Net Proceeds from Selling a $400,000 Home with $200K Payoff
Selling for $400,000 with $200,000 left on the mortgage and 6% commission results in net proceeds of approximately $171,000.
How to use this tool
- Enter the agreed sale price.
- Enter the total agent commission percentage.
- Enter your remaining mortgage payoff amount.
- Add other selling costs (transfer tax, title, repairs, concessions).
- Read your estimated net proceeds.
See how much a seller nets after paying off a $200,000 mortgage and agent commissions on a $400,000 home sale.
Frequently asked questions
- How do I calculate my net proceeds from selling a house?
- Start with the sale price, then subtract the agent commission, your mortgage payoff, and other selling costs like transfer taxes and title fees. What remains is your net proceeds — the cash you keep.
- What is a typical real-estate commission?
- Commissions have historically been around 5%–6% of the sale price, split between the listing and buyer's agents. Following recent industry changes, buyer-agent compensation is increasingly negotiated separately, so the rate can vary.
- Do I pay tax on the proceeds?
- Possibly. The IRS lets most homeowners exclude up to $250,000 of gain ($500,000 if married filing jointly) on a primary residence. Gains above the exclusion, or sales of non-primary homes, may owe capital-gains tax that this tool does not deduct.