Total assets needed
$2.25M
= $1.95M portfolio (post-down payment) + $300K down payment
How it's calculated
Home price$1,500,000
Down payment (20%)$300K
Loan amount (80%)$1.20M
Monthly mortgage (P&I)$5,389/mo
Monthly property tax$5,000/mo
Monthly insurance$100/mo
Total monthly cost of ownership$10,489/mo
Less: current monthly rent−$4,000/mo
Monthly gap to fund$6,489/mo
Annual gap$77,862
Portfolio needed after down payment (annual gap ÷ 4% SWR)$1.95M
Down payment (20% of home price)$300K
Total assets needed$2.25M
Estimates only. Does not account for stamp duty, renovation, HOA, maintenance, or capital appreciation.