Compare your options: Downsize & Buy vs. Sell & Rent
Texas average: 1.8% to 2% of home value
National average: 1% to 4% of home value
Texas average: 1.8% to 2% of home value
National average: 1% to 4% of home value
If checked, no capital gains tax (up to $250k single / $500k married exemption applies)
National average: 3% to 6% for agent fees + 1% for escrow fees
Typically 1% to 3% of purchase price
This is the difference between your current annual costs and new annual costs (mortgage + property tax + maintenance + insurance)
National average: 6% to 7% (expected annual return if you invest your monthly/annual savings)
This includes your leftover cash after purchase plus annual savings invested at 7% return