The Real Cost of Selling Your Home

By Carla Fried - 2013-06-12T20:51:17Z

Photograph by  Jutta Klee/Gallery Stock

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All in the Timing

Arranging a perfectly timed closing that coincides with the move into your next home is a rare feat. Even if it’s just for a month or so, you may find yourself paying the mortgage on a home that you’ve moved out of while also paying a mortgage or rent on your new home. Remember that mortgage payments cover the interest that accrued during the prior month. Even if the mortgage is due on the day of the close, you still will owe one more interest payment for the last month you owned the home.

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