Seller Net Sheet
Estimate your take-home from a sale in the Twin Cities. Put in a sale price and what you still owe, and we will subtract the typical Minnesota closing costs, deed tax, real estate compensation and property tax proration.
What you still owe on your mortgage. Your lender’s payoff statement will have the exact figure.
A HELOC, second mortgage or anything else that gets paid off at closing.
Find this on your property tax statement or the county’s property search.
Real estate compensation is negotiable and not set by law. Change this to the total you’ve agreed to.
Title company fees vary. Minnesota deed tax is figured automatically: 0.34% of the price in Hennepin and Ramsey counties and 0.33% elsewhere, plus a $5 conservation fee.
This calculator gives estimates for planning only and is not a guarantee of proceeds or a substitute for a title company’s settlement statement. Your actual net will depend on your payoff statement, the purchase agreement, title and closing fees, special assessments, HOA charges and the exact tax proration. Real estate compensation is fully negotiable. Property taxes are prorated on a calendar-year basis assuming the first half is paid by May 15 and the second half by October 15. Talk with us or your title company for a detailed net sheet.