All Collections
Home and Real Estate
Video Demo: Relocating your primary residence
Video Demo: Relocating your primary residence

This video demonstrates modeling a relocation in your Plan.

Nancy Gates avatar
Written by Nancy Gates
Updated over a week ago

Modeling a Relocation

  1. On My Plan > Home & Real Estate, open the "Future changes to primary residence" section

  2. Press "Model a future change to your primary residence"

  3. Select "Relocate" when asked what type of change that you would like to model

  4. Enter the age that the primary user will be at the time of relocation

  5. Select an account for any relevant sale proceeds or down payment

  6. Enter the state of your relocation

  7. Enter the Estimated Purchase Price of the new home in future dollars

  8. Enter the Mortgage Balance, or the amount you intend to borrow

  9. Enter the estimated Interest rate on your Mortgage

  10. Enter the estimated Term on your Mortgage

  11. Make sure to add a one-time expense in My Plan > Expenses for seller's fees and taxes you'll need to pay as a result of this sale

  • If your relocation requires a downpayment, you will see a savings drawdown in the Insights > income and Expenses > Estimated Income, Drawdowns and Debt Chart. This represents any savings used to fund the purchase.

  • You will see same amount in Insights > Income and Expenses > Expenses Chart labeled "Relocation."

  • If your relocation results in a net gain, you will see income labeled "Relocation" in the Insights > income and Expenses > Estimated Income Chart.

Did this answer your question?