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Think you're spending less by building a wood frame home instead of an BuildBlock
home? Think again! An BuildBlock home's energy and
insurance savings far exceed the slightly higher construction
costs.
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Assume the following for building a 2000 sq.
ft. home: |
| $150,000.00 |
Total building costs for wood frame home
($75.00 per sq. ft.) |
| $157,500.00 |
Total building costs for BuildBlock home ($78.75
per 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 |
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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!
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