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Before you sell, know your equity. Enter what you think your Downriver home would sell for and your remaining mortgage balance — this shows your estimated net proceeds after typical selling costs. It's a planning estimate using your own numbers. When you want the real sale price, I'll hand-build your Real Number.
Everything's editable and updates instantly. Defaults are typical Downriver figures.
Your best guess. Want the accurate number? Request your free Equity Review →
The payoff on your loan(s). Enter 0 if paid off.
Commission is always negotiable. Since August 2024, any compensation to a buyer’s agent is negotiated separately from your listing agreement — sometimes offered as a concession, sometimes paid by the buyer. Enter whatever total you want to model. Closing costs default to $2,500: in Michigan the seller customarily pays the owner’s title policy (roughly $1,300–$1,700 on a sale this size), plus the settlement fee, mortgage discharge, and recording.
Credit you owe the buyer at closing. Most Downriver closings run $1,000–$3,000 — see below.
Michigan sellers typically pay ~$8.60 per $1,000 in state + county transfer tax (about 0.86%).
What you'd walk away with at closing
Heads up — this figure does not include your property tax proration. Michigan bills taxes in advance, so you’ll typically credit the buyer $1,000–$3,000 at closing. Add your estimate above.
This is a planning estimate only, using figures you enter — not an appraisal, a net sheet, or financial advice. Actual proceeds depend on your verified sale price, final negotiated commission, exact payoff (including any interest, liens, or second mortgages), prorated taxes, and closing details. For a precise seller net sheet and an accurate valuation of your home, book a free Equity Review.
A net-proceeds estimate is only as good as the sale price you plug in — and a computer that's never walked through your house is just guessing at that. I hand-build your valuation on live Downriver comps, permit history, and 19 years in this exact market, then turn it into a real seller net sheet. That's the Protection in Protection · Preparation · Tenacity.
Take your sale price, subtract the selling costs — agent commission, closing costs, Michigan transfer tax, your property tax proration, and any repairs or buyer concessions — then subtract your remaining mortgage payoff. What's left is your estimated net proceeds: the money that actually lands in your pocket. The calculator above does the math live as you type.
Equity is your home's value minus what you owe. Net proceeds is what's left after the costs of actually selling — commission, closing costs, transfer tax, and concessions. Net proceeds is always a bit lower than raw equity, and it's the number that matters when you're planning your next move.
Typical seller costs run roughly 7–9% of the sale price: agent commission (always negotiable — and since August 2024, any buyer-agent compensation is negotiated separately), title and settlement fees, Michigan's transfer tax (~0.86%), and any agreed repairs or concessions. On a well-prepared, well-priced home, strong marketing and negotiation usually more than cover the difference — that's the part I'm relentless about.
No — it uses a price you enter. For what your Downriver home would truly sell for, request a free Equity Review. I build it by hand on live comps and deliver it within 24 hours, then walk you through a real net sheet so you know your bottom line before you list.
You may still have more options than you think — including a short sale to avoid foreclosure. As a Short Sale & Foreclosure Resource (SFR), I've handled countless tough situations. See your options here, and the worst move is waiting — reach out before the bank does.
Plenty of owners consider selling on their own, and it can work. My free FSBO toolkit covers the three things that decide it — pricing on real comps, real exposure, and protecting the closing. No obligation to ever list with me.
The Downriver FSBO toolkit →Michigan bills property taxes in advance. Summer taxes come out July 1, winter taxes December 1, and each covers the months ahead. When you sell partway through a cycle, you’ve already paid for time the buyer will own the home — so the buyer gets credited for it, and it comes out of your proceeds at closing.
On a typical Downriver bill, a mid-cycle closing runs $1,000–$3,000. It never appears on a quick online estimate, and it is the most common reason a seller’s check comes in lower than they planned. The exact figure depends on your closing date, your actual tax bill, and local proration custom — title calculates it, and I’ll get you the number before you list.
In Michigan it’s customary for the seller to buy the owner’s title insurance policy for the buyer. On a sale in the mid-$200s that’s roughly $1,300–$1,700 on its own, before the settlement fee, mortgage discharge, and recording. That’s why the closing-cost field here defaults to $2,500 rather than a few hundred dollars.
Michigan transfer tax runs about 0.86% — 0.75% to the state, 0.11% to Wayne County. But there’s a state exemption some sellers qualify for: if the property was your principal residence and its State Equalized Value is no higher than when you bought it, the state portion may not apply. On a $275,000 sale that’s a little over $2,000 back in your pocket.
It doesn’t apply to everyone, and it’s a question for your title company or attorney, not for me. But nobody will bring it up if you don’t ask — so ask.
These are planning estimates, not a net sheet, an appraisal, or tax or legal advice. Your title company produces the binding figures at closing. Transfer-tax exemptions and proration customs vary — confirm yours with your title company or attorney.
Book a free Equity Review and I'll turn this estimate into real numbers — an accurate value, a true net sheet, and a plan to net you more. No obligation, no sales pitch.
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