Home sale proceeds
See what you could keep after selling.
Enter your price and mortgage balance to see what is left after commission, legal fees, and moving.
Run your numbers
Change any amount. The result updates as you type.
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Illustrative: 7% on the first $100,000 and 2.5% on the rest. Commission is negotiated in your listing agreement.
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Breaking a fixed term early can carry a prepayment penalty. Your lender quotes it.
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$565,025
After $30,975 in commission and GST, a $400,000 mortgage payout and $4,000 in other costs.
- You keep$565,025
- Mortgage payout$400,000
- Commission and GST$30,975
- Legal, moving and other$4,000
Not sure of your sale price?
Enter your address and a few details to get a range from similar homes for sale nearby.
Where the money goes
From the calculator above.
| CommissionNegotiated in your listing agreement. The starting figure is an example. | $29,500 |
|---|---|
| GST on commissionGST applies to the commission, not to the sale price of a resale home. | $1,475 |
| Mortgage payoutYour balance on the completion date, paid from the sale proceeds. | $400,000 |
| Legal and dischargeA lawyer or notary handles the transfer and pays out the mortgage. | $1,500 |
| Preparation and movingRepairs, cleaning, any staging, and the move itself. | $2,500 |
| Property transfer taxPaid by the buyer. | |
| What you keep | $565,025 |
Questions
What comes off the sale price when I sell in BC?
Commission and the GST on it, legal and discharge fees, your mortgage payout, any prepayment penalty, and what you spend preparing and moving. The buyer pays the property transfer tax.
Is the commission figure fixed?
No. Commission in BC is negotiated in your listing agreement. The calculator starts from an example: 7% on the first $100,000 and 2.5% on the rest.
What if I owe more than the home sells for?
The calculator shows the amount you would bring to closing.
Are these figures exact?
They are estimates from the amounts you enter. Your lawyer or notary confirms the final numbers on the statement of adjustments.
Written and maintained by Ray Rasouli, REALTOR®, licensed in British Columbia and founder of Relta Real Estate.
Source: The figures you enter, with an illustrative commission split. Sale price, less the mortgage payout and penalty, commission plus 5% GST, legal and discharge, preparation and moving, and other costs.
An estimate, not advice. Commission is negotiated. Confirm final figures with your brokerage, lender, lawyer or notary, and accountant.