Total assets needed
$1.57M
= $1.27M 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)$7,195/mo
Monthly property tax$1,500/mo
Monthly insurance$583/mo
Total monthly cost of ownership$9,278/mo
Less: current monthly rent−$4,000/mo
Monthly gap to fund$5,278/mo
Annual gap$63,335
Portfolio needed after down payment (annual gap ÷ 5% SWR)$1.27M
Down payment (20% of home price)$300K
Total assets needed$1.57M
Estimates only. Does not account for stamp duty, renovation, maintenance, or capital appreciation.