Short answer: Your net proceeds are your sale price minus your remaining mortgage payoff, commission, closing costs, prorated taxes, and any negotiated concessions. Every one of those numbers is specific to your situation, so the only way to get a real answer is to run your actual numbers — not a generic formula.
The basic math
Start with your expected sale price, then subtract:
- Your remaining mortgage balance (payoff amount, not your original loan amount)
- Real estate commission, as agreed to in your listing agreement
- Title and closing costs
- Your prorated share of property taxes
- Any HOA fees or dues owed
- Any concessions or credits you agreed to during negotiations
What's left is your estimated net proceeds — the amount that actually lands in your pocket at closing.
Why a rough guess isn't good enough
Many sellers use their original purchase price or a rough Zillow estimate to guess their proceeds, but that skips real variables like your actual mortgage payoff, current market value, and negotiated costs. If you're depending on this number to buy your next home, that gap matters.
I'm not a tax advisor
For anything related to capital gains or your specific tax situation, I'll always point you toward a CPA. What I can do is give you an accurate, real-world estimate of your net proceeds based on current market value and actual costs.
Want your real number?
Before you list, I'll put together an honest net proceeds estimate using your home's current value and real closing costs — so you know what to expect, not just hope for. It's part of how I support sellers from our very first conversation.
📞 (214) 444-9427
📧 carlee.howard@rafterhrealty.com
🌐 rafterhrealty.com