How to use the first-time homebuyer savings calculator
The United States has no housing subscription system. New homes are not allocated by a national lottery or a points score tied to a dedicated savings passbook, so there is no U.S. account that earns priority for a new build the way a Korean subscription deposit does. What does exist in a number of states is a first-time homebuyer savings account, which gives a state income tax deduction or subtraction on money you set aside for a down payment and closing costs.
This calculator projects that account. Enter your current balance, your monthly contribution, how long you plan to keep saving and an expected annual return, and it compounds the balance monthly. It then applies the annual deduction cap you enter and your state marginal rate to estimate the state tax you would save each year, and shows how many months it takes to reach a target down payment.
Figures are on a 2026 basis. Program rules are set state by state: the deduction cap, the maximum account balance, who counts as a first-time buyer and the penalty for non-qualified withdrawals all differ, and several states have no program at all. Treat the results as a planning estimate rather than a tax figure, confirm the current cap and rate with your state department of revenue, and check any federal treatment with a tax professional.
Frequently asked questions
No. There is no nationwide lottery or points-based new-home subscription system in the United States, so no savings account earns priority for a new build. The closest equivalent is a state first-time homebuyer savings account, which offers a state tax break on money set aside for a down payment.
No. Only some states offer a first-time homebuyer savings account, and the annual deduction cap, contribution limits and holding rules differ by state. Enter your own state's cap and marginal rate, and confirm the current figures with your state department of revenue.