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Example Home Purchase
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Understand the Cost of Waiting
Waiting could save you monthly but it will cost you thousands more over the life of the loan.
Years to Recapture
Lost Equity
10 Years
Principal paid in Year 1
$0
Extra down payment later
$0
Lost Equity & Down Pmt
$0
Lost Equity and
Down
Payment
$0
| Buy Now | Buy Later | Change | |
|---|---|---|---|
| Purchase Price | $500,000 | $530,000 | ↑ $30,000 |
| Down Payment | $50,000 | $53,000 | ↑ $3,000 |
| Loan Amount | $450,000 | $477,000 | ↑ $27,000 |
| Loan Payment i Monthly payment based on a 30-year fixed-rate mortgage. | $3,070 | $2,784 | ↓ $-286 |
| Average Fees i Typical closing costs, origination fees, and other expenses associated with obtaining a mortgage. | $5,625 | $5,963 | ↑ $338 |
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Rate Change (Future – Today)
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Today's rate:
7.25% Future rate: 5.75% Change: -1.50% lower |
7.25% | 5.75% | ↓ -1.5% |
| Estimated APR | 7.454% | 6.332% | ↓ -1.122% |
Values are for illustration purposes only.
Disclaimer
This calculator is intended for educational purposes only. All figures are estimates based on borrower-provided inputs and do not represent a formal loan offer. Actual results may vary. For personalized information based on your situation, please speak directly with your loan advisor.