First-time homebuyers successfully bought over $100M worth of homes last year with our help.
See what you can afford
How can we help you buy a home?
Nestment is free to use for groups! Nestment does not cover a group's legal fees or partner fees if a group uses a third party in our partner ecosystem.
Nestment acts as a referring broker and is not the main broker.
Nestment does not own the properties on the platform. These listings come from regional MLS boards.
Most co-ownership platforms let you passively purchase fractions of homes, like you would stocks. Instead of chopping up homes for random investors, we focus on facilitating real home ownership between groups of family and friends.
Home Affordability Calculations
These calculations utilize the Fannie Mae multifamily home loan program to put a 5% down payment for a 30 year fixed mortgage at a 6.5% interest rate (rates subject to market conditions) on a triplex property.
Home Price
The total down payment available is calculated by multiplying the down payment amount by the total number of co-buyers in the group. The home price is then calculated by dividing the total down payment amount by 0.05 to simulate a 5% down payment. If the amount is greater than the max triplex loan limit of $1,033,000 then that limit amount is used. Higher loan limits do exist for quadplexes.
Equity Growth
The equity growth is calculated by dividing the pro rata projected equity value in the home in 5 years by each member’s down payment amount. The projected 5 year equity value factors in the home locality’s forecasted appreciation along with the principal contribution portion of each monthly mortgage payment. The return is significantly higher than the projected appreciation of the home because it is calculated relative to the down payment amount, which makes for a more accurate measure of return on initial investment.
Monthly Cost
The monthly cost is calculated by subtracting the monthly mortgage amount from the city's projected median rent for a 3 bed unit, and dividing by the group size. This assumes one unit is occupied by the buyer and the remainder are rented out.
For further customizations or personalization, please book a free call with a Nestment team member.
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