The Rate Shop · Kansas & Missouri

Could your current home help you buy the next one?

Estimate the cash gap for your next purchase, then compare how a HELOC or bridge-style option might use your current equity while you wait for the home to sell.

Your current home

Estimated home value ($) Current mortgage balance ($)Use the approximate payoff balance. Estimated selling costs (%)Editable planning estimate. Months until the home sells

Your next purchase

Next home price ($) Planned down payment (%) Estimated closing costs (%)Separate from the down payment. Cash already available ($)

Compare two possible paths

HELOC combined limit (%)Current mortgage plus HELOC. Illustrative HELOC rate (%) Bridge combined limit (%) Illustrative bridge rate (%) Estimated HELOC fees ($) Estimated bridge fee (%)

Estimated cash needed before selling

$40,000

Down payment and estimated closing costs, minus the cash you already have.

Estimated proceeds after selling$122,000Home value minus mortgage balance and entered selling costs.

Possible path 1

HELOC

Could cover the gap

Estimated credit available: $90,000
Amount used in this example: $40,000
Estimated monthly interest: $283
Interest + fees for entered timeline: $1,883

Possible path 2

Bridge-style financing

Could cover the gap

Estimated amount available: $70,000
Amount used in this example: $40,000
Estimated monthly interest: $350
Interest + fee for entered timeline: $2,000

Calculate My Real Buy-Before-Sell Options →

Mike can replace these editable assumptions with the actual programs, payments and qualification requirements available to you.

What the estimate tells you

Three numbers create the starting point.

Your cash gap

The down payment and estimated closing costs on the next home, minus cash you already plan to use.

Your available equity

The estimated amount a program might let you access before the current home sells—not all of your total equity.

Your short-term cost

An interest-and-fee estimate for the number of months you entered, so the timing decision is easier to understand.

How these estimates work

The HELOC and bridge estimates use the combined borrowing limits, rates and fees you entered. Monthly interest is shown as a simple interest-only planning estimate. Actual programs may calculate payments differently and will review credit, income, both housing payments, the property and your sale plan. Selling proceeds are not the same as cash available before a sale.