Selling and buying the next home

What does your equity buy next?

Enter your current home and the one you want. See your estimated net from the sale, how much of it becomes a down payment, and what the new home would cost each month. Every figure is an input you can change.

Your current home

Estimated sale price

Mortgage payoffRemaining balance, including any home equity line.

Selling costs, % of sale priceAgent compensation, title and closing fees combined. Edit this to match what you agree to.

Repairs, seller credits and moving costs

Current monthly housing costOptional. Payment, taxes, insurance and dues. Used for the comparison.

Your cash

Other savings you would put toward the move

Cash you want to keep in reserveEmergency fund and moving buffer. This is not used for the purchase.

The next home

Price of the home you want

Buyer closing costs, % of priceLender, title and prepaid costs. Ask your lender for an estimate.

Interest rateUse a current lender quote.

Loan term, years

yrs

Property tax rate, % of priceEstimate. Check the county's figure for the address.

Homeowners insurance, per year

HOA dues, per monthDivide quarterly or yearly dues by 3 or 12.

Mortgage insurance, % of the loan per yearUsually applies under 20% down. Left out automatically at 20% or more.

Estimated net from your sale

Cash for the next home
Net from your sale
Other savings
Kept in reserve
Cash available to buy
Buyer closing costs
Left for the down payment

The home you want
Down payment as a share of the price
New loan
Principal and interest
Taxes and insurance
HOA dues
Mortgage insurance
Estimated monthly cost

What your cash supports	Price	Monthly cost
Price where your cash covers 20% down plus closing costs

Based on your cash only, so it is a ceiling and not a recommendation. What a lender will approve depends on your income, debts and credit, and it may be well below this price.

What this does not show

Whether you qualify

Your cash decides what you can put down, but a lender decides what you can borrow. Income, other debts and credit all count, so get a pre-approval before you plan around a price.

The timing of the two sales

Selling first gives you the cash but means finding a place to live in between, while buying first can need a bridge loan, a contingency or a second payment for a while. Which one fits depends on your market and your finances, and it is worth talking through before you list.

Your old rate

If your current mortgage has a lower rate than today's, the new payment will rise by more than the price difference alone suggests. That is why the payment comparison matters as much as the down payment.

Taxes and other costs

Many sellers owe no tax on the gain from a primary home, but it depends on how long you owned it and how much it grew. Utilities, repairs and furniture for a larger home are not included either. Check with a tax professional.