Selling and buying
Move-up math
What your equity does in a bigger home: the down payment it makes, the new loan, and the new monthly payment next to today’s.
Behind the numbers
How it works
Equity
Sale price minus selling costs minus your payoff.
Down payment
Your equity minus the cash you keep back. It cannot be more than the next home’s price.
New payment
Principal and interest on (price − down payment) over 30 years, plus property tax, insurance ÷ 12, HOA, and PMI if the down payment is under 20%.
Debt
The new loan next to what you owe today, so you can see how much more you are borrowing.
Adjust it
What each input means
| Sale price and payoff | Morgan’s price opinion and your lender’s payoff statement. |
|---|---|
| Cash kept back | For moving, furniture, repairs and a cushion. |
| Rate, tax, insurance, PMI | Examples only. Use a lender quote and the county’s tax rate. |
When to use it
Made for
- Outgrowing your home
- Deciding how much to keep back from the sale
- Before a lender conversation about the next home
Selling and buying
Two closings are where moves slip. This path puts both on one calendar, shows what a gap would cost, and starts your price opinion, so the backup plan is written before you list.
- Two closings
- Cost of two homes
- Home value
- Your plan
Questions
Good to know
What if I need to buy before I sell?+
Then the down payment is not available yet. A bridge loan, HELOC or a sale lined up first are the usual options. The cost of two homes tool shows the overlap.
Does it include capital gains tax?+
No. Ask a tax professional whether any gain on your sale is taxable.
Keep planning
Related tools
Between closingsThe cost of two homesIf you buy before you sell, what does the overlap really cost? Month by month, next to a bridge…Open →
Selling and buyingTwo closings, no gapBoth closings on one calendar, worked backward from the day you want to move, with the places deals usually…Open →Before you listSeller net sheetWhat you walk away with after commissions, closing costs, credits, repairs and payoffs, line by line.Open →Want Morgan’s eyes on it?
Send your numbers and she will review them personally, with real figures for your area.