THE PLANNING DESK / SELL

How much will you keep after selling your house?

Start with your expected sale price, then subtract the dated mortgage payoff and selling expenses. The estimate is the cash a sale may release, before any separate tax consequences. Use a local seller net sheet to refine the allowances.

Every starting figure is an editable example, not a market quote. Tap an info button for an explanation.

01 / Your current home

Expected sale price

Your working estimate of the price a buyer will pay. Example: $350,000. Try a lower price too. This is not an automated home valuation.

Mortgage and other payoffs

The amount needed to pay off your mortgage and any other liens at closing. Example: $224,000. Ask for a dated payoff quote, which may differ from the balance in your mortgage app.

Combined selling costs (%)

A single allowance for selling expenses such as negotiated brokerage compensation, title or closing charges, and applicable prorations. Example only: 6% of $350,000 is $21,000. This is not a standard fee. Use a local net sheet and leave repairs and seller credits in the next field.

Repairs and seller credits

Repairs are money you expect to spend fixing the home. Seller credits are amounts you agree to contribute toward the buyer’s costs under the contract. Example: $2,000 in repairs plus a $3,000 buyer closing cost credit = $5,000 here. Do not also include these in combined selling costs.

02 / Your next home

Next home purchase price

The amount you plan to pay for the next home. Example: $400,000. This is a planning assumption, not a listing price prediction.

Down payment (%)

The share of the purchase price you pay upfront instead of borrowing. Example: 20% of $400,000 = $80,000. Loan requirements vary. This is separate from closing costs.

Purchase closing allowance (%)

An allowance for purchase closing charges, prepaid expenses, and initial escrow funding. Example only: 3% of $400,000 = $12,000. Use your lender’s Loan Estimate for your transaction. This tool does not separately subtract deposits already paid.

Moving and setup

Moving and setup expenses outside closing. Example budget: $2,000 for movers plus $1,000 for travel and setup = $3,000. Replace this example with quotes for your move.

Cash to keep after the move

Money you want to have left after the purchase and move. Example: $10,000. It is included in the cash budget but is not a payment to anyone.

Illustrative interest rate (%)

The annual interest rate used to estimate principal and interest. The starting 6.5% is an example, not a current rate or an offer. Use a lender quote. This tool assumes a fixed rate.

Loan term (years)

How long the loan is scheduled to last. Example: 30 years means 360 monthly payments. The term must be greater than zero.

Annual property tax

The estimated annual property tax for the next home. Example: $3,600 a year adds $300 per month. Verify the amount for the property and your circumstances with local sources.

Annual insurance

Annual homeowners and any separate property insurance you expect to pay. Example: $1,800 a year adds $150 per month. Get address specific quotes and include separate coverage where applicable.

Monthly HOA

Regular homeowners association dues per month. Example: $300 quarterly = $100 monthly. Enter 0 if none apply. Special assessments need a separate budget.

Monthly mortgage insurance

Monthly mortgage insurance, if required for your loan. Example only: a lender quote of $120 per month belongs here. Enter 0 only when it does not apply. This is separate from homeowners insurance.

Use a combined allowance for negotiated selling expenses, including any compensation, closing charges, and prorations. Avoid counting the same cost twice. Purchase closing allowance includes prepaids and escrow funding you expect at closing. Starting rates and percentages are examples.

Example: a home sale with a mortgage

Sale calculation	Illustrative amount
Expected sale price	$350,000
Mortgage and other payoffs	− $224,000
Combined selling allowance: 6%	− $21,000
Separate repairs and seller credits	− $5,000
Estimated net proceeds	$100,000

The combined allowance might cover negotiated brokerage compensation, closing charges, and applicable prorations. It is not a standard commission or local quote. Repairs and seller credits are separate here to prevent counting them twice.

Mortgage balance and payoff are different inputs

A mortgage account balance may not be the amount needed to satisfy the loan on the closing date. Ask for a dated payoff quote and include any other liens that must be paid. A change in closing date can change the figure. See how to build a proceeds estimate.

What if the buyer asks for a credit?

With every other term unchanged, a $3,000 seller credit reduces estimated proceeds by $3,000. Compare the full offer, including price, credits, repairs, and your costs if closing is delayed. Contract terms and allowable credits require local and lender review.

What this estimate excludes

This tool does not calculate capital gains taxes, special local tax rules, overlapping ownership costs, or a property valuation. If you already include repairs or credits in your selling allowance, remove them from that allowance before entering them separately.

What can those proceeds fund on your next home?

Compare them against the next down payment, purchase costs, moving, and retained reserves in the sell a house and buy another calculator. Funds must actually be available before they can support a dependent purchase.