How much will I make selling my house in Minnesota?
Estimate the cash you'll walk away with after your mortgage payoff, real estate commissions, title fees, and Minnesota's deed tax.
Commission Amount: $0.00
This is a combination of both listing and buyer broker commissions. Choose the amount you want to pay, commensurate with the service level you require. Commissions are always negotiable.
Deed Registration Tax: $0.00
Other Government Fees: $120.00
Estimated
Estimated Net Proceeds
User acknowledges this Estimated Proceeds Calculator figures are based upon information inputted by the User and may not be totally accurate or complete as of the date of closing. This is an ESTIMATE only and not to be used for any financial reporting. Upon registration, you can change the values in the calculator and your estimated proceeds will automatically calculate live.
How this calculator works
Enter your expected sale price, mortgage balance, any repairs, your commission rate, and title fees. The calculator subtracts the commission, title fees, repairs, Minnesota's deed tax of 0.33% of the sale price, and an estimated $120 in recording fees, then subtracts your payoff.
Prorated property taxes, HOA transfer fees, buyer credits, and income taxes on the sale are not included. Your title company prepares the final numbers on your closing statement.
To show results, the calculator asks for your contact information so an agent can follow up with a more exact estimate. After that, every number updates live as you change it.
Questions about the Net Proceeds Calculator
What closing costs do Minnesota sellers usually pay?
Common seller costs include real estate commissions, title and closing fees, Minnesota's deed tax of 0.33% of the sale price, recording fees, and any repairs you agree to. Your mortgage payoff also comes out of the sale. Prorated property taxes and other credits are settled at closing and are not included in this estimate.
How can I get a more accurate sale price?
The calculator is only as good as the sale price you enter. A pricing analysis based on recent sales near you gives you a realistic starting point. Request your home's value.
Does this include taxes on my profit?
No. The calculator does not estimate capital gains or other income taxes on the sale. Many homeowners owe nothing on the sale of a primary residence, but the rules depend on your situation, so check with a tax professional.
Why does the calculator ask for my contact information?
To show your results, the calculator asks for your name, email, and phone so a Pederson agent can follow up with a more exact estimate. After that, you can change any number and see the results update right away.
Ready to sell?
Get in touch to learn how our proven framework will give you a higher net return.