Watch your down payment grow.
See how equity in a Florida home can build over time from loan paydown and home value rises.
Your numbers
Sample Orlando-area home
30-year fixed FHA
Florida long-run ≈ 4%
Grant
Time period: 10 years
Assumes an FHA 30-year fixed loan at 96.5% of the price. The 3.5% down payment is your starting equity — the 3.5% grant ($11,375) covers all of it.
Equity on day one
$11,375
Equity after 10 yrs
$212,268
Home value rise
$156,079
Loan paid down
$44,813
Where your equity comes from
A range, not a promise
Equity if Florida home values rise 2%, 4%, or 6% a year.
$50,000 in equity
Reached in year 3
$100,000 in equity
Reached in year 5
$250,000 in equity
Not reached within 10 years
| Year | Home value | Loan balance | Loan paid down | Value rise | Equity |
|---|---|---|---|---|---|
| 1 | $338,000 | $310,408 | $3,217 | $13,000 | $27,592 |
| 2 | $351,520 | $306,961 | $6,664 | $26,520 | $44,559 |
| 3 | $365,581 | $303,266 | $10,359 | $40,581 | $62,315 |
| 4 | $380,204 | $299,306 | $14,319 | $55,204 | $80,898 |
| 5 | $395,412 | $295,062 | $18,563 | $70,412 | $100,350 |
| 6 | $411,229 | $290,513 | $23,112 | $86,229 | $120,715 |
| 7 | $427,678 | $285,638 | $27,987 | $102,678 | $142,040 |
| 8 | $444,785 | $280,413 | $33,212 | $119,785 | $164,372 |
| 9 | $462,576 | $274,813 | $38,812 | $137,576 | $187,763 |
| 10 | $481,079 | $268,812 | $44,813 | $156,079 | $212,268 |
Educational estimate only — not a guarantee, loan approval, or rate quote. Home values can go down as well as up, and past Florida averages don't predict the future. Figures don't include selling costs, maintenance, or repairs. Talk with a licensed loan officer about your situation.