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Should I sell my home before buying the next one?
The order you do this in decides how much cash reaches the closing table, and that decides your loan. Buy first and only your savings are available, because your equity is still locked in the unsold home. Sell first and the proceeds come too — a smaller loan and a lower payment, but you pay for somewhere to live in between.
The home you're selling
CURRENTAgent commission, transfer taxes and the usual concessions — commonly 6–9%.
The home you're buying
NEXTCash on hand, not counting anything tied up in the current home. Buying first, this is all you have.
Only selling first is charged this — a rent-back, a short let or storage while you find the next place. Enter 0 if you would stay with family.
Enter your current home's value, the price of the next one, and your rate to compare the two payments.
All four happen in your browser. Your figures are not sent anywhere — the email opens in your own mail app, already filled in.
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