What you actually walk
away with at closing.
Sellers see the listing price + assume it's the take-home. It isn't. Mortgage payoff, agent commission, transfer tax, title, prorations, the real net is significantly lower. This calculator shows it state-by-state.
Remaining principal + ~30d interest
Typical: 5-6% total, split between buyer + seller agents
Negotiated at inspection or buyer-paid closing-cost help
State note: FL: deed doc stamps are $0.70 per $100 statewide, usually seller-paid. Miami-Dade differs ($0.60 per $100 for single-family, $1.05 for other property, because of a $0.45 surtax), and this estimate does not model that: it always deducts $0.70 per $100. Owner's title policy: by custom the buyer often pays in parts of South and Southwest Florida (e.g., Miami-Dade, Broward); the contract decides. This estimate assumes the seller pays it; if your buyer does, your net is higher.
What gets deducted
The line items between sale price and take-home.
Mortgage payoff is the biggest single deduction. Not just your loan balance, also ~30 days of interest accrued + any late-fee or prepayment-penalty amounts. Your lender provides an exact payoff statement 5-7 days before closing.
Agent commission is the next-biggest. Traditionally 5-6% total, split between the seller's agent + buyer's agent. Recent settlements have unbundled this in some markets, verify your contract terms.
Transfer tax / doc stampsvaries wildly by state. FL: 0.7% of sale price as deed stamp (often seller-paid by custom). NY: 0.4% state RETT + NYC RPTT on top. NJ: a Realty Transfer Fee that scales with price. TX: zero state transfer tax.
Title insurance + closing services include the owner's title policy, settlement-agent fee, courier, wire and recording, and who pays them follows the contract and local custom. Florida: the contract decides who pays for the owner's title policy. By custom the buyer often pays in parts of South and Southwest Florida (e.g., Miami-Dade, Broward), and the seller usually pays in most of the rest of the state. The calculator above assumes the seller pays it; if your buyer does, your net is higher.
Repair credits / concessionsnegotiated during the inspection contingency reduce net by the credited amount. Common pattern: buyer requests $X for a roof + HVAC + survey; seller agrees or counter-offers.
Selling? Talk to a local agent.
Local agents know the closing customs in your market, what's seller-paid vs buyer-paid, which title companies negotiate, which inspection-credit patterns hit your bottom line hardest. Tell us your address and we'll match you with the right one.