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Sale Proceeds After Mortgage Calculator

Calculate sale proceeds after selling costs and mortgage payoff, before taxes or other settlement items.

Starting values are an editable worked example.

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How to use

  1. Enter Sale price.
  2. Enter Selling costs.
  3. Enter Loan payoff.
  4. Calculate, then review what is included in the definition before making a financial decision.

How it is calculated

Net proceeds = sale price − selling costs − loan payoff

Example

A 1,100,000 sale less 55,000 costs and 650,000 loan payoff gives 395,000 net proceeds.

Important notes

Taxes, settlement charges or accrued interest may still apply. Use the final payoff and settlement statements for actual amounts.

Worked examples and interpreting results

Worked examples and interpreting results
CaseCalculationResult
Costs and debt55000 + 650000705,000
Net proceeds1100000 − 705000395,000

Frequently asked questions

Are net proceeds the same as profit?

No. Profit also requires comparison with purchase cost, improvements and prior cash flows.

Is this a loan approval or credit decision?

No. This is a numerical calculator only; lenders may use different income, debt, appraisal and fee policies.

Should I use gross or net income?

Use the income type named by the field. Do not substitute net for gross because it changes the denominator and result.