Work out downsizing savings instantly with clear inputs, formula shown and shareable results.
Downsizing releases equity but transaction costs on both sides consume a meaningful share. The ongoing benefit is the running cost saving plus the income the released equity can generate, here at a 5% withdrawal.
Downsizing
Released = current value - new value - transaction costs; annual benefit = running saving + released × 5%
Figures are estimates for planning only. Prices, returns, inflation and personal circumstances all change. This is not financial or tax advice — speak to a qualified adviser before making decisions.
Stamp duty, agency fees, legal costs and moving expenses apply on both the sale and the purchase.
Only if the gap is large. On a modest gap the costs can absorb several years of running cost savings.