Estimate your current equity
Your home's estimated value minus what you still owe gives you a starting point.
Your numbers
A clearer picture, one step at a time.
Step 1 of 333% complete
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Let's start with where you are now.
Use your best estimates. You can come back and adjust them anytime.
Estimated home equity$150,000
How it works
Your equity can become the bridge to your next home.
Account for the sale
Selling isn't free, so the calculator estimates the costs that may come out of your proceeds.
Put those proceeds to work
See how using some or all of those proceeds toward your next home changes your mortgage and estimated monthly payment.
You don't necessarily need to wait until your current home is paid off.
Many homeowners use the equity they've built in one home to help purchase the next one. The important part is understanding your numbers before you start making plans.
Common questions
A few things worth knowing.
How accurate is this calculator?
It is an estimate based entirely on the information you provide. Actual home value, mortgage payoff, transaction expenses, financing costs, taxes, insurance and interest rates will vary.
How do I know what my current home is worth?
Online estimates can be a starting point. A local market analysis using recent comparable sales and your property's specific condition and features can provide more context.
Do I need 20% down on my next house?
No. Down-payment requirements vary by mortgage program and borrower. A qualified mortgage lender can help you understand the options available to you.
Can I buy my next home before selling my current one?
Possibly. Strategies can include a contingent offer, bridge financing or qualifying while owning both properties. A lender and real estate agent can help determine what makes sense.
Does this tell me what I qualify for?
No. This is not a mortgage preapproval or lending decision. Income, debts, credit, loan program and other factors affect qualification.
How are agent compensation estimates handled?
Listing brokerage compensation is fully negotiable and confirmed in a written listing agreement. The buyer-broker amount shown is only a planning placeholder. A buyer may request that the seller contribute toward compensation negotiated with the buyer's agent, and the amount can vary with each offer.