Inputs

You break even after
3 years
Strong breakeven. Appreciation and equity buildup cover transaction costs quickly.
Down Payment $70,000
Buyer Closing Costs $10,500
Total Cash Needed to Buy $80,500

True Cost of Selling

Agent Commissions (5%) $19,123
Title & Transfer (0.5%) $1,912
Staging & Repairs (est.) $5,000
Other Fees (0.5%) $1,912
Total Selling Cost $27,947

Year-by-Year Equity Buildup

Year Home Value Mortgage Balance Gross Equity Sell Costs Net Proceeds
1 $360,500 $276,870 $83,630 $21,630 $62,000
2 $371,315 $273,531 $97,784 $22,279 $75,505
3 $382,454 $269,968 $112,486 $22,947 $89,539
4 $393,928 $266,167 $127,761 $23,636 $104,126
5 $405,746 $262,111 $143,635 $24,345 $119,290
6 $417,918 $257,783 $160,135 $25,075 $135,060
7 $430,456 $253,165 $177,290 $25,827 $151,463
8 $443,370 $248,239 $195,131 $26,602 $168,529
9 $456,671 $242,982 $213,689 $27,400 $186,288
10 $470,371 $237,373 $232,998 $28,222 $204,775
11 $484,482 $231,389 $253,093 $29,069 $224,024
12 $499,016 $225,004 $274,013 $29,941 $244,072
13 $513,987 $218,191 $295,796 $30,839 $264,957
14 $529,406 $210,922 $318,485 $31,764 $286,720
15 $545,289 $203,166 $342,123 $32,717 $309,406
This calculator is for educational purposes only. Actual costs vary by market, lender, and local regulations. Does not account for tax benefits, investment returns on rent savings, or inflation adjustments. Selling costs are estimates.
Default mortgage rate sourced from FRED (Freddie Mac Primary Mortgage Market Survey).