Mortgage
Land transfer tax
First-time buyer
Lease or purchase
True cost
Sell or buy first
Net proceeds
Mortgage penalty
Home valueSell first or buy first?
Moving up or downsizing? Compare the real cost of each path, including bridge financing, so you pick the less stressful, less expensive one.
The two homes
What you own and what you want.
If you buy first
You close on the new home before the old one sells. A bridge loan covers the down payment.
If you sell first
You close on the old home first and rent or stay with family until you find the next one.
Estimates only. Rates, rules and fees change and your lender, lawyer and tax adviser have the final word — please confirm before you rely on any number. Costs are estimates for the gap between closings. Buying first needs a lender willing to qualify you for both homes, and a bridge loan needs a firm, unconditional sale of your current home.
Want a real number for your situation?
Cheryl & Charlie will run it with you — free, no pressure.
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