Net Proceeds & Next Home Calculator
There is a dangerous illusion that happens when you sell a property. You sign a contract for $900,000, and for a brief moment, you feel like you have almost a million dollars.
But the headline sale price is rarely what lands in your bank account on settlement day. Before you start shopping for your next dream home, you need to strip away the illusion and calculate your true Net Proceeds—the actual, usable cash you will walk away with once everyone else has taken their cut.
Use our interactive calculator to strip out the hidden costs of selling and instantly calculate your buying power for your next move.
This tool automatically calculates:
Your exact cash-in-hand after clearing your current mortgage.
Agent commissions and marketing budgets (with precise GST adjustments).
Solicitor costs and bank break fees.
Your maximum purchase budget for your next house based on your final deposit size.
Your Next House Budget
Combine your net cash with any extra savings to see what you can afford.
For your next home, some banks may allow you to use less than a 20% deposit, but note that extra rates and fees could apply.
A 20% deposit is the ideal standard banks are looking for regarding an owner-occupied home, and this can open up the most options and best deals on the market.
A 30% deposit is what you will currently need to use this cash for an existing investment property.
Let's Run Your Real Numbers
Do not start shopping for your next home based on a guess. Before you sign an agency agreement to sell, we need to ensure the maths actually works for your next purchase.
At Home Loan Factory, we can pull your exact mortgage discharge figures, estimate your break fees, calculate your precise net proceeds, and get your next home loan pre-approved before you even put a "For Sale" sign in the ground.