One of the most important questions consumers will ask themselves is, "How much money will I make selling my home?" That's dependent on several things, including: the amount you still owe on the home and what you will have to pay your realtor for selling the home. If you have a second mortgage, home equity loan, or line of credit on the property you'll have to pay that off when you sell the home. When you sell a home, you'll also have to pay interest on your outstanding mortgage balance from the date of your last payment until the date of the sale. You're also liable for property taxes up until the day you sell the home. At times, sellers have additional expenses. Local governments will often require that you pay a transfer tax when the home is sold. Incidental closing costs may also nibble away at your proceeds.
Use our calculator to estimate your potential home sale earnings.
Change the numbers in each input field by entering a new number or adjusting the sliders. After entering your data into each input field, the calculator results will automatically update the summary statement and chart.
