Selling to move up? Run it first.
This sell and buy calculator shows what you will walk away with from your sale, how much you can put down on the next home, and what a bridge loan would cost.
What this sell and buy calculator tells you.
Moving up or downsizing means two sales at once. See how much equity you will have for your next home and whether you need bridge financing.
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Your equity
What is left from your sale after the mortgage, commission, penalty and legal fees.
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Your next mortgage
The new mortgage and payment for the home you want to buy next.
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Bridge financing
If your purchase completes first, see what a bridge loan would cost for the days in between.
How to use the sell and buy calculator.
It only takes a couple of minutes. Every result updates while you type.
Want me to check your numbers? Book a free call
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Enter your sale price
Use a realistic price. I can give you a free valuation if you are not sure.
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Add your mortgage balance
Check your latest statement, and ask your lender about any prepayment penalty.
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Enter your next home's price
Add the rate and amortization for your new mortgage.
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Plan the timing
Set the days between the two completions to see if a bridge loan is needed.
From sale price to cash in hand
Your sale
Your purchase
Where these numbers come from
Every rule in this calculator is taken from these official pages.
- Mortgage loan insurance costPremium rates by loan-to-value, added to the mortgage.
- Saving for a down payment (FCAC)Minimum down payment of 5% and 10%, 20% from $1.5 million, and when insurance is required.
- Property transfer taxTax rates of 1%, 2%, 3% and the extra 2% over $3 million on residential property.
Sell and buy calculator: good questions to ask.
Short, plain answers. Still have questions? Ask me anything on a free call.
Still have a question? Book a free call 778 900 1010
Should I buy first or sell first?
Selling first means you know your budget but may need a short-term rental. Buying first means you may need a bridge loan if the dates do not line up. We can plan the timing so the gap is as short as possible.
What is a bridge loan?
A short-term loan that covers your down payment when your new home completes before your sale does. It is paid back from your sale proceeds and usually costs prime plus 2% to 3% plus a fee.
Will I pay a penalty to break my mortgage?
Often, if you are partway through a term. Fixed rates usually charge the greater of three months of interest or the interest rate differential. Ask your lender, or ask if you can move the mortgage to the new home.