Best for homeowners with a low mortgage rate who feel stuck because monthly debt payments — not the mortgage itself — are limiting the next move.
Current Home
Selling costs
$18,250
Estimated net equity
$196,750
Current total monthly
$4,111.12
Current Debt
High-priority debt
Moderate-cost debt
Expensive debt
Low-cost debt
Next Home
Move-Up Wins
You may be able to move up and save about $827/month.
Based on your current mortgage, debt payments, equity, and next-home inputs. Your monthly obligation includes mortgage + PMI + taxes / insurance / HOA + remaining debt payments.
Current monthly
$4,111.12
New monthly
$3,284.28
Monthly savings
$826.84
Annual savings
$9,922
Your new mortgage payment may be higher, but the debt payments removed may offset enough of the increase to keep your total monthly cost similar or lower.
The Numbers
Debt paid off with equity
$78,000
Equity used for down payment
$143,750
Remaining cash reserves
$0
New estimated loan amount
$431,250
New LTV
75.0%
PMI (monthly)
None
New P&I
$2,655.28
New taxes/ins/HOA
$629
Remaining debt payments
$0.00
Why this matters: This comparison looks at your full monthly obligation, not just your mortgage rate. A higher mortgage rate can still make sense if paying off debt removes enough monthly payments.
Things to watch
- Remaining reserves are less than 3 months of your new total monthly obligations.
Want me to review your move-up strategy personally?
I'll review your equity, debt, payment structure, and loan options to see whether moving up makes sense before you list your home.
This is an educational estimate, not a loan approval, loan estimate, or commitment to lend. Selling costs, rates, PMI, taxes, insurance, qualification, and available loan programs may vary.