How this number is made
Home prices do not grow on a schedule. This page only compounds the rate you type, so you can see what that assumption is worth in dollars.
- Pick a rate you are willing to defend, not a rate from a hot year.
- Years are how long you would hold.
Formula
Future price = price × (1 + growth) ^ years.
Worked example
With the figures already in the form, price if that growth happens is $537,567.
Questions
Should I use inflation?
If you want the price to merely keep up with prices in general, use an inflation guess. Houses sometimes do worse and sometimes better. The page will not choose.
Does this include what I still owe?
No. The equity page subtracts the remaining loan.