Downsizing Calculator

Calculate the financial impact of downsizing your home in retirement

Current Home Details

Current Home Value

Remaining Mortgage Balance

Selling Costs (%)

Annual Property Taxes

Annual Insurance

Annual Maintenance

Annual Utilities

HOA Fees (Annual)

New Home Details

New Home Value

Moving Costs

New Home Taxes

New Home Insurance

New Home Maintenance

New Home Utilities

New Home HOA

Years to Calculate

Downsizing Analysis

Current Home Equity

Net Proceeds from Sale

Annual Savings

$0 per month

Total Savings

Over 10 years

Break-Even Time

0.0 years

To recover moving costs

Recommendation

Limited downsizing benefits

Downsizing Benefits

Financial Benefits

Lower taxes, insurance, maintenance, and utility costs

Lifestyle Benefits

Less maintenance, easier to manage, more time for activities

Security Benefits

Access to equity, reduced financial stress, better cash flow

Important Disclaimer

This calculator provides estimates based on simplified calculations and assumptions. Actual downsizing costs and savings may vary based on your specific situation, local market conditions, and other factors. This tool does not account for all possible costs, taxes, or factors that may affect your downsizing decision. Consult with a real estate professional and financial advisor for personalized advice and accurate calculations.