(1)
The first scenario assumes that the proceeds from the sale of your current house are rolled over to become the down payment
on your tradeup house.

(2)
The second scenario assumes that you make a
20% down payment on your trade-up house.

(3)
The third allows you to select the percent of down payment
you wish to make on your trade-up house. Note: If your downpayment falls below 20% of the purchase price your lender will likely require that you carry private mortgage insurance.

Equity in Your Current Home
Market Value
Mortgage Balance
Net Equity On Sale
Three Finance Options for Your Trade-Up Home
(1) Use All Equity for Down Payment
Purchase Price
Down Payment
Down Payment Percent
Amount to Finance
Loan to Value
Interest Rate
Term (years)
Cost/$1000/Month
Cost/Year
Cost/Month
(2) Put Down 20% Against Purchase Price
Purchase Price
Down Payment
Down Payment Percent
Amount to Finance
Loan to Value
Interest Rate
Term (years)
Cost/$1000/Month
Cost/Year
Cost/Month
(3) Define Down Payment Percent
Purchase Price
Down Payment
Down Payment Percent
Amount to Finance
Loan to Value
Interest Rate
Term (years)
Cost/$1000/Month
Cost/Year
Cost/Month
Summary of Finance Options
(1) Equity Used for Down Payment
(2) 20% Down Payment
(3) Defined Down Payment

The information provided here should be used as a guide, only. While every effort has been made to ensure the accuracy of this information, you should seek the advice of a mortgage professional before making a home-buying decision.