Your mortgage statement shows your current principal balance. Your payoff amount includes that principal plus interest accrued from your last payment date through the projected closing date, plus any fees (recording, document prep, sometimes a small payoff processing fee). Payoff is usually a few hundred to a few thousand dollars higher than your statement balance. Always request an official payoff statement from your lender 10 to 14 days before closing.

Add both balances together in the mortgage payoff field. Both have to be paid off at closing for the buyer to receive clear title. If you have a HELOC with a zero balance but the line is still open, you'll need to close it as part of the sale, your title company will handle the paperwork.

No. This estimator shows your net cash at closing, before any tax considerations. Whether you owe federal or state taxes on a home sale depends on your specific situation, including how long you owned and lived in the home, your filing status, and your overall tax picture. Talk to a CPA or tax professional, especially if you're a military family who used the home as a rental during a PCS, because special rules may apply.

This is called being underwater or having negative equity. The calculator will show a negative net, meaning you'd need to bring money to closing to sell. Options include: bringing cash to close, requesting a short sale (where your lender agrees to accept less than the full payoff), or holding the property until values recover. A heroSOLD agent experienced with VA loans and military hardship situations can walk you through your specific options. Talk to an agent.

The math is accurate. The accuracy of the answer depends on the accuracy of your inputs. If your sale price estimate is off by $20,000, your net is off by roughly that much (minus commission on the difference). If your mortgage payoff is off by $3,000 because you used your statement balance instead of an actual payoff quote, your net is off by $3,000. For decisions that matter, like whether to sell vs hold during a PCS, get a comparative market analysis from an agent and a payoff statement from your lender. Both are free and take about a week.

1% is reasonable for Arizona sales in 2026. The biggest seller-side costs in AZ are title insurance (which the seller typically pays in AZ, unlike some states), escrow fees, and recording fees. In Pima and Cochise counties, costs can run slightly higher. In counties without transfer taxes, costs can run slightly lower. If you want to be conservative, use 1.5%. If you have specific quotes from a title company, use those.