TRUE TAKE HOME Shop on Etsy

FREE TOOL / CANADIAN DOLLARS

Equity is one number.
Sale proceeds are another.

Explore the difference with a fictional example, then try your own assumptions. No login or download needed.

YOUR ASSUMPTIONS / CAD

Start with the sample or change the figures. Enter the amount actually owed on a HELOC, not its unused credit limit.

You supply a supported value range. This tool does not value a property.

Include estimated sale fees, applicable taxes on those fees, lender charges and other closing costs once. No fee or tax rate is assumed.

ILLUSTRATIVE ESTIMATE / CAD

Fictional example

Total entered secured debt
$435,000
Estimated home equity
$415,000–$465,000
Estimated sale proceeds
$380,500–$430,500

The proceeds estimate deducts $34,500 of entered selling costs. It excludes income or capital gains tax, moving costs and the next purchase.

Calculations run in your browser. We do not save or send the figures you enter. Optional analytics records only that an estimate was updated, never its amounts.

How the estimate works

Secured debt = mortgage balance + drawn HELOC balance + other entered secured debt.

Estimated equity = each end of the entered home value range − secured debt.

Estimated sale proceeds = each end of that range − secured debt − entered selling costs.

For the fictional example: $850,000 − $435,000 = $415,000 in equity at the low value. Subtracting $34,500 of selling costs gives $380,500 in estimated proceeds. At $900,000, those figures become $465,000 and $430,500.

What this does—and does not—tell you

The estimate reflects the inputs only. It does not provide a valuation, appraisal, lender payout statement, financing approval or tax calculation. Confirm actual balances and costs with the lender, lawyer or notary and accountant as appropriate. Negative results are shown rather than rounded up to zero.

The Financial Consumer Agency of Canada explains home equity and secured credit and costs that can arise when selling a home. Read our equity versus proceeds guide for a fuller example.