Remove Fixed-rate mortgage Remove Inspection Remove Principal Remove Seller concession
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Onto the Next: What to Know Before Selling Your Recently Purchased Home

HomeLight

If you have a mortgage on your home, your housing payment will be the same every month — but in the first couple of years, the vast majority of that overall payment will likely go toward interest and will barely touch the principal balance. Inspection and repair fees (varies). Seller concessions (2% – 6%).