Fairstart's difference: Case Study Comparison
| Buying a house | Typical | Fairstart |
|---|---|---|
| Purchase Price | $750K | $750K |
| Downpayment | -$50K | -$37.5K |
| CMHC Insurance | $28K | $0 |
| Shared Equity Mortgage | 0 | -112.5K |
| Total | $728K | $600K |
| Monthly Payments | $4,200 | $3,500 |
| Household Income | $180,000 | $145,000 |
With Fairstart,
buyers save $128K at purchase and $700/month on their monthly payments.
A reduction of $35,000 required for family income.