What you actually walk away with. Not the sale price.
The commission is the line everyone quotes, and it is rarely the one that surprises people. Transfer taxes, escrow and title, the hazard report, prorated property tax, and whatever the buyer asks for after the inspection all come out before you do. This adds up every line on the settlement statement, including the California city transfer taxes most calculators ignore.
The sale
$1,400,000
Most of California pays only the county rate of $1.10 per $1,000. A few cities add their own, and above certain prices those jump sharply.
$620,000
None
2.5%
2.5%
Negotiated separately since the 2024 NAR settlement. Set it to zero if the buyer is paying their own agent.
$0
$0
Settlement costs — typical California figures
$3,200
$2,400
$150
$600
$0
$750
$15,400/yr
June
California bills in two installments — 1 November covers July to December, 1 February covers January to June. What you owe at escrow depends on which have been paid.
$540,000
$0
Additions, remodels, a new roof. Not repairs or maintenance.
Filing status
Estimated net proceeds
$0
ProceedsPayoffCommissionOther costs
Sale price$0
Commission $0
County transfer tax$0
City transfer tax $0
Escrow, title & settlement$0
Repairs & buyer credits$0
Prorated property tax$0
Total cost of selling $0
Loan payoff$0
Sale proceeds$0
Gain after selling costs$0
Section 121 exclusion$0
Taxable gain$0
Estimated capital gains tax$0
Net after tax$0
You are just over a transfer tax threshold. The rate applies to the entire price, not the amount above $0. Selling a dollar under that line would put roughly $0 more in your pocket than selling where you are now.
Measure ULA applies. Los Angeles charges this on the full sale price once the threshold is crossed, and the thresholds are indexed every July. Confirm the current figure with escrow before quoting it.
This sale does not cover what is owed. At this price the costs and payoff exceed the proceeds, so the difference would have to be brought to closing or negotiated with the lender. Worth a conversation well before listing.
Part of the gain is above the exclusion. The Section 121 exclusion covers the first $250,000 of gain for a single filer and $500,000 filing jointly, provided the home was your main residence for two of the last five years. Anything above that is taxable, and this is where a CPA earns their fee.
No property tax owed at this closing month. The installment covering this period has already been paid, so nothing is prorated to you — and you may be owed a refund of the unused portion instead.
Estimates only · no credit pull · nothing is sent anywhere
An estimate, not a settlement statement
Fees vary by escrow company, title insurer and county, and the figures here are typical California amounts rather than quotes. City transfer tax rates change — several are indexed annually — so confirm the current rate with escrow before relying on it. Capital gains depend on your full return, your basis, and how long the home was your main residence; the Section 121 exclusion has conditions this tool does not check. Confirm anything you rely on with your escrow officer and a CPA.
