Your current home & mortgage
What you have today.
$
$
%
$
Principal + interest only.
$
$
$
$
$
The home you’re considering
We’ll use today’s average rate for this state — 6.28%.
$
$
Leave at $0 if all your down payment comes from selling.
$
$
More expensive
Monthly payment jumps by $1,806.
That's a 91% increase. Over the life of the new loan, you'd pay $460,717 more in interest vs. staying put.
Monthly payment change
+$1,806/mo
Over the life of the new loan, that’s $460,717 more in interest than staying put.
Side-by-side monthly breakdown
| Stay | Move | |
|---|---|---|
| Principal & interest | $1,306 | $2,797 |
| Property tax | $545 | $802 |
| Insurance | $124 | $182 |
| PMI | — | — |
| HOA | — | — |
| Total monthly (PITI) | $1,975 | $3,781 |
| Interest rate | 3.25% | 6.28% |
| Loan balance | $220,000 | $452,813 |
| Home value | $425,000 | $625,000 |
| Current equity | $205,000 | $172,188 |
Stay$1,975/mo
Move$3,781/mo
Where the money goes
- Sale price (your current home)
- $425,000
- Agent commission (5.5%)
- -$23,375
- Transfer tax + title + closing costs
- -$9,438
- Mortgage payoff
- -$220,000
- Net sale proceeds
- $172,188
- Applied as down payment on $625,000
- $172,188
- New loan amount
- $452,813
- Cash needed at close (purchase costs, separate from down payment)
- $12,719
Loan balance over time
Estimates only. Actual rates depend on credit, income, down payment, and lender. PMI, insurance, and property taxes are approximations. Consult a loan officer before making decisions. Rates shown updated April 15, 2026.