Home tools · Sellers
What will you walk away with?
Your sale price, less commission and HST, your mortgage payout and penalty, legal fees and moving.
Estimated net proceeds$495,608
- Sale price$850,000
- Commission−$42,500
- HST on commission (13%)−$5,525
- Mortgage payout−$300,000
- Prepayment penalty (estimated: 3 months' interest)−$3,368
- Lawyer and disbursements−$1,500
- Moving−$1,500
- Total costs$354,393
Commission is negotiable and varies; HST of 13% applies to it. Breaking a fixed-rate mortgage early can cost more than three months' interest (the interest rate differential); ask your lender for the exact payout figure.
Get a precise price from a local realtor
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