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Seller Net Sheet Calculator
How much money will you walk away with when you sell your home?
Simply select your municipality, enter your numbers, and see what your home sale could put in your pocket.
Understanding Your Home Selling Costs in Chicagoland
One of the biggest surprises for homeowners is how much closing costs can vary from one community to another. Selling a home in Berwyn can involve different municipal taxes and fees than selling a similar property in Oak Park, Riverside, or Chicago.
Here's what typically affects your bottom line:
Mortgage Payoff: Your remaining mortgage balance, including any applicable accrued interest and payoff charges, is generally paid from your sale proceeds.
Real Estate Commissions: Brokerage compensation is negotiable and established by agreement. There is no standard or legally required commission rate.
Municipal Transfer Taxes: Some communities charge substantial transfer taxes when property changes ownership. Rates, exemptions, and responsibility for payment vary by municipality.
Property Tax Prorations: In Cook County, property taxes are generally paid in arrears. Sellers commonly provide buyers with a credit for their share of unpaid property taxes, based on the purchase contract and closing date.
Closing Expenses: Attorney fees, title services, recording charges, municipal requirements, and other transaction expenses can affect your final proceeds.
Why Your Actual Net Proceeds May Differ
Your final closing statement will depend on the agreed sale price, the purchase contract, mortgage payoff statements, property taxes, applicable municipal requirements, and closing adjustments.
This calculator is designed to help you plan, not replace a professionally prepared closing statement.
Important Disclaimer: All figures are estimates for informational purposes only and are not guaranteed. Transfer-tax rates and municipal requirements may change. All real estate commissions are negotiable and are not set by law. Your real estate attorney and title company can provide transaction-specific closing figures.
Our free Seller Net Sheet Calculator helps homeowners throughout Berwyn, Chicago, and the surrounding suburbs estimate their proceeds after mortgage payoffs, real estate commissions, local transfer taxes, property tax prorations, and closing costs.