Selling House and Buying A New One Calculator

House in hand - Selling House and Buying A New One Calculator

If you are selling your house and buying a new one, a calculator is a very useful tool to have, which is what’s included in this article. This “selling house and buying a new one calculator” will calculate your net sale proceeds when you sell your home and calculate whether you have enough equity left to complete buying a new home. All you have to do is complete each of the fields in the calculator below.

It’s good to use a sell your house and buy a new one calculator so you consider all selling costs, all buying costs, the balance to payoff your current mortgage and what deposit is required on your new home. A calculator also works out the amount of savings you may need to buy your new home.

Please also read this article to discover how you could save £71,475 on your next mortgage if you sell your house and rent before buying againEven I was amazed when I did the calculations! The strategies you learn in this article will not only save you money, but it will also reduce the stress of buying your next home.

Can I sell my house and use the money to buy another house?

As long as you have enough equity in your current property after deducting selling costs and the balance outstanding on your mortgage, you can sell your house and use the money to buy another one. But when you buy a another property you need to take account of buying costs and what deposit you need.

With that said, you can use our “Selling House and Buying A New One Calculator” to work out how much house you can afford with the equity you have left in your current property.

Please note: This selling house and buying a new one calculator is offered for the purpose of estimation only. The costs included in the calculator may not include all costs associated with buying and selling property, so there are no guarantees that all possible costs have been included. This property calculator does not replace professional estimates.

To calculate the Stamp Duty to enter in the calculator, please visit here: Stamp Duty Calculator (Opens in a new page so you won’t lose any information already entered). The Bowfin Stamp Duty calculator is for property purchases in England and Northern Island Only.

If you have any suggestions for improvements for the “Selling house and buying a new one calculator” please comment below and I will always endeavour to upgrade the calculator to work for you too.

Please don’t forget to read this before you leave…

Please don’t forget to also read this article to discover how you could save £71,475 on your next mortgage if you sell your house and rent before buying againAs I said earlier, even I was amazed when I did the calculations! Learn about how you will reduce the stress of moving house, whilst at the same time potentially save thousands in the process!

I hope you’ve enjoyed this article about selling house and buying a new one calculator

f you’ve enjoyed this article about “selling house and buying a new one calculator” please share it on your favourite social media site.

Also, if you have any questions, please feel free to comment below too. Please also share any of your experiences with properties you’ve bought. Alternatively, if you need more help, please feel free to contact us on our contact us page here. Or join the discussion and ask your question in the property forum.

Selling House and Buying A New One Calculator

Article written by Russell Bowyer who has been investing in property since purchasing his first commercial property in the 1990's for his own Chartered Accountancy business. But his first property investment project was to turn an old dilapidated restaurant into a large 5-bed home, which he purchased for £117,500 and sold for £450,000 (to see an "after" photo of the house before it was sold see here: About). Russell owns a number of investment properties, which includes houses, flats and HMO's. More recently he has turned his creative side to investing in property using lease options. His largest lease option deal to date was to acquire 12 properties worth over £2 million for just £12, which means he paid just £1 to acquire each property!

Leave a Reply

Your email address will not be published.

Scroll to top
Don`t copy text!