Trade-Up Financing Calculator
The current housing market is very favorable for trade-up home buyers. This calculator will enable you to explore different financing scenarios, which begin with the sale of your current home. Please call me at 973-865-1863 if you need an up-to-date estimate of your home's value. This calculator provides mortgage payments only. Points, taxes, property insurance and, if required, mortgage insurance, are not included. Also, the information provided here should only be used as a guide. While every effort has been made to ensure the accuracy of this information, you should seek the advice of a mortgage professional before making any home-financing decision.
Equity in Your Current Home
Market Value (insert selling price of existing home)
Mortgage Balance (insert amount owed\ mortgage)
Net Equity On Sale
Four Finance Options for Your Trade-Up Home
(1) Use All Equity for Down Payment
Purchase Price (insert purchase price of new home)
Down Payment
Down Payment Percent
Amount to Finance
Loan to Value
Interest Rate (insert mortgage interest rate)
Loan Term (insert number of years)
Cost/$1000/Month
Cost/Year
Cost/Month
(2) Put Down 20%
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 Percent Down Payment
Purchase Price
Down Payment
Down Payment Percent (insert down payment %)
Amount to Finance
Loan to Value
Interest Rate
Term (years)
Cost/$1000/Month
Cost/Year
Cost/Month
(4) Define Amount of Down Payment
Purchase Price
Down Payment (insert 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	Cost/Month
(1) Equity Used for Down Payment
(2) 20% Down Payment
(3) Defined Down Payment Percent
(4) Defined Down Payment Amount