Cost of Waiting Analysis

Property Value Loan Amount Down Payment Rate APR %

Total Cash to Close (with Points and Down Payment)

Monthly Prin. & Interest (Start) Annual Prin. & Interest (Year 1) Total Monthly Expenses (PITI) Total Annual Expenses (PITI)

Cost of Waiting on 350000 20% Down My Property ($350,000)

Travis County, TX

Loan Today

(350000 20% Down )

$350,000 $280,000 $70,000 4.75% 4.976%

Waiting 1 year

$371,000 $301,000 $70,000 5.25% 5.462%

Waiting 2 years

6.00%

$393,260 $323,260 $70,000 5.5% 5.697%

$76,000

$76,000

$76,000

$1,461

$1,662

$1,835

$17,527

$19,946

$22,025

$2,048

$2,279

$2,483

$24,576

$27,344

$29,794

(Forecast based on MBA/Custom Mortgage Rate & MBS Highway Home Value Projections)

12.36%

Compared to 350000 20% Down Today Loss of monthly cash flow

Annual loss in cash flow

Cost of Waiting Analysis

(350000 20% Down )

Waiting 1 year $231 $2,768

Waiting 2 years $435 $5,218

Loss in Property Appreciation

$21,000

$43,260

Amortization Lost

$4,321

$8,851

Total Cost of Waiting

$25,321

$52,111

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.

Highlands Residential Mortgage, Ltd is located at 12001 North Central Expressway Suite 750, Dallas, Texas 75243. Highlands Residential Mortgage, Ltd. (NMLS Identifier #134871, ) is a Texas limited liability company registered under The Texas Department of Savings and Mortgage Lending Division of Licensing and operates with the following licenses: AL Consumer Credit License #21266; AK Mortgage Banker License #109369; CA DBO Residential Mortgage Lending Act License #4131240; CO licensing regulated by the Division of Real Estate; CD Mortgage Lender License #MLB134871; FL Mortgage Lender Licensed #MLD968; Georgia Mortgage Lender License #37908; Illinois Residential Mortgage Licensee #MB.6761013; IN DFI First Lien Mortgage Lending License #30529; Indiana DFI Subordinate Lien Mortgage Lending license #30528; Kansas licensed mortgage company #MC.0025127; MD Mortgage Lender License #06-20712; Missouri Company Registrations #14-2132-A; Nebraska Mortgage Banker License #NE134871; NM Mortgage loan Company License; NC Mortgage Lender License L-157614; ND Money Broker License #MB102248; OK Mortgage Broker License #MB002229 and Mortgage Lender License #ML010007; TN Mortgage License #115557; VG Broker License #MC-6839 and Lender License MC-5729; Washington Consumer Loan Company License CL-134871; This is not an offer for extension of credit or a commitment to lend. All loans must satisfy company underwriting guidelines.

Powered By MBS Highway

$ Lost to Waiting

Additional $ per Month

Losses from Appreciation and Amortization

80k 70k 60k 50k 40k 30k 20k 10k

0

Total Cost

Amort. Lost

Appr. Lost

Loss in Cashflow

Waiting 2 years Waiting 1 year

$0 more required $0 more required

See how much more cash you will need to bring to the closing table in order to close 1, 2 and 3 years later. The cost increase 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.

Monthly

Annual

If the home you are looking to purchase appreciates and rates increase, you could be paying much more if you wait 1, 2 or 3 years. The chart below shows how much more, on a monthly and annual basis, you will have to pay.

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