Posted By nhgeo1 on 16 Mar 2011 08:09 PM
That is what we did in our basement. We had 2" rigid foam board glued to the foundation, and then built 2x4 stud walls. I also put in fiberglass batts for added measure. We just finished off half of it for the kids playroom.
2" " of XPS and a studwall with
UNFACED R11-R13 batts delivers a very nice, cheap R20 wall. That might be overkill in the southern US, but about right for zones 5 & above.
But you need to be sure to not use goods with facers (even kraft facers) below grade, since the assembly has to dry toward the interior. See the discussions for Case 4 and Case 8 in this document:
http://www.buildingscience.com/...y-analysis