Downsizing Financial Impact Calculator

About You

What is your first name? — so we can customize the report just for you

How many years do you plan to stay in your next home?

This affects how long your monthly savings compound and how costs are spread over time.

5 years

10 years

15 years

20+ years

What is your primary reason for considering downsizing?

Reduce monthly expenses

Free up home equity

Simplify and reduce upkeep

Move to a better location

Better accessibility as I age

Your Current Home

What is your current home's estimated market value?

How much do you still owe on your mortgage?

Enter 0 if your home is paid off.

What is your current monthly mortgage or rent payment?

Include principal and interest only — not taxes or insurance.

What are your current annual property taxes?

What do you spend annually on home maintenance and repairs?

The typical rule of thumb is 1–2% of home value per year.

What do you pay monthly for homeowner's insurance and HOA fees combined?

Your Downsized Home

What is the estimated purchase price or value of your downsized home?

Will you have a mortgage on the new home?

What are the estimated annual property taxes on the new home?

What do you estimate for annual maintenance on the new home?

Condos and newer homes typically cost less to maintain.

What will you pay monthly for insurance and HOA fees on the new home?

Moving & Transaction Costs

What do you estimate for selling costs on your current home?

Typically 6–8% of sale price — including agent commissions, closing costs, and staging.

~5% of sale price

~6% of sale price

~7% of sale price

~8% of sale price

What do you estimate for moving and settling-in costs?

Include moving company, temporary storage, new furniture, and any renovation to the new home.

Monthly Savings by Downsizing

—

per month

Annual Savings

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per year

Net Equity Released

—

cash in hand

Break-Even on Moving Costs

—

months

Monthly Cost Comparison

Cost Category	Current Home	Downsized Home	Difference