Short answer: your net proceeds are the sale price minus your loan payoff, agent commissions, seller closing costs, any concessions, and prorated taxes. Below is the actual math, worked out on an example, plus what those proceeds buy on your next home. These are illustrative numbers, and I am a Realtor with KW Westfield, not a mortgage broker, so a licensed lender confirms your exact figures.
A net sheet is the honest bottom line: not what your home sells for, but what you actually walk away with. It takes your sale price and subtracts the costs of selling, so you can plan your next move with a real number instead of a guess. I build one for every seller before we list, and I keep it updated as offers come in.
Let's do the actual math. Say your home sells for $600,000 and you still owe $300,000 on your mortgage. Here is how the number comes together.
| Net sheet (example) | Amount |
|---|---|
| Sale price | $600,000 |
| Loan payoff | −$300,000 |
| Agent commissions (5% total, negotiable) | −$30,000 |
| Seller closing costs (about 1.5%) | −$9,000 |
| Buyer concessions / repairs | −$6,000 |
| Prorated property tax / HOA | −$1,000 |
| Estimated net proceeds | $254,000 |
So on a $600,000 sale, this example seller nets about $254,000. Swap in your own sale price and payoff and the same lines apply.
These are illustrative example numbers to show how the math works, not a quote or a promise about your result. I am a Realtor with KW Westfield, not a mortgage broker. Commissions are negotiable, closing costs vary, and a licensed lender confirms your exact loan payoff, rate, and payment.
Loan payoff is what you still owe, and your lender gives you an exact figure. Agent commissions are negotiable, and the example uses 5% total; yours may differ. Seller closing costs (title, escrow, recording, and similar) usually land around one to two percent. Concessions and repairs depend on the deal you negotiate, and prorations just settle taxes and any HOA up to closing day. Nothing here is hidden, and I walk you through every line.
Here is the part that makes selling exciting: your equity moves with you. Take that same $254,000 and put it toward the next home.
| What it buys next (example) | Amount |
|---|---|
| Net proceeds you bring | $254,000 |
| Next home price | $700,000 |
| 20% down payment | $140,000 |
| Left for closing, moving, and reserves | $114,000 |
| New loan amount | $560,000 |
| Example payment (principal & interest, 6.5% / 30 yrs) | about $3,540 / mo |
In the example, your proceeds cover a 20% down payment on a $700,000 home and still leave about $114,000 for closing costs, moving, and reserves. The new loan of $560,000 at an example 6.5% over 30 years runs about $3,540 a month in principal and interest, before taxes and insurance. Your real rate and payment come from a licensed lender, and if you have a low rate today, ask them about your options before you assume moving is off the table.
Every number above is illustrative, to show how the math works. The version that matters uses your sale price, your payoff, and today's costs. I prepare that net sheet for free, with no obligation to list, so you can decide your next move with the real bottom line in front of you.
Before you guess at your bottom line, let's run your real net sheet together. Your actual sale price, your payoff, today's costs, and no obligation to list.
Get your free net sheet from Cory Salisbury, Realtor with KW Westfield. I am not a mortgage broker; a licensed lender confirms your loan figures.
General education, not mortgage, tax, or legal advice. Loan eligibility, rates, and terms are determined by a licensed lender. Cory Salisbury, Realtor, KW Westfield. Equal Housing Opportunity.
Start with your expected sale price, then subtract your loan payoff, agent commissions, seller closing costs, any concessions, and prorated taxes. What's left is your estimated net proceeds. In a worked example, a $600,000 sale with $300,000 owed nets about $254,000. These are illustrative figures; I prepare a free net sheet with your real numbers.
Typically your loan payoff, agent commissions (which are negotiable), seller closing costs like title and escrow (often around one to two percent), any buyer concessions or repairs you agree to, and prorated property tax or HOA up to closing. A net sheet lays out each line so there are no surprises.
Yes. Commissions are negotiable and are not set by law. The example on this page uses 5% total to keep the math simple, but yours may be different. We agree on it up front and it shows on your net sheet.
Usually, yes, and for many sellers that is the plan. In the example, $254,000 in proceeds covers a 20% down payment on a $700,000 home with money left over for closing and moving. The exact loan, rate, and payment come from a licensed lender. I am a Realtor with KW Westfield, not a mortgage broker.
It depends on your loan amount and rate, which a licensed lender confirms. As an example only, a $560,000 loan at 6.5% over 30 years is about $3,540 a month in principal and interest, before taxes and insurance. Your real numbers may differ. This is general education, not mortgage or financial advice.
No. I prepare a net sheet for free, with no obligation to list, using your actual sale price and payoff. You get a real bottom line and the reasoning behind every number, so you can plan your move with confidence.
General education, not mortgage, tax, or legal advice. Loan eligibility, rates, and terms are determined by a licensed lender. Cory Salisbury, Realtor, KW Westfield. Equal Housing Opportunity.
