How net proceeds are calculated
The calculator subtracts percentage-based commissions and closing costs, entered sale expenses, mortgage payoff, and other liens from the sale price. The optional gain estimate subtracts selling costs and entered adjusted basis but does not calculate tax.
Important limitations
- Use current payoff statements because mortgage balance and payoff charges change daily.
- Capital-gain basis may include additional acquisition costs and adjustments not modeled here.
- Excludes federal, state, and local income tax, exclusions, depreciation recapture, and withholding.