FREE TOOL · NEWFOUNDLAND & LABRADOR
Seller Net Proceeds Calculator
Written by the Turner Realty Team · Reviewed August 2026
See what you'll actually walk away with after commission, HST, legal fees, and paying off your mortgage. Every figure below is adjustable — nothing here is a quoted or implied Turner Realty rate.
If you're selling: Price it right on day one: homes here that sell in the first few weeks get about 102% of asking; past six weeks it slips to about 89% — roughly $51,000 on a $400K home.
Based on MLS® System data owned by the Newfoundland and Labrador Association of REALTORS® covering the period Jan 1, 2026 through 2026-09-22 · resale · Full market stats → · Download the report (PDF) →
Your Net Proceeds
Enter your sale price, negotiated commission, and mortgage details to see your bottom line.
Call your lender for your exact current payout figure.
Lender-specific — ask before you list if you're breaking your mortgage early.
Doesn't include a property-tax adjustment (reimbursing prepaid tax) or capital gains tax on a non-principal-residence sale — see our investor tax basics guide for that case.
Talk to a Turner Realty Agent → Get a Precise Home Value →Common Questions
How much does it cost to sell a home in Newfoundland & Labrador?
The two biggest costs are your agent's commission (fully negotiable between you and your listing agent — there's no fixed or standard rate) and legal fees to close the sale. Both are subject to 15% HST. This calculator lets you enter your actual negotiated commission rate and a legal-fee range to see your real net proceeds.
Is real estate commission negotiable in Canada?
Yes — commission rates are set individually between a seller and their listing brokerage; there is no fixed, standard, or regulated rate anywhere in Canada, including Newfoundland & Labrador. What you see on this calculator is an adjustable field, not a quoted or implied Turner Realty rate — talk to your agent about what structure fits your sale.
Does HST apply to real estate commission in NL?
Yes. HST (15%) applies to the commission you pay your real estate brokerage, the same way it applies to most professional services. It also applies to your lawyer's fees. It does not apply to the sale price of a resale home itself.
What's a mortgage discharge fee, and do I need to know it before selling?
It's a small administrative fee most lenders charge to release their claim on the property once your mortgage is paid off at closing — separate from any prepayment penalty for breaking your mortgage before its term ends. Both are lender-specific figures, not government-set, so call your lender for your exact numbers before you list. See our mortgage renewal guide for how prepayment penalties are typically calculated.
Does this calculator account for capital gains tax?
No. If the home you're selling is your principal residence, the gain is generally tax-free under the principal residence exemption. If it's a rental or investment property, capital gains tax may apply — see our investor tax basics guide, and consult an accountant for your specific situation. This tool covers only the transaction costs of the sale itself, not tax consequences.