Calculate your savings with GoodRoots
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Inputs
Adjust parameters
Home value
750,000
Current Mortgage Rates
7,00%
Assumed home price appreciation
Tool Tip: Long-run averages in the U.S. are 4%-6%
4.00%
Years before you move or refinance
Tool Tip: Most first-time buyers stay 10 years or less
5 Years
Mortgage Down Payment
A typical down payment is 3% of the Home Value or more.
GoodRoots Down Payment
No upfront Shared Equity is required to move in, but on average our customers put down ~2% to reduce their monthly payments.
Upfront payment
Mortgage
GoodRoots
Down payment
The lowest down payment you could place on this home is 3%
1%
No upfront Shared Equity is required to move in, but on average our customers put down ~2% to reduce their monthly payments.
Closing Costs
Mortgage closing costs typically range from 2% to 5% of the loan amount.
This includes first month’s payments and fee to cover our upfront inspection, appraisal and funding costs.
Total upfront cost
Monthly payment
Mortgage
GoodRoots
Principal & Interest
Mortgage & Insurance
Base Rent
This is just an estimate. Your final rent will be based on the home you choose.
Shared Equity
You build more equity in the home each month, giving you a greater share of future equity gains.
Property Taxes & Insurance
GoodRoots customers pay taxes & insurance similar to a mortgage.
Total fixed monthly costs
Total savings
GoodRoots
Total Upfront Savings
Ongoing Savings
Cash savings over 8 years vs. a mortgage
Shared Equity Value
GoodRoots
Total Shared Equity Purchased
Future Shared equity Value
Your gains
+32.5%
Frequently asked questions
What is a GoodRoots Shared Equity Lease?
The GoodRoots® Shared Equity Lease is a new kind of shared equity agreement that gives you shared appreciation rights in the home (called Shared Equity Rights) while you rent. When you choose a Shared Equity Lease instead of a mortgage, we buy the home on your behalf and hold onto the deed until you’re ready to buy. Along the way, you’ll make fixed monthly payments to add to your Shared Equity, adding up to a 20% down payment over 10 years.
Your Shared Equity grows with the value of the home, so you can build wealth and lock in your future home purchase one payment at a time without worrying about rising home prices.
GoodRoots created this new model to unlock homeownership in high-cost housing markets. We combined the benefits of owning (long term control, fixed payments, wealth accumulation) with the best of renting (flexibility, low cost) to re-imagine the typical path to first-time homeownership.
We believe Shared Equity is the future of first-time homeownership, letting you put down roots today and grow into homeownership over time. Read more about our mission here.
Who owns the home?
GoodRoots owns the home while you build Shared Equity gradually over time. It’s lower cost, less risky, and more flexible than a low-money-down mortgage. Use our calculator to see how much you could save.
What is my monthly payment?
Your fixed payment includes Shared Equity and Rent. These costs stay flat for 10 years.
Your Shared Equity payments add up to at least 20% for a down payment by the end of 10 years, guaranteed! So on average, you’ll purchase roughly 2% of the home’s value each year. The specific amount of your Shared Equity payment depends on how much Shared Equity you purchase upfront (if any), the value of the home, and other local market conditions.
Your Rent will be much lower than typical rents for similar properties, since you’ll be covering the costs of repairs, property taxes and insurance.
Use our calculator to see what your monthly payment could be.
What happens after 10 years?
You can take full ownership, rollover your Shared Equity into another GoodRoots home, or cash out and walk away.
After 10 years with GoodRoots, your Shared Equity is guaranteed to add up to at least 20% of the home’s value, so you can rest easy knowing your future down payment is fully covered.
The benefits of homeownership
at a fraction of the cost.
JM
Resident since 2024
Bothell
Our family was ready for our first home, but not a mortgage. GoodRoots gave us a smarter way to bridge the gap to homeownership.
DP
Resident since 2023
Maple Valley
This program makes you feel like you’re more than just a tenant—you feel like you’re part of something."
