• Moneo@lemmy.world
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    1 year ago

    assumptions for closing costs, agent fees at the time of sale, home maintenance costs and interest payments

    Break even being your house has increased in value by the amount you’ve spent on those expenses.

      • Moneo@lemmy.world
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        1 year ago

        Not if I understand the phrase correctly. The house may be valued more than what is remaining on your loan, but you’ve spent a lot of money closing the house. So if you sold before the 13 years you would be able to pay off your loan but you would have lost money.