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
|
Build
Block Savings |
|
-1316.40
|
Increased Cost (includes down payment) |
|
60.60
|
|
|
|
|
TOTAL SAVINGS EVERY YEAR THEREAFTER
|
|
$1377.00
|
Build
Block 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...
|
|
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YOU CAN'T AFFORD NOT TO BUILD WITH BuildBlock
!
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Click here to see an Amortization
Chart .
| 
BuildBlock ICFs...Performs as high as R-50 Value. 
