Russ Schreier NMLS #219800 Point Mortgage Vice President Sales russ@pointmtg.com Cell: 858.945.6790 2421 Fenton Street Suite A Chula Vista, CA 91914 https://www.pointmtg.com/russschreier/
Cost of Waiting ($800,000) San Diego County, CA Loan Today
Waiting 6 months
Waiting 1 year
Waiting 2 years
Waiting 3 years
New Home
New Home
New Home
New Home
New Home
Property Value
$800,000
$818,472
$839,028
$889,328
11.17% $943,340 17.92%
Loan Amount
$772,000
$789,825
$809,662
$858,202
$910,323
Term
30 years
30 years
30 years
30 years
30 years
Down Payment
$28,000
$28,647
$29,366
$31,126
$33,017
Rate
6.5%
6.5%
6.5%
6.5%
6.5%
APR %
7.567%
7.563%
7.561%
7.553%
7.547%
Fixed/ARM
FHA Fixed
FHA Fixed
FHA Fixed
FHA Fixed
FHA Fixed
Mortgage Insurance
$483
$494
$507
$537
$570
(FHA)
Property Name
2.31%
4.88%
Appreciation of Property
Payments Over Time Payment per Month ($)
Property Value($)
1M 950k 900k 850k 800k 750k Now
6 months
Year 1
Year 2
7.5k
7k
6.5k
6k
Year 3
Now
6 months
Waiting Period
Year 1
Year 2
Year 3
Waiting Period
Cost of Waiting Analysis Compared to FHA Today
Waiting 6 months
Waiting 1 year
Waiting 2 years
Waiting 3 years
Payment Difference
$124
$262
$599
$961
Annual loss in cash flow
$1,484
$3,145
$7,186
$11,536
Loss in Property Appreciation
$18,472
$39,028
$89,328
$143,340
Amortization Lost
$4,245
$8,629
$17,836
$27,659
$22,717
$47,657
$107,164
$170,999
Total Cost of Waiting
How much will it cost you to wait 1, 2 or 3 years? These charts compare all of the costs and payments if you were to take out your loan today, versus 1, 2 and 3 years. The Property value changes are based on the MBS Highway forecasts for each county, but can be adjusted. The Interest Rate changes are based on the MBA forecasts, but can also be changed. The down payment amount assumes that you will want to keep the same LTV, so if the home price increases in the future, the down payment will increase accordingly.
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