Selling your home comes with costs, but understanding your net proceeds—the amount you’ll make after expenses—is essential for planning your next steps. Simply Approved Mortgages’ Net Proceeds Calculator helps you estimate your potential profits so you can sell your home confidently.
A Net Proceeds Calculator is a tool that estimates the amount of money you’ll take home after selling your property. It accounts for:
This calculator provides a clear picture of what you’ll have left to reinvest in your next home or other financial goals.
Disclaimer: Advertised rates and fees depend on borrower qualifications and market fluctuations.
Enter Your Home’s Sale Price
Add Your Mortgage Balance
Include Agent Commissions
Account for Closing Costs
Review Your Estimated Net Proceeds
At Simply Approved Mortgages, we operate with a 1.5% fee, significantly below the industry standard. This ensures more savings for borrowers without compromising service quality.
Disclaimer: Simply Approved Mortgages complies with all state and federal licensing requirements that we are licensed in.
Net proceeds are the final amount you’ll receive from the sale of your home after subtracting all related costs. These include:
The remaining balance on your current loan will be deducted from the sale price.
Agents typically charge 5%–6% of the sale price, split between the buyer’s and seller’s agents.
These may include:
Market Conditions
Home Condition
Negotiations
Tax Implications
For buyers with limited savings, down payment assistance programs can make homeownership possible. Explore options like:
Learn more about these programs in our Down Payment Assistance Guide.
At Simply Approved Mortgages, we offer a wide range of mortgage products tailored to meet your needs:
👉 Explore these options today and find the perfect mortgage solution for your needs!
With our industry-leading 1.5% fee, compared to the standard 2.75%, we save you thousands while offering competitive rates tailored to your needs. Learn More.
Our team of seasoned professionals is dedicated to simplifying the mortgage process, providing personalized solutions, and ensuring you feel confident every step of the way.
We prioritize honesty and clarity. From disclosing every detail upfront to ensuring no hidden surprises, we build trust through our commitment to your financial success.
You can also get help from a Home Loan Expert.
Closing costs usually range from 2%–5% of the sale price and include fees for title services, escrow, and transfer taxes.
The calculator provides an estimate. For a detailed analysis, speak with a real estate or mortgage professional.
Yes, net proceeds can be applied as a down payment or to cover closing costs on your next property.
Here are two common ways to increase how much home you can afford.
Reduce your monthly debt. Paying off credit cards or other loans will improve your debt-to-income ratio. That increases how much home you can afford.
Increase your cash to buy. The more you have for a down payment and closing costs, the more home you can afford. Check out our home loans that make buying a home more affordable.
Use the calculator to explore how changing these numbers increases the estimated home price you can afford.
Upfront costs. Buying a home requires services like the appraisal, credit report, home inspection, title search and the processing of your loan. The costs for all these services are typically paid at closing, and they can range from 2 – 5% of the purchase price. At 3% for a $200,000 house, that’s $6,000.
Costs after you own the home. Paying property taxes and homeowners insurance are part of owning a home. Some types of mortgages require mortgage insurance. For most people, a portion of these costs are added to your monthly mortgage payment.
When using the calculator and looking at an estimated home price you can afford, check out the Monthly Payment and Cash To Buy sections. They’ll help you better understand the costs you need to consider.
If your prequalification estimate comes in low, more cash to buy usually helps. You don’t need a 20% down payment to buy a home. But most buyers need at least 3% of the home’s purchase price for a down payment, and another 2% to 5% for closing costs.
Try increasing your cash to buy in the calculator and see what happens. If the estimated home price you can afford seems good and it’s just cash to buy holding you back, call or chat with a Home Loan Expert. We have loan options that make buying a home more affordable.
The less debt you have, typically the more home you can afford. That’s because you have more income that can go toward your mortgage payment. In this case, debt is monthly payments for things like credit cards, student loans and car payments.
Simply Approved Mortgages is here to help you make informed decisions when selling your home. Use our Net Proceeds Calculator to estimate your profits and plan your next steps with confidence.
Get Started:
Simply input your details and see how much equity you could access today. If you have questions or need assistance, our team is here to guide you every step of the way.
Get a free credit score check to understand where you are and how to move forward.
Small changes in your credit score can lead to significant savings on your mortgage.
Stay on top of your credit health with credit monitoring, so you can catch issues early and maintain a strong score.
Discover how your credit score affects your mortgage options and rates. Plus, get personalized offers through our partner services to help you find the best loan for your financial situation.
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No credit card is needed to sign up.
Remember that a good credit score can lower your interest rate on your mortgage.
In today’s fluctuating economy, Canadian homeowners are increasingly looking at refinancing their mortgages
In today’s fluctuating economy, Canadian homeowners are increasingly looking at refinancing their mortgages
In today’s fluctuating economy, Canadian homeowners are increasingly looking at refinancing their mortgages
Reduce your monthly payment or loan term while unlocking the full potential of your home’s equity!
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