If I sell my current home and purchase a replacement home, where does ESPlanner account for the down payment? I can’t find it reflected under regular assets or under total spending.
Thanks,
Rich
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Take a look at the "Net Home Purchase" column of the housing report. You'll see that the downpayment has been deducted from any profits made from your previous home. Also, any expenditures for your new home (including the downpayment) will show up in the "Expenditures" column.
Best,
Dick Munroe
Dick,
Something is not adding up. I get the same answer under net home purchases and under expenditures when I enter a 10% down payment and when I enter a 90% down payment.
10% down payment
($355,500) net home purchases
($322,941) expenditures
$540,000 mortgage balance
$60,000 equity
90% down payment
($355,500) net home purchases
($322,941) expenditures
$60,000 mortgage balance
$540,000 equity
Thanks,
Rich