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Figure Out How Moving Changes Your Finances

It changes what you own, what you owe, & your monthly expenses.

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Enter your information for a Quick Estimate.

Then go to Advanced, below, to adjust this estimate.

Your house is usually your biggest asset and biggest expense.

Moving is expensive, especially if you’re selling a house.  Even if you’re not selling a house, moving your stuff and fixing up the new place isn’t free.

And moving will also change your monthly expenses:

  • Your monthly mortgage or rent payment.
  • How much you pay for utilities, taxes, insurance, and upkeep.
  • Your income from savings – if you use or add to your savings when you move.

Please fill all required fields
    header-small Enter your figures in the white boxes to change the figures we use.   
    gap     
    header-column You Currently
     You Will
    header-column TODAYTOMORROW
    input results-small Home Value
    input results-small Mortgage
    input results-small Monthly Payment  
    input results-small   After Tax (estimated)  
    input results-small Tomorrow's Rent, if You Will Rent
    gap     
    header-orange Quick Estimate:     
    input results-small Value of Home
    input results-small Mortgage Owed
    input results-small Moving Costs 
    input results-small Change in Savings After Moving Costs
    input results-small Change in Monthly Expenses
    gap     
    header-small How Your Monthly Expenses Could Change 
    billboard-big 
    billboard-small Monthly PAYMENT Operating EXPENSES INCOME  from Savings NET CHANGE 
    header-marker Advanced: Moving Costs    
    input results-small Sales Commission 
    input results-small Fix-up House to Sell 
    input results-small Moving Your Stuff 
    input results-small Fix up &  Furnish New House 
    total Total 
    text-oversize  
    header-marker Advanced: Expenses    
    header-orange 1. Change in Monthly Payment     
          
    input results-small New Mortgage, if any 
    input results-small New Mortgage Closing Costs
    header-column Mortgage Terms TODAY  TOMORROW
    input results-small Interest Rate
    input results-small Mortgage Years
     
    input results-small Years Left  
    header-column Change in Monthly Payment
    input results-small Monthly Payment 
    input results-small Marginal Tax Rate
     
    input results-small Value of Mortgage Interest Tax Deduction  
    input results-small Payment After Tax 
    total Change in Monthly Payment After Tax
    header-small How Your Monthly Expenses Could Change 
    billboard-big 
    billboard-small Monthly PAYMENT Operating EXPENSES INCOME  from Savings NET CHANGE 
    header-orange 2. Change in Monthly Operating Expenses     
    header-column   TODAY  TOMORROW
    input results-small Property Tax*
    input results-small Utilities & Upkeep 
    input results-small Insurance/ Condo fee
    input results-small Commuting & Other 
    input-total Total  
    text     
    total Change in Monthly Operating Expenses 
    gap     
    header-small 
    billboard-big 
    billboard-small NET CHANGE 
    header-orange 3. Change in Income from Savings    
    input-total After You Move, Your Savings Will Be 
    input results-small How You Use These Savings
    input results-small 
    input-total Change in MONTHLY Income from Savings
    gap     
    header-small 
    billboard-big 
    billboard-small NET CHANGE 
          
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    Under the Covers

    How We Make Our Estimates

    In Moving Expenses, we estimate the cost of:

    • Selling “fix-up” costs estimated at 1% of current house value.
    • Moving your stuff estimated at 2% of current house value, or $2,000 if you rent.
    • Refurbishing, new furnishings, etc., at 2% of current house value, or $2,000 if you rent.

    In Monthly Housing Expenses, we estimate the cost of:

    • Real estate taxes at 1.25% of house value a year.
    • Utilities and upkeep at 1.5% of house value a year, or $180 a month if you rent.
    • Insurance/condo fees at 0.5% of house value a year, or $20 a month if you rent.
    • Also note that these expenses, unlike mortgage payments, rise with inflation.

    In Income From Savings, we estimate:

    • The return on savings for a near-term goal at a conservative 1% above inflation.
    • The return on savings for college, invested in a balanced mutual fund, at 3.5% above inflation and fees.
    • The return on retirement savings, invested in a Target Date Fund for young and middle-age workers with a large allocation to stocks, at 5% above inflation and fees.
    • The income drawn from savings in retirement at 4% of savings, commonly seen as a “safe” amount.
    • The increase in income from delaying Social Security at 6.5%, the average increase from using savings to provide the higher income you’ll  get when you do claim. (Note that you can only increase your income from Social Security by delaying up to age 70.)