30-Year Fixed · interest-only for the first 10 years. Any decimal — 6.625, 6.62, whatever you were quoted.
Departing Home
$
Formula suggests $355,000 (value × 95% − payoff)
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Departing home — more details
$
$
$
Your figure, not ours — leave it at zero and nothing below changes. Tax you owe on the sale is money that cannot go toward the new loan. Get the number from your CPA before you plan around it; this page does not estimate it.
6 months
Monthly income
$30,000/mo
$
Gross, before tax. The base everything else stacks on.
$0/mo
$
Self-employed? Deposits count at 50% after a flat 50% expense factor.
$
Assets count as income spread over 84 months.
New home — what a lender counts
$1,875/mo
$
On top of principal and interest. A ratio built on principal and interest alone understates what you owe.
$2,000,000 purchase · 7.375% · 30-Year Fixed · 10 yrs interest-only, then 20-yr principal + interest
Buy your next home. Sell your current one on your timeline.
Every figure on this page is an illustration generated from the numbers you set above — not a quote, an approval, or an offer of credit. The rate shown is a starting point you can change, not today’s rate.
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