Property Upsize Downsize Calculator When it comes to property purchasing decisions the decision to upsize or downsize is one that is often easy to see the immediate benefit of, however not so easy to quantify the short to long term financial implications. By upsizing or downsizing a property in terms of market value and therefore the likely mortgage associated with the property several key factors contribute to the financial obligations of the second property. Examples of those are the new price of property (B), equity leftover from the sale of the original property (A), the new fixed-term length set and the new interest rate set. This calculator takes out all of the hassles from the calculations and allows you to test what the net effect would be based on multiple scenarios.

Current Mortgage Details Property (A) Market value existing property $ Amount owed existing mortgage $ Equity in property(s) $ Mortgage rate (in percent; i.e. 4.5) % Loan term left in years years Mortgage repayment frequency week fortnight month Likely real estate commission fee % Proposed Mortgage Details Property (B) Market value proposed property $ Equity to use after current mortgage (A) sale $ You will owe on proposed mortgage $ Mortgage rate (in percent; i.e. 4.5) % Loan term left in years years Mortgage repayment frequency

Current Mortgage (A) Costs Cost of mortgage per $ Cost of mortgage per year $ Total cost of mortgage after years = $ Proposed Mortgage (B) Costs Cost of mortgage per $ Cost of mortgage per year $ Total cost of mortgage after years = $

Situation Specific Summary

Equity in property (A) before sale $ Likely real estate fees to sell current property (A) $ Equity balance after sale of current property (A) $ Equity remaining after purchase of (B) $ Net in loan payment owed per $ Net in loan payment owed per year $ Net in total loan payment owed across both loans $ By from property (A) to property (B) you will be by per , by per year and by in total payments owed to the lender over the lifetime of the loan.

Calculate.co.nz is partnered with Interest.co.nz for New Zealand's highest quality calculators and financial analysis.

Looking for an ethical KiwiSaver? Go to mindfulmoney.nz – it’s quick, easy and free. If you've found a bug, or would like to contact us please click here.

Copyright © 2019 calculate.co.nz All Rights Reserved. All calculators and tools on this website are made for educational and indicative use only. Calculate.co.nz is part of the GST Calculator, PAYE Calculator and CGT Calculator group.