Tool
Downsizing Calculator
See how much equity you could free up and what it means for your monthly costs and passive income potential when you move to a smaller home.
Current Home Sale
Include mortgage, taxes, utilities, insurance, condo fees, and maintenance reserves.
New Home Smaller Purchase
Many downsizers buy outright with proceeds. Leave equal to price for a no-mortgage scenario.
Additional assumptions Optional: investment return on freed cash
This drives the passive income figures in your summary below. 4% is a conservative blended return, so adjust it to match your own plan.
Your Downsize Summary
Net proceeds from sale
$0
Total freed cash
$0
New monthly cost
$0
Monthly savings
$0
Passive income potential (monthly)
$0
Annual passive income
$0
Sale Proceeds Breakdown
Sale price$0
Commission + HST$0
Lawyer + moving$0
Mortgage payout$0
Net proceeds$0
New Home Purchase Costs
New home price$0
Ontario LTT + Toronto MLTT$0
Closing costs (lawyer, etc.)$0
Total purchase cost$0
Mortgage on new home$0
Cash remaining after purchase$0
Monthly Carrying Comparison
Current monthly cost$0
New mortgage (P&I)$0
New other carrying costs$0
New monthly total$0
Monthly savings$0
Estimates only. Real numbers depend on your property, market timing, lender products, and tax circumstances. Investment return figures are illustrative, not advice.