How this number is made
A seller’s check is the price minus commission, the loan payoff, and the other costs in the contract. Prorated tax can add or subtract. Put a net credit in as a negative other cost if you already know it.
- Commission is the total of both sides if the contract takes both from the seller.
- Payoff is the amount to clear the loan on the day of closing, not last month’s statement.
Formula
Net = price − commission − payoff − other costs.
Worked example
With the figures already in the form, estimated proceeds is $207,250.
Questions
Who pays the commission?
Whoever the contract says. This page subtracts whatever percent you type from the seller’s price.
Are capital gains included?
No. A primary home often has an exclusion. An investment sale often does not. That tax is not estimated here.