✂️ How much would you save by selling your second home?
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Nicole and Drew earn $297,000 a year and have $1.25 million in assets, yet they feel completely trapped. Why? Because 85% of their income is locked into fixed costs, largely driven by owning two homes in Southern California and Maui. This calculator shows you how much you could save—and how much breathing room you'd get back—by selling a second home. Watch the episode
💰 Your Current Finances
Nicole and Drew earn nearly $297,000 but feel trapped because 85% of their income goes to fixed costs. Enter your numbers to see where you stand.
Current monthly fixed costs
🏡 Second Home Details
Two homes consume over 40% of Nicole and Drew's income. Enter the value and mortgage details of the second home you're considering selling.
Total selling costs
Net proceeds from sale
🧾 Additional Monthly Costs
Beyond the mortgage, second homes come with HOA fees, taxes, insurance, and maintenance. Tally up what your second home actually costs you every month.
Total monthly cost of second home
📊 Debt-to-Income (DTI) Analysis
By selling the second home, you eliminate its monthly drain. Let's see how this changes your Debt-to-Income (DTI) or fixed costs ratio. Financial experts recommend keeping this under 60%.
Gross monthly income
New monthly fixed costs
New fixed costs ratio
🔗 See Also
Based on content by I Will Teach You To Be Rich on YouTube.
Original: "We own two houses, but can’t afford dinner out"
This view was inspired by:
⚖️ Affordability Verdict
Verdict
Sell home
Annual savings
Monthly savings
Your new fixed costs ratio
Calculator updated by heyfinfam (v26.8.0) · View history
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