Remove Fixed-rate mortgage Remove Principal Remove Seller concession Remove Staging
article thumbnail

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. Seller concessions (2% – 6%). Mortgage payoff (varies).