What if you spent $15K less on the wedding and put it toward a down payment? Shows compound impact over 5-10 years.
What if you spent a little less on the wedding and put it toward a home?
This is the amount you'd spend less on the wedding
Here's what I'd tell a friend
This isn't about having a lesser wedding — it's about knowing the trade-off. That $15,000 saves $95/month on your mortgage. Over 10 years, that's money working for your future instead of one night. Could you cut the guest list or DIY the flowers to find that savings?
Reduced wedding budget
$20,000
Down from $35,000
Monthly mortgage savings
$95/mo
Lower payment from the bigger down payment
Total interest saved
$19,132
Over the life of a 30-year mortgage
New down payment
9.3%
Up from 5.0%
Monthly PMI savings
$9/mo
Private mortgage insurance eliminated or reduced
Equity value in 10 years
$22,204
Assuming 4.0% annual home appreciation
If invested instead (10 years)
$29,507
At 7.0% average annual return
The Money Friend
Redirecting $15,000 would lower your mortgage by $95/month
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This calculator provides estimates for informational purposes only and does not constitute financial advice. Actual costs may vary based on your creditworthiness, location, and lender. Consult a licensed financial advisor or mortgage professional before making financial decisions.
Interest rates, payments, and loan terms shown are examples for illustration purposes only and do not represent an offer to lend, a commitment to make a loan, or a guarantee of any specific rate or term. Actual rates and terms are determined by lenders based on your individual credit profile and may differ from examples shown.
Past performance and historical data do not guarantee future results. Equal Housing Opportunity.