SUE · SMART SOLD
Estimate what your sale could leave you
Use your own estimates. Adjust the sale price and costs to compare your options.
CAD · whole dollars. Enter 0 if a cost does not apply.
Include applicable taxes, service and legal fees, and mortgage fees or penalties not already included above. Count each cost once.
Enter all five amounts to see your estimate.
Planning estimate only. Includes entered preparation and moving costs even if already paid; it is not the cash released at closing, a tax calculation, a valuation or mortgage approval.
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Start with net proceeds, not just the price
For planning, subtract the mortgage payoff and other secured debt, selling costs, preparation and moving expenses from the sale price. Keep a separate cash timeline: some bills are paid before closing. Count each cost once. The result is not a tax calculation or a lender-approved budget.
A higher price can still leave less to spend
Two hypothetical plans for the same home, in Canadian dollars; neither is a price forecast or fee quote. Plan B assumes C$30,000 more in sale price, C$30,000 more in preparation and C$2,000 more in selling and closing costs. The result is C$2,000 less for the next step. Selling and closing costs include assumed service fees, applicable taxes and mortgage-related fees. Replace each assumption with property evidence and written estimates; count each cost once.
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| Item · C$ | A | B |
|---|---|---|
| Assumed sale price | 1,200,000 | 1,230,000 |
| Debt repayment | -650,000 | -650,000 |
| Selling and closing costs | -50,000 | -52,000 |
| Preparation | -15,000 | -45,000 |
| Moving | -5,000 | -5,000 |
| Remaining after these costs | 480,000 | 478,000 |
A planning balance is different from closing-day cash
In plan A, suppose the C$15,000 preparation bill and C$5,000 moving bill were paid before closing. After the C$650,000 debt repayment and C$50,000 closing costs, the sale would release C$500,000 at closing under these assumptions. Subtracting the C$20,000 already spent gives the C$480,000 planning balance. Do not deduct those paid bills a second time from the lawyer’s payout. Your lawyer confirms the actual statement and adjustments; this is not a tax-profit calculation.
Confirm the amounts before relying on them
Ask your lender for a dated payout estimate, including discharge and prepayment charges. Review service fees and applicable taxes in your agreements; obtain legal, preparation and moving quotes. Ask your tax adviser about your own sale. Allow separately for the next purchase, ongoing costs and an emergency reserve. Sue helps connect the property options to this plan.
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