Monthly Mortgage
$5,748.15
Monthly Carrying Costs
$3,506.25
Total Monthly Cost
$9,254.40
True Cost (25 yrs)
$3,250,696
🏷️ Selling Your Current Home
$46,125
Sale Price$1,025,000
- Current Mortgage$500,000
+- Total Selling Costs$50,625
= Net Proceeds$474,375
🏡 Buying New Home
Purchase Price$1,550,000
++ Total Buying Costs$41,225
Down Payment Available$433,150
Down Payment %27.9%
📊 Mortgage Options
🏛️ Annual Carrying Costs
$19,375/year
$15,500/year
🎯 TRUE Cost of This Home Over 25 Years
Purchase Price$1,550,000
+ Mortgage Interest (25 yrs)$607,596
+ Total Carrying Costs (25 yrs)$1,051,875
= TRUE TOTAL COST$3,250,696
That's $1,700,696 more than the sticker price!