Home Affordability
Your current home equity and maximum new home price without debt
Current Home Value
$388,000
Current Mortgage Balance
$164,798
Current Home Equity
$223,202
Estimated Closing Costs (10%)
$38,800
Net Proceeds from Sale
$184,402
Maximum New Home Price (No Debt)
$184,402
This is the maximum price I can afford for a new home without taking on additional debt, assuming 10% closing costs on the sale of my current home.