Cost: What's the Bottom Line?
Building with ICF SAVES You Money over the life of your home! By building with ICF, it is possible that during your mortgage period your utility savings could be more than $10,000*.
|
|
WOOD FRAME |
ICF |
COMPARE |
|
|
Total cost to build (1) |
$150,000.00 |
$157,500.00 |
$7,500.00 |
|
|
90% Mortgage (2) |
$135,000.00 |
$141,750.00 |
$6,750.00 |
|
|
10% Down Payment (2) |
$15,000.00 |
$15,750.00 |
$760.00 |
|
| Monthly Expenses | ||||
| Monthly Mortgage |
$898.16 |
$943.07 |
$44.91 |
|
| Homeowners Insurance (3) |
$50.00 |
$42.50 |
($7.50) |
|
| Heating and Cooling (4) |
$110.50 |
$44.20 |
($66.30) |
|
|
TOTAL MONTHLY COSTS |
$1,058.66 |
$1,029.77 |
$28.89 LESS |
|
- The national average is a 3-5% cost increase for ICF over wood construction
- 90% financed over 30 years with 10% down at closing.
- Many insurers are now recognizing the benefits of ICF construction and are offering up to 25% discounts on homeowner’s insurance. We calculated only a 15% savings.
- Homes built with ICF are enjoying as much as 80% savings on heating and cooling costs. We used a 60% factor for our calculations.