What Happens If You Sell Your House But Still Owe on the Mortgage?
HomeLight
SEPTEMBER 30, 2021
Now that you’ve collected a home value estimate and your mortgage payoff amount, use this simple home sale proceeds formula to estimate how much you’ll walk away with : Start with: the approximate value of your home. of the sale price). Subtract) approximate closing costs (additional 3%-4% of sale price for taxes and fees).
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