|
| Affordability Analysis |
Think you're spending less by building a wood frame home instead of an
BuildBlock
home? Think again! An ICF home's energy and
insurance savings far exceed the slightly higher construction
costs. |
|
Assume the following for building a 2000 sq.
ft. home: |
| $150,000. |
Total building costs for wood frame home
($75.00/sq. ft.) |
| $157,500. |
Total building costs for
BuildBlock
home ($78.75/sq. ft.)* |
| *The national average is a 5% increase
for ICF over wood construction. |
|
|
|
90/10
Home Mortgage (90% financed for 30 years, 10% down |
| Down Payment for Wood Frame |
$15,000.00 |
| Down Payment for
BuildBlock
|
$15,750.00 |
|
Difference |
$
750.00 |
|
|
|
Structure |
Amount Financed |
Mo. Payment |
| Wood Frame |
$135,000.00 @ 7½% |
$943.94 |
|
BuildBlock
|
$141,750.00 @ 7½% |
$991.14 |
|
Difference |
$
47.20 |
|
|
|
Increased Costs for Using
BuildBlock
instead of
Wood Frame |
| Down Payment Difference
(1st year only) |
$750.00 |
| Increased Mortgage Cost ($47.20
x 12 months) |
$566.40 |
|
Total Increased Costs for First Year of Mortgage |
$1316.40 |
|
|
|
Item |
Discount Range |
Wood Frame |
Example
Discount |
BuildBlock
Savings |
|
Per Month |
Per Year |
| Insurance Discount |
15-25% |
$65.00/mo. |
15% |
$9.75 |
$117.00 |
| Energy Savings |
50-80% |
$175.00/mo. |
60% |
$105.00 |
$1260.00 |
|
Total Annual Savings for Using
BuildBlock
instead
of Wood Frame |
$1377.00 |
|
|
|
TOTAL SAVINGS FOR FIRST YEAR |
|
$1377.00 |
BuildBlock
Savings |
|
-1316.40 |
Increased Cost (includes down payment) |
|
60.60 |
|
|
|
|
TOTAL SAVINGS EVERY YEAR THEREAFTER |
|
$1377.00 |
BuildBlock Savings |
|
-566.40 |
Increased Cost |
|
810.60 |
|
|
|
|
Your total savings after just five years would be
$3,242.40 plus you and your family would be living
in a quiet, safe, and environmentally-friendly home that will
appreciate at a higher rate than a wood frame home.
Over the lifetime of your 30-year mortgage, you
could save over $24,000.00 by building with
BuildBlock
!
The above figures do not take into account that
utility costs will most likely continue to increase, which will
actually make your savings even greater than projected in this
example!
Also, you can apply your savings to the
principal of your mortgage and save tens of thousands of dollars
in interest! See our amortization chart for examples.
So you see... |
|
|
|
YOU CAN'T AFFORD NOT TO
BUILD WITH BuildBlock
! |
|
|
 |
| |
