buyer and seller. It represents the gross revenue from the sale. This value serves as the foundation for all calculations, as it determines the dollar amounts for percentage-based costs (like agent commissions) and influences the net proceeds after all expenses are deducted.
Agent Commission
(Typical: 5-6%)
A fee paid to real estate agents for facilitating the sale of the property. This percentage is typically divided between the buyer's agent and the seller's agent. Real estate agents provide services such as marketing the property, arranging showings, negotiating offers, and guiding the seller through the closing process. The commission is based on the total Home Sale Price.
Title Fees
Costs associated with transferring the legal ownership of the property from the seller to the buyer. This includes a title search (verifying the property has no liens or disputes) and title insurance (protecting against future claims). Title companies or attorneys charge these fees, which are often required to finalize the transaction.
Escrow Fees
These are charges for services provided by an escrow company or attorney to manage the funds, documents, and other details of the transaction until closing. Escrow ensures all conditions of the sale are met before money changes hands. This fee is shared between the buyer and seller in some cases but can be the seller’s responsibility in others, depending on local practices or negotiated terms.
Repair Costs
Costs incurred by the seller to fix issues in the home before or during the sale process. Repairs might be voluntary (to enhance the home’s value) or required (to satisfy buyer demands or lender conditions). Common repairs include fixing plumbing, painting, replacing damaged fixtures, or addressing inspection report findings.
Miscellaneous Costs
Any additional or unexpected expenses related to selling the property. These costs can vary widely based on the seller’s situation and local customs. Miscellaneous costs can include staging services (to make the home more appealing to buyers), photography, advertising, utility prorations, homeowner association (HOA) transfer fees, or legal fees.
Taxes
Taxes associated with selling the property. This can include property taxes (prorated for the year up to the sale date), transfer taxes (imposed by state or local governments), and capital gains taxes (on profits from the sale, if applicable). Taxes vary by location and circumstances. For example, some sellers may qualify for tax exemptions, such as the IRS exclusion on capital gains for primary residences.
Remaining Mortgage Balance
The amount of money the seller still owes on their mortgage at the time of sale. This is subtracted from the sale proceeds to pay off the debt before calculating the seller’s profit. The mortgage balance includes the remaining principal and may also include prepayment penalties or accrued interest if applicable.
Selling your home just got easier.
Discover the smarter way to sell your home with our exclusive 2% listing fee service. We connect you with top-tier real estate agents who aren't just experienced—they're exceptional. Our streamlined referral process ensures that only the most qualified agents handle your sale, guaranteeing a seamless experience from listing to close.
We bring you top agents and affordable rates to get you the best deal for your home. Ready to sell smarter? Fill out the short form below and we will have an agent call you shortly.
How Our FREE Service Works
Tell us about your Property
Provide some basic details about your home sale and goals so we can show you the best agents that match your specific needs.
Connect with Top-Rated Local Agents
Receive a call from one of our top local agents based on your criteria to interview at your convenience. We only work with experienced agents with 5 star reviews.
Get a Full-Service Listing for Just 2%
We provide a full service listing for 2%. Professional photos, showings, negotiations and more.
It's all included.
Se habla Espanol
Our Full-Service agents handle everything so you can Relax
Comparative Market Analysis
Professional Photos
Showings
Contracts & Negotiations
Open Houses
Contractors Recommendations
How Much Can You Save?
How Much Can You Save?
Get a full service agent for just 2%. We only work with top agents from major brands or local brokerages that outperform the competition.
Traditional
only 2% listing commission
usually around 3% listing commission
Our Service
or
Don't Just Take Our Word For It
Real reviews from real people about your local professionals
Alexa Young, NV
“The selling process was incredibly smooth from start to finish. Everything was handled professionally, and I received multiple offers within days. "
Morgan James, NV
"From listing to closing, the entire process of selling my house was easy and efficient."
Lisa Driver, NV
“Sold my home quicker than I expected and for a great price! Communication was excellent throughout, and every aspect was taken care of.”
OUR SERVICES
Here's what we offer:
Elite Agent Selection
We meticulously select only the best agents, ensuring they possess the expertise to navigate any market condition.
Low 2% Listing Fee
Enjoy full-service listing without the high commission fees. More savings for you without compromising on service and quality.
Superior Negotiation
Our agents leverage their top-notch negotiation skills to secure the highest possible price for your home.
Effortless Process
We handle the details, from agent selection to final sale, making your selling experience stress-free.
Get the assistance you need to reach your goals. Every member of our support team is:
-
An experienced, fully licensed real estate expert you can rely on
-
Ready to provide expert advice and answer all your questions
-
Equipped with the latest technology to help you make swift decisions
-
Committed to supporting you through every step of the process
