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Home Sale Proceeds: What could you gain from selling your home?

 

If you’re thinking of selling your home, you’re probably wondering how much you stand to receive as you plan your next steps. Plug in numbers to estimate the revenue from your sale, accounting for your loan balances and expenses. Remember that your home loan payoff amount will be higher than your loan balance. To get the most accurate result, it helps to add a month of interest expense. When you finish, you’ll have a net amount to use when planning for a down payment and closing costs on your next home.