Financial Tools

Mortgage Calculator
New vs. Resale Calculator

Calculate Your Mortgage Payment

Home Information

Home Purchase Price

Down Payment

Annual Property Tax

HOA Fee (Monthly)

Annual Home Insurance

Loan Information

Loan Term (Years)

Interest Rate

Results

Monthly Payment Amount by Term

Loan Amount: $0.00

Total Payment: $0.00

See How a Resale Home Stacks Up Against a Brand-New Home!

Resale Home Price

USD

Resale Home Age (In Years)

Resale Square Feet

Estimated Budget for Upgrades

Planning on upgrading the kitchen? Or perhaps the floors? Put an estimated budget for these upgrades in this field.

USD

Lot Premium

Lot premium represents the value of the homesite included in the purchase price of the resale home. This cost is already factored into the overall price of the existing property and doesnt require an additional lot premium.

New Home Price

USD

New Home Age (In Years)

New Home Square Feet

Estimated Budget for Upgrades

stand Planning on upgrading the kitchen? Or perhaps the floors? Put an estimated budget for these upgrades in this field.

USD

Lot Premium

stand Lot premium represents the additional cost of the homesite.

Compare to an Already-Built Home (Lot Premium Included)

USD

5-Year Appreciation Advantage

Expected Annual Appreciation Rate (%)

Default based on National Association of Realtors average.

After 5 years, with an annual appreciation rate of 4.2%, your estimated home values would be:

Resale Home: Enter prices to calculate.
Brand-New Home: Enter prices to calculate.

Note: The appreciation calculation is based solely on the initial home price and appreciation rate, without factoring in additional costs or adjustments.

Appreciation Data Source

This default appreciation rate is based on U.S. housing market averages reported by the National Association of Realtors.

Visit National Association of Realtors