When it comes to property purchasing decisions the decision to upsize or downsize is one that is often easy to see the immediate benefit of, however not so easy to quantify the short to long term financial implications. By upsizing or downsizing a property in terms of market value and therefore the likely mortgage associated with the property several key factors contribute to the financial obligations of the second property. Examples of those are the new price of property (B), equity leftover from the sale of the original property (A), the new fixed-term length set and the new interest rate set. This calculator takes out all of the hassles from the calculations and allows you to test what the net effect would be based on multiple scenarios.
Current Mortgage Details Property (A)
Market value existing property
Amount owed existing mortgage
Equity in property(s)
Mortgage rate (in percent; i.e. 4.5)
Loan term left in years
Mortgage repayment frequency
Likely real estate commission fee
Proposed Mortgage Details Property (B)
Market value proposed property
Equity to use after current mortgage (A) sale
You will owe on proposed mortgage
Mortgage rate (in percent; i.e. 4.5)
Loan term left in years
Mortgage repayment frequency
Current Mortgage (A) Costs
Cost of mortgage per
Cost of mortgage per year
Total cost of mortgage after years =
Proposed Mortgage (B) Costs
Cost of mortgage per
Cost of mortgage per year
Total cost of mortgage after years =
Situation Specific Summary
Equity in property (A) before sale
Likely real estate fees to sell current property (A)
Equity balance after sale of current property (A)
Equity remaining after purchase of (B)
Net in loan payment owed per
Net in loan payment owed per year
Net in total loan payment owed across both loans
By from property (A) to property (B) you will be by per , by per year and by in total payments owed to the lender over the lifetime of the loan.
