Net Proceeds & Next Home Calculator
Calculate exactly how much usable cash you will walk away with after selling your house, clearing your mortgage, and paying your selling costs
The Settlement Day Reality Check
Selling your house is an awesome feeling. You sign a contract for $1,000,000, and for a split second, it feels like you've got a million dollars sitting in your pocket.
But we all know the headline sale price isn't what actually lands in your bank account on settlement day. Once your current mortgage is cleared, the real estate agent is paid, and the lawyers wrap things up, the leftover cash is what we call your Net Proceeds.
Before you start falling in love with new properties on Trade Me, you need to know this exact number.
It is 100% free to view your estimates with no mandatory sign-ups, logins, or hidden data capture.
Run Your Numbers
Use this tool to get a realistic picture of your actual cash-in-hand so you can figure out your budget for your next move. It automatically estimates:
- Your exact cash left over after paying off your current home loan.
- Real estate agent commissions and marketing costs (including the GST, which catches a lot of people out).
- Standard lawyer fees and potential bank break costs.
- Your maximum purchase budget for your next house, based on this final cash deposit.
Next Step: Sorting Your Next Mortgage
Knowing your net proceeds is step one. Step two is figuring out what the bank will let you borrow on top of it. Send your numbers to a Home Loan Factory adviser, and we'll run a free servicing check to get you a rock-solid, pre-approved budget before you start hitting the open homes.
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