Seller Net Proceeds Calculator
When you sell, the sale price is not what you keep. This calculator subtracts commission and GST, your mortgage payout, legal fees, and other costs so you can see what you'll actually walk away with — built for Alberta sellers.
What you still owe (plus any penalty to break early)
You'll walk away with
$180,125
estimated cash in hand
Sale price is not what you keep
It is easy to anchor on the number your home sells for, but several costs come off the top before you see a cent. The two largest are almost always the real estate commission and paying off your remaining mortgage. After that, legal fees and any adjustments are comparatively small. The figure that matters for your next move is what is left — your net proceeds.
What comes off the top in Alberta
- Commission plus GST: usually the biggest line, paid from the proceeds and split between the brokerages.
- Mortgage payoff: the balance you still owe, plus any penalty if you break a fixed term early.
- Legal fees: roughly $1,500 for your lawyer to discharge the mortgage and close the sale.
- Other costs: repairs, staging, or property-tax adjustments owed to the buyer.
One thing Alberta sellers do not pay is a land transfer tax, and the sale of your principal residence is generally exempt from capital gains tax. Both keep more of the proceeds in your pocket than sellers see in many other provinces.
Frequently asked questions
How do I calculate my net proceeds from selling a house?+
Start with your sale price and subtract the real estate commission plus GST, the balance remaining on your mortgage, your legal fees, and any other selling costs. For example, a $450,000 sale with a $250,000 mortgage payoff, about $18,375 in commission, and $1,500 in legal fees leaves roughly $180,125 in your pocket.
What costs come out of my sale price in Alberta?+
The big ones are the real estate commission (plus 5% GST) and paying off your remaining mortgage. Then come legal fees of roughly $1,500, any mortgage penalty if you break your term early, and optional costs like repairs, staging, or adjustments owed to the buyer. Alberta has no land transfer tax for you to worry about as the seller.
Do I pay capital gains tax when I sell my home?+
Not on your principal residence — the sale of the home you live in is generally exempt from capital gains tax in Canada. Capital gains apply to investment or secondary properties. If the home was a rental or second property, set some of your proceeds aside for taxes and speak with an accountant.
What if I still owe money on my mortgage?+
Your remaining mortgage balance is paid off from the sale proceeds before you receive anything. If you break a fixed-rate mortgage before the term ends you may also owe a prepayment penalty — add that to your payoff figure for an accurate net number.
How accurate is this net proceeds estimate?+
It is a solid planning estimate using a typical Alberta commission structure and costs, all of which you can edit. Your final figure depends on your exact commission agreement, your lender's payoff statement, and your lawyer's invoice. For a precise number, start with a real valuation of your home and a conversation with a hômm REALTOR®.
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Estimates are for general information only and are not financial advice or a mortgage approval. Rates, premiums, and rules were last reviewed 2026-06-01. Confirm exact figures with your lender, lawyer, and a hômm REALTOR®.