Before you list, it helps to know roughly what will actually land in your pocket at closing. This free calculator estimates your net proceeds after mortgage payoff, agent commission, Kentucky's seller-paid transfer tax, typical closing costs, and any repairs or credits you expect to offer — so there are no surprises on closing day.
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What comes out of your sale price before you get paid
Most sellers are surprised by how many line items sit between the sale price and the check they walk away with. The big ones are your remaining mortgage balance, real estate commission, and closing costs — but Kentucky also has a seller-paid line item many first-time sellers don't expect.
Kentucky real estate transfer tax is paid by the seller (the grantor) at closing, at a rate of $0.50 per $500 of the property's value — 0.1% of the sale price — under KRS 142.050. On a $350,000 sale, that's $350. It's collected when the deed is recorded and is separate from your agent's commission.
Other closing costs typically include title insurance, attorney or closing-agent fees, deed preparation, recording fees, and prorated property taxes or HOA dues. Nationally these tend to run in the neighborhood of 1–2% of the sale price for a seller, though the exact figure depends on your title company, attorney, and any negotiated buyer concessions.
Repairs and concessions cover anything you agree to fix or credit as part of negotiations — inspection repair requests, a buyer's closing cost credit, or a home warranty. These vary deal to deal and are worth budgeting for even if you don't expect to need them.
How to get the most accurate number
This calculator gives you a planning estimate. For an exact figure, you'll want an actual mortgage payoff quote from your lender (your loan balance isn't the same as your last statement balance once per-diem interest is added) and a preliminary net sheet from your title company or agent once you're under contract. Winner Realty prepares a full seller net sheet, backed by current comps, before you list — so you know your real number, not just an estimate.
Frequently asked questions
Who pays Kentucky's real estate transfer tax, buyer or seller?
The seller pays. Kentucky's transfer tax is a grantor's tax of $0.50 per $500 of value (0.1% of the sale price), assessed under KRS 142.050 when the deed is recorded.
Is 6% commission required in Kentucky?
No. Commission rates are negotiable and vary by brokerage, listing terms, and services provided — 6% is used here only as a common default so you have a starting estimate. Ask your agent to walk through exactly what's included.
What's the difference between my mortgage payoff and my current loan balance?
Your loan balance on a statement is typically as of your last payment date. Your actual payoff includes per-diem interest through the closing date and may include a small administrative fee, so it's usually slightly higher than the balance shown on your most recent statement. Request an official payoff quote from your lender once you have a closing date.
Do I owe capital gains tax on my home sale?
That depends on your specific tax situation, how long you've owned and lived in the home, and current IRS rules — this calculator doesn't estimate tax liability. Talk to a CPA or tax advisor about your specific numbers; Winner Realty can provide the sale price and cost basis documentation they'll need.
Can Winner Realty give me an exact number before I list?
Yes — we prepare a full net sheet using current market comps and your actual mortgage payoff once you're ready. Request a free home value estimate to get started, or schedule a call to talk through your timeline.
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