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 stamp ~0.7% (seller-paid by custom in N FL, often buyer-paid in S FL — verify contract). Title insurance often seller-paid in S FL.
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 in many states are seller-paid (especially S Florida + NC + GA). Includes owner's title policy, settlement-agent fee, courier, wire, recording.
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 REHL 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. Email hello@rehl.us with your address + we'll match you with the right one.