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Improve or Move Calculator

Contrast the cost of moving into a new home with the cost of improving your current home. The "Improve or Move" calculator assumes that you are financing your home improvement, and will show you a side by side comparison of the costs involved.

In calculating the transaction cost percentage, please bear in mind that transaction costs typically include agent commissions, title fees, escrow fees, local transfer taxes, legal fees, and all other miscellaneous charges customarily paid by the seller in your area. These fees typically total 10% of the home selling price, but can vary widely depending on your location.

HomeGain Improve or Move Calculator


Current Mortgage New Mortgage
Current monthly mortgage $   Home Price $
Annual property taxes $   Down Payment $
Current home selling price $   Loan Term (Years)  
Cost of Improvement $   Interest Rate   %
Amount of Loan on Improvement $   Loan Fees $
Interest Rate on Improvement Loan   %   Annual property Taxes $
Term of Improvement Loan (Years)     Moving Cost $
Improvement Loan Fees $   Transaction Cost   %


* Keep in mind that this calculator does not consider tax implications. Note that a larger interest payment on a newer, larger mortgage may result in a larger income tax deduction, depending upon your reported income level. Please see your tax advisor for more information.