Seller Net Sheet Calculator Ontario — Estimate Your Net Proceeds When Selling Your Home

A Seller Net Sheet is a financial estimate that shows how much money you may receive after selling your property. It accounts for your mortgage payoff, real estate commission, 13% HST, lawyer fees, mortgage penalties, condo costs, and other selling expenses — giving you a realistic walk-away number before you list.

The amount you receive depends on your sale price, mortgage balance, commission, 13% HST, legal fees, and other closing costs. A Seller Net Sheet estimates your net proceeds before listing. On a typical $800,000 Ontario home with a $400,000 mortgage, sellers often net around $350,000 after costs — use the calculator above for your exact numbers.

Subtract all selling costs from your expected sale price: mortgage payoff (plus any HELOC or penalty), real estate commission with 13% HST, lawyer fees, the discharge fee, and closing adjustments. The remainder is your net proceeds — the money deposited on closing day.

Common seller closing costs in Ontario include real estate commission, 13% HST on the commission, lawyer fees ($1,200–$2,000), mortgage discharge fee ($200–$400), any mortgage prepayment penalty, condo status certificate (if applicable), and property tax adjustments.

On average it costs 4%–6% of the sale price to sell a home in Ontario once commission, HST, and legal fees are included — before any mortgage payoff. On an $800,000 home that is roughly $47,000 in selling costs. The exact amount varies by commission structure and property type.

At roughly 4%–6% of sale price: a $500,000 home runs about $20,000–$30,000; a $700,000 home about $28,000–$42,000; a $1,000,000 home about $40,000–$60,000 — covering commission, 13% HST, and legal fees, before mortgage payoff. Enter your numbers above for a precise figure.

Yes. In Ontario, 13% HST is charged on the real estate commission and is deducted from your sale proceeds on closing day. The calculator above adds the HST automatically when you enter your commission percentages.

Real estate commissions are negotiable and are not set by law. A common structure is a listing commission plus a co-operating commission for the buyer's agent (often around 5% total + HST). Tej works with sellers on flexible structures based on the property, market, and services needed.

Possibly. If you break a fixed mortgage before the end of its term, your lender may charge a prepayment penalty — typically the greater of three months' interest or an Interest Rate Differential (IRD). Contact your lender for an exact payout amount; variable mortgages usually have a smaller penalty.

A mortgage discharge fee is charged by your lender to remove the mortgage from the property's title once it is paid in full. In Ontario it is typically $200–$400 and is deducted on closing.

Yes. Most sellers hire a real estate lawyer ($1,200–$2,000) to handle the closing, title transfer, mortgage discharge, and final adjustments. The fee is paid from your sale proceeds on closing day.

Yes. Condo sellers may need to pay for a Status Certificate ($100–$115), settle outstanding condo fees, and cover any special assessments or adjustments tied to the condominium corporation.

If the property is your principal residence, you may qualify for the Principal Residence Exemption and pay no capital gains tax. Investment or secondary properties may be subject to capital gains tax. Consult your accountant for advice on your situation.

No. Ontario Land Transfer Tax is paid by the buyer, not the seller. Sellers should not include it in their net sheet — it is a common point of confusion.

Your home equity is the difference between your property's current market value and the remaining balance on your mortgage and any secured debts (like a HELOC). A free home evaluation gives you an accurate current value to calculate it.

Your lawyer releases your net proceeds on closing day, usually by certified cheque, bank draft, or direct deposit once the transaction has completed and funds have changed hands.

Yes. Many homeowners coordinate the sale of their current property with the purchase of a new one. Careful planning of financing and closing dates is key — and your net proceeds from this calculator can become the down payment on your next home.

Not always. Some improvements increase value; others don't return their cost. A professional home evaluation helps identify which upgrades make sense for your home and market before you spend.

The largest lever is the commission structure, which is negotiable. Avoiding an unnecessary mortgage penalty (by timing your sale near term-end or porting your mortgage), and choosing efficient legal services, also helps. Tej can often structure a sale to reduce your total costs — ask how.

It is an estimate based on the information available at the time. The biggest variables are the final sale price, the exact mortgage penalty (your lender confirms this), and closing adjustments your lawyer calculates. With correct mortgage balances, the estimate typically lands within 1%–2% of your final number.

Yes. The calculator is completely free and gives Ontario homeowners an instant estimate of their potential net proceeds after selling — no signup required.

It is designed for homeowners across Ontario, including Mississauga, Brampton, Oakville, Milton, Vaughan, Toronto, Markham, Pickering, Ajax, Whitby, Oshawa, Burlington, Hamilton, Kitchener, Waterloo, Cambridge, and surrounding communities.