Cost of Waiting ($550,000) San Diego County, CA Loan Today
Waiting 6 months
Waiting 1 year
Waiting 2 years
Waiting 3 years
My Property
My Property
My Property
My Property
My Property
Property Value
$550,000
$577,870
$611,892
$643,006 16.91%
$674,294 22.60%
Loan Amount
$495,000
$520,083
$550,703
$578,705
$606,865
Term
30 years
30 years
30 years
30 years
30 years
Down Payment
$55,000
$57,787
$61,189
$64,301
$67,429
Rate
3.25%
3.25%
3.625%
3.875%
4.375%
APR %
4.084%
4.074%
4.46%
4.715%
5.235%
Fixed/ARM
FHA Fixed
FHA Fixed
FHA Fixed
FHA Fixed
FHA Fixed
Mortgage Insurance
$330
$347
$367
$386
$405
(New Loan)
Property Name
5.07%
11.25%
(Forecast based on MBA Mortgage Rate & MBS Highway Home Value Projections)
Appreciation of Property
Payments Over Time Payment per Month ($)
Property Value($)
700k 650k 600k 550k 500k Now
6 months
Year 1
Year 2
4k
3.5k
3k
2.5k
Year 3
Now
6 months
Waiting Period
Year 1
Year 2
Year 3
Waiting Period
Cost of Waiting Analysis Compared to New Loan Today
Waiting 6 months
Waiting 1 year
Waiting 2 years
Waiting 3 years
Payment Difference
$125
$394
$622
$950
$1,502
$4,731
$7,464
$11,397
Loss in Property Appreciation
$27,870
$61,892
$93,006
$124,294
Amortization Lost
$4,915
$9,911
$20,148
$30,723
$32,785
$71,803
$113,154
$155,017
Annual loss in cash flow
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.
Point Mortgage Corporation is licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act. 2421 Fenton Street, Suite A, Chula Vista, CA 91914. NMLS ID #231073 (www.pointmtg.com). +1 619.475.4095. Point Mortgage Corporation and Coldwell Banker West are affiliated companies with common ownership and any other real estate companies showcased are not affiliated nor share common ownership. You are free to shop around for the best price and are not obligated to use the services of one or the other. Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. Programs, rates, terms, and conditions are subject to change and are subject to borrower(s) qualification. This is not a commitment to lend.
Powered By MBS Highway Loan and monthly payment buying scenarios used for informational purposes only and may not be specific to your situation. Rates expressed may not be available at this time. This document should not be construed as investment or mortgage advice or a commitment to lend. Your results may vary. There are no guarantees, promises, representations and/or assurances concerning the level of accuracy you may experience. For actual and current terms and rate information, please contact your lender directly. APR of 4.084% assumes a 3.25% simple fixed interest rate assuming $2,000 in fees included in APR. Monthly principal and interest payment based on a fully amortizing fixed interest loan of $495,000 with 360 monthly payments at the assumed simple interest rate (Current as of 8/30/2021). *Lender is not a tax consultation firm. Please seek advice from a tax professional. MLS Data provided by Listing Booster. Monthly expenses may or may not include condominium or HOA fees, if applicable; your payment may be greater.
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