This Calculator allows you to calculate future net worth under different assumptions regarding how large a down payment you make, the terms of any mortgage, how much you earn on investments, and other factors.
For instance, many of us when we turn into our 50's, we face the decision of selling our house to buy another. We have no savings aside except from the equity in our current house, which is approximately $325,000. We may still need to work another 15 years, during which time we will have available $4500 a month for mortgage repayment or investment. Now, the question is… should we use the $325,000 to buy our next home or should we take out a mortgage and invest that money?
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(Accuracy and use of this calculator is not guaranteed)
