Net proceeds = Sale Price − Agent Commission − Closing Costs − Mortgage Balance − Concessions.
Typical total selling costs: 8–10% of sale price (commission + closing costs).
On a $400K sale: expect $32K–$40K in costs before netting your equity.
This calculator earns its keep at decision points: before accepting a loan, comparing investment platforms, or negotiating salary. The difference between the headline figure and the true cost or return is only visible with accurate arithmetic.
Many financial calculation errors stem from omitting ancillary costs: fees, taxes, insurance, or maintenance. The headline figure (interest rate, monthly payment) is rarely the complete cost of a financial product.
An employee receives a counter-offer from another employer: a £4,000 salary increase but no pension contribution versus the current role's lower salary with 8% employer pension. Running both through the finance calculator shows the true net financial value of each offer.
Typically 90–92% of sale price minus your remaining mortgage balance. Use this calculator for a precise estimate.
Typically 5–6% split between buyer's and seller's agent. As of 2024, buyer's agent commissions may be negotiated separately.
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