- Home value
- £400,000
- What your home could be worth
- Mortgage left
- £217,762
- Still owed to your lender
- Your equity
- £182,238
- Home value minus mortgage
- Cash after selling
- £175,278
- After mortgage and sale costs
Your next home in 5 years
- Price
- £550,000
- Stamp Duty + buying costs
- £20,700
- Net proceeds + savings
- £208,278
- Mortgage you'd need
- £362,422
That's £42,422 more than the £320,000 you said you'd be comfortable borrowing. Under "Flat prices", the numbers first line up with your threshold in year 9.Hypothetical only — this is not whether a lender would lend, which depends on income, outgoings, credit and their own valuation.
Your mortgage over time
- Monthly payment (today's rate)
- £1,320
- Paid over 10 years
- £158,351
- Mortgage cleared
- In 25 years
| Year | Home value | Mortgage balance | Equity | Equity share |
|---|---|---|---|---|
| Today | £400,000 | £250,000 | £150,000 | 38% |
| 1 | £400,000 | £244,057 | £155,943 | 39% |
| 2 | £400,000 | £237,871 | £162,129 | 41% |
| 3 | £400,000 | £231,434 | £168,566 | 42% |
| 4 | £400,000 | £224,734 | £175,266 | 44% |
| 5 | £400,000 | £217,762 | £182,238 | 46% |
| 6 | £400,000 | £210,505 | £189,495 | 47% |
| 7 | £400,000 | £202,952 | £197,048 | 49% |
| 8 | £400,000 | £195,092 | £204,908 | 51% |
| 9 | £400,000 | £186,912 | £213,088 | 53% |
| 10 | £400,000 | £178,398 | £221,602 | 55% |
Balances follow standard repayment maths from the figures you entered. Your lender's statement is the true figure; fees and product changes aren't included.
| Scenario | Gross equity | Net proceeds | Borrowing need | Your threshold |
|---|---|---|---|---|
| Falling prices (-3% / -3%) | £125,732 | £119,586 | £336,533 | Above |
| Flat prices (0% / 0%) | £182,238 | £175,278 | £362,422 | Above |
| Rising prices (3% / 3%) | £245,948 | £238,071 | £391,610 | Above |
Change the sample figures to your own to save.