If Selling and Buying

If you will be selling your home to buy another, there are a lot of numbers floating around....

• what you’ll sell for
• your closing costs when selling
• your mortgage payoff
• how much you’ll pay for your new home
• how much of the purchase price you will finance
• how much your mortgage payment will change

Above you will see a spreadsheet I put together to help you think about some of these numbers as you are evaluating if and when you will make a move to a new house.

In yellow, are all of the inputs you will need to provide, or that you and I can determine together, such as your current payment, your home’s current value, your mortgage payoff, whether you will be putting any additional money into the transaction, etc.

In green, I have identified your potential future mortgage payment and the net change in your monthly payment.

All of the numbers without a background color will automatically calculate for you.

Download an editable version of this spreadsheet here, and let me know if you’d like to talk through your potential housing transition.