I am hoping to have this much left over after I sell my house and move to something smaller
How much might my house grow in value if I stay?
Estimated value of your house today.
For illustration purposes, we've used a number close to the average national resale house price in summer 2014
Number of years until you sell
Your expected annual house price gain
(if you're unsure, try using the long-term average inflation rate of 2.5%)
Estimated value when you're ready to sell
What if I stay and prices fall?
Estimated value of your house today
Your estimated percentage decline from current value
Projected value after decline
Which scenario would you like to use to calculate the following questions?
The current value of your house
Estimate value when you're ready to sell
Projected value after a decline
What will it cost me to move to a smaller house or condo?
Value of your home or the bottom line home value from either parts one or two
Percentage real estate commission for selling
Real estate fees
Legal fees + Reimbursements
A default estimate of $2,500 could be used to cover a downsizer's sale of the family home and purchase of a smaller dwelling.
Land transfer tax on purchase of your next home, if applicable
Click here to calculate what you'll owe, if anything
Furnishings and upgrades for your new home
Total Moving Costs
Net gain from selling
The value of your home or the bottom line home value from either parts one or two
Actual or anticipated balance owing on your line of credit (or remaining mortagage balance)
Net gain after subtracting total moving costs in Part Three and LOC or mortgage balance
Cost of new home
(leave blank if you plan to rent)
Funds remaining after you buy your next home
Surplus or shortfall compared to your targeted net gain after downsizing
What if I invest the gains from selling my house?
Funds remaining after you buy your next home (from Part Four)
Your expected annual investment return after fees (%)
Your pre-tax annual gains