One Day My Renting Life Will Be Over. ONE Day Is NOW.

Think you can't afford a new home? Let's take a closer look.

Building Equity

Nearly all of us pay a monthly housing payment. Some pay a landlord, others pay a mortgage company. In both cases that payment is building equity in the place where you live. The question is, whose equity are you building? Equity for you and your family, or for your landlord?

Doesn't it make sense to explore the option of owning your own new home? You may be surprised at the affordability.

New Home Buyers


Many renters think that they just can't afford a new home. And they are pleasantly surprised to find that a house payment is very comparable to their monthly rent, when considering the after tax equivalent. Most of a new house payment is made up of mortgage interest and real estate taxes (up to 90% of the monthly payment is some cases).

Since these are tax deductible, the actual cost of the after tax equivalent mortgage payment is much less than you think. The exact amount is determined by your specific tax situation.

Adj. Gross Income $90,000
Tax Bracket 21%
Monthly Rent $2,000
After Tax Equivalent $2,336

Sample Information to show how
affordable a New Shea Home can be

Rent Vs. Own Calculator

Case Studies

Let's take a look at some typical 1st time buyer case studies. These people were paying rent and considering making the move to buying a new home.

building a new home

Current Rent: $2,400
Income: $150,000
Down Payment: $19,000
Down Payment %: 5%
Loan Amount: $395,000
Interest Rate: 5.00%
Mortgage Payment: $2,292
1st Year Tax Savings: $3,923

Jack & Jill were both 4 years out of college and were married 2 years ago. They both had good careers but were concerned about their long-term financial future. They didn't think they could afford a new home and were uncertain about the overall market.

new home building

Current Rent: $1,450
Income: $70,000
Down Payment: $8,000
Down Payment %: 3.5%
Loan Amount: $205,000
Interest Rate: 4.375%
Mortgage Payment: $1,342
1st Year Tax Savings: $1,335

As a single mom, Mary was well aware of the financial hardships of a limited income. She had a good job but was sure she was destined to pay a landlord for the foreseeable future.

new home buyers

Current Rent: $2,200
Income: $120,000
Down Payment: $15,000
Down Payment %: 5%
Loan Amount: $295,000
Interest Rate: 6.125%
Mortgage Payment: $2,261
1st Year Tax Savings: $3,594

A job loss, mounting debt, and poor credit had Dick and Jane convinced it would be a long time before they could think about owning a home. But with the help of Shea Mortgage's Customer Plus+ program, they realized their dream in a fraction of the time they had originally expected.

home buying tips
Shea Blog

Grand Opening of Newest Shea Peoria Community – Aloravita

  Mark your calendars, because Saturday, December 8th, 2018 is the official grand opening of Shea Homes® Arizona’s newest Peoria communities– Ascent and Emblem at Aloravita! Models are open and homesites are up for grabs; now is the time to pick the perfect spot for your new home. So, grab your friends and family and […]

Dec 7 at 8:51 PM • Shea Blog