Net Proceeds Calculator

Sale price · drag or type

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Estimated net proceeds

Total costs

Net %

costs0% to seller

Sale price-

Loan payoff(s)-

Agent commission-

Transfer taxes-

Title insurance-

Settlement + recording-

Property tax proration-

Concessions + repairs + HOA + misc-

Total costs-

Loan payoff

First mortgage payoff

Second lien / HELOC

Agent commission

Pick how you want to enter commission:

Commission %

Flat fee

Total dollar commission

Transfer taxes

State rate

Per $1,000 of sale price

County rate

Per $1,000 of sale price

Property tax proration

In Metro Detroit, the buyer usually reimburses you for property taxes you've prepaid past the closing date, so this is normally a credit that adds to your proceeds. It can be a charge in rural areas or if taxes are unpaid.

Proration amount

Use the estimator below if unsure

Other closing costs

Owner's title insurance

% of sale price · Metro Detroit avg ~0.5%

Closing / settlement fee

Metro Detroit avg: ~$450

Recording fees

Macomb / Wayne / Oakland avg: ~$30

Seller concessions

Repairs / credits

HOA payoff / dues

Other / misc

Disclaimer: Estimates only. Actual closing costs vary by lender, title company, county, and contract terms. Owner's title insurance defaults to ~0.5% of sale price (Metro Detroit average). Michigan transfer tax is the state rate of $7.50 / $1,000 ($3.75 per $500) plus the county rate of $1.10 / $1,000 ($0.55 per $500), about 0.86% of the sale price, customarily paid by the seller.

About the property-tax proration: Michigan bills taxes twice a year: a summer bill (levied July 1, covering July-June) and a winter bill (levied December 1, covering December-November). In Metro Detroit the custom is to prorate "as paid in advance," meaning the buyer reimburses you for the days you've prepaid past the closing date, so the proration is normally a credit that increases your proceeds. The estimator splits each bill across 365 days to the closing date and assumes both bills are paid. Rural areas, or unpaid bills, can flip this into a charge. Always confirm the exact figure with your title company.

Run final numbers with your closing agent or title company before listing.

Let's run real numbers together.