Can You Sell a House That Still Has a Mortgage? Here’s How It Really Works 💰🏠
👉 Click here to watch the video 🎥 Can You Sell a House with a Mortgage? 🏡💰
Rob walks through real-life examples so you can understand exactly what happens when you sell a home with a mortgage.
One of the most common questions homeowners ask is:
“Can I sell my house if I still have a mortgage on it?”
Yes, you can sell a house with a mortgage. At closing, your mortgage balance is paid off first, and any remaining equity is yours. How much you walk away with depends on your equity, how long you’ve owned the home, and current market value.
Let’s break it down.
🧩 What Determines Your Outcome When You Sell?
When you sell a home with a mortgage, everything comes down to:
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📅 When you bought the home
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💵 How much you put down
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⏳ How long you’ve owned it
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🏡 What improvements you’ve made to the home
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📈 What the market has done since then
These factors determine whether you:
✔️ Walk away with a profit
✔️ Break even
❗ Or need to bring money to closing
💡 Scenario #1: Selling After Several Years (The Ideal Situation)
Let’s say you bought a home five years ago for $500,000.
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You put 20% down ($100,000)
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Your mortgage started at $400,000
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Over five years, you paid it down to $350,000
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The market improved and the home is now worth $600,000
When you sell:
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Sale price: $600,000
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Mortgage payoff: $350,000
That leaves $250,000 before closing costs — and after fees, you may walk away with $220,000–$230,000 in profit 💸
That’s how selling with a mortgage can work in your favor.
⚠️ Scenario #2: Selling Too Soon
Now let’s look at a different situation.
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You bought the home one year ago for $500,000
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Used an FHA loan with 3.5% down
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You still owe around $480,000
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The home is now worth $520,000
That’s only a $40,000 difference — and once you factor in:
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Seller closing costs
You may actually need to bring money to the closing table 😬
Not because you did anything wrong — but because time and equity just weren’t on your side yet.
⏳ Why Timing Matters So Much
This is why Rob always says:
“You make your money when you buy a property — more then when you sell it.”
Life happens:
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Job changes
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Family changes
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Unexpected circumstances
If you need to sell sooner than planned, understanding the numbers ahead of time can save you stress and surprises.
🤝 How Team Taylor Helps
If you’re unsure where you stand, we:
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Review your mortgage balance
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Analyze your market value
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Walk through real net numbers
So you can decide your next move with clarity — not stress.
That way, you know exactly what to expect before listing.
📲 Stay Connected
Follow for more real-life motivation, leadership insights, and lifestyle inspiration:
📺 YouTube: @teamtayloratkellerwilliams5814
📘 Facebook: Robert L. Taylor Realtor
📸 Instagram: @robsoldmyhouse
