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Russ Ravary
Best Cities to live in Detroit suburbs
REALTOR®
(248) 310-6239
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How to Figure What you will net after closing on your Home

What will be your net proceeds?


You have an offer on your Metro Detroit home, but how much will be left in your pocket? That's the key.   Here is a worksheet to figure that out. 


What You'll Net at Closing 
 
To find out how much money you'll net from your house, add up your closing costs and subtract them from the sale price of the house.   You should do this when you set the price and after you get an offer that way you will know roughly what your bottom line is.

What are your closing costs?

Mortgage payoff                                    ____________
Pro-rations for taxes                              ____________
Pro-rations for association dues              ____________
Water escrow                                        ____________
Owners title policy                                 ____________
Closing fee from title company               ____________
Home warranty                                     ____________
Real estate commission                         ____________
State Transfer tax                                 ____________
Closing Cost concessions to buyer           ____________


Total costs                                                   ____________ 

Sale price - total cost = net proceeds

 
This net sheet should help you determine what you walk away with from each offer that you receive.  It will help you make a sound decision on which offer to take. 

 

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/13/2026. The listing information on this page last changed on 03/13/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 03/13/2026 12:19:24 AM EST) or RealComp MLS (last updated Fri 03/13/2026 12:16:05 AM EST). Real estate listings held by brokerage firms other than Russ Ravary may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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