Programs, rates, program terms and conditions subject to change without notice. Other restrictions and limitations apply. This is not a commitment to lend. All Scenarios are estimates for comparison purposes only and are subject to minimum credit scores, sufficient funds to close, income, employment or other sources of income. Speak to a builder representative for more details.
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If you use the monthly savings from Scenario 2 and Scenario 3 (vs. Scenario 1) as extra principal on the same loan, here is the effect over the horizon that matches each loan's fixed period.
Compares buying (using one of the scenarios above) against renting and investing the cash you'd otherwise spend on the down payment.
Potential Appreciation occurs as a result of inflation, cost of land, labor and material increases from year to year. Principal paid occurs as you pay your mortgage payment each month — a small portion goes towards principal and reduces the amount you owe.