Your sale price isn't your payout — commission, mortgage discharge, legal fees and closing adjustments all come off first. Enter your numbers below for an estimate of what lands in your account on closing day.
“My parents helped with a down payment gift, and the paperwork for that was folded into the closing without extra back-and-forth.”L.J. · First-time buyer · York Region
Shared with permission. Initials changed to protect client privacy.
Enter your sale price, mortgage payout, commission and expected costs. The estimate updates instantly — no email required.
The same items your lawyer itemizes on your Statement of Adjustments.
Before anything reaches your account, your lawyer pays out your existing mortgage (plus any prepayment penalty), the real estate commission (subject to HST), and the legal fee and other closing costs — discharge fees, staging, minor repairs, whatever applies to your sale. Adjustments in your favour, like property tax you've already prepaid past your closing date, are then added back.
This is a planning estimate, not your final Statement of Adjustments — that document, itemized in writing before you close, is what actually governs.
Three things worth checking before closing day.
Real estate commission varies by listing agreement — confirm your own rate rather than assuming 4% or 5%. If the property isn't your principal residence, part of your gain may be subject to capital gains tax, which this calculator doesn't estimate. And disbursements on the legal side (registration fees, searches) are billed at cost, separately from our flat fee shown here.
Your lawyer confirms every number in writing, on your Statement of Adjustments, before you're asked to commit to closing.
Run your own number — any price, payout, commission or costs — in the calculator above; it uses the exact same math.
Yes. Real estate commission in Ontario is subject to HST, which is included in the commission line of the calculator above.
Enter it in the penalty field above — it comes off your proceeds along with the mortgage payout itself. See our mortgage penalty calculator for an estimate if you don't have your lender's number yet.
If the property was your principal residence for every year you owned it, the gain is generally sheltered by the principal residence exemption. If not — a rental, a second property, or only part of the ownership period — part of the gain may be taxable; that's beyond what this calculator estimates.
It's a close planning estimate. Your lawyer's Statement of Adjustments, itemized in writing before closing, is what actually governs — confirming your commission rate, exact payout figure, and any adjustments specific to your sale.
Book a 20-minute call with a real estate lawyer — $150, HST included, credited in full toward your file if you retain us (once payment is received), paid by Interac e-transfer.
You’ll pay $150 by Interac e-transfer on the next screen to confirm your time.