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What you actually keep at closing.

Payoff, commission, Tennessee's transfer tax, title fees, prorated property tax and repair credits, deducted one row at a time from the sale price.

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Sale price$250,000
Mortgage payoff−$140,000
Agent commission, 6%−$15,000
Tennessee transfer tax, $0.37 per $100 (buyer pays)$0
Title and closing fees−$1,200
Property tax proration, January–June−$1,100
Repair credits to buyer$0
Net to seller$92,700

By Tennessee statute the realty transfer tax is owed by the buyer (grantee); sale contracts routinely shift it to the seller instead, which is why it defaults that way here. Rate and liability verified at Tenn. Code Ann. § 67-4-409. Property tax proration assumes Tennessee's calendar tax year and is billed the following year, so the seller's unpaid share for months owned is credited to the buyer at closing rather than paid directly to the county.

Why the transfer tax has a toggle

Tennessee law puts the realty transfer tax on the buyer, so this starts at zero on your side. A contract can move it to you instead, which is ordinary and negotiable. Toggle it to see that version.

What this does not include

It does not know about a second mortgage, a judgment lien, or unpaid HOA dues on your property. Those come out of the same proceeds and belong on this sheet once you know the payoff figures; add them into the mortgage payoff line until then.