4
Jackie Bulava Draper & Kramer Mortgage Corp. Mortgage Advisor [email protected] NMLS #200560 Office: 708.383.2280 224 S Marion St Oak Park, IL 60302 David Bulava The Dave Bulava Group at Keller Williams Premiere Properties Broker [email protected] License #475.148803 Office: 630.529.0022 45 S Park Blvd Suite 300 Glen Ellyn, IL 60137 https://www.davebulava.com 6305290022 DuPage County, IL Cost of Waiting on 5% down $300,000 ($300,000) Loan Today (5% down) Waiting 6 months Waiting 1 year Waiting 2 years Waiting 3 years Property Value $300,000 $303,341 $306,720 $318,283 $331,683 Loan Amount $285,000 $288,174 $291,384 $302,369 $315,099 Down Payment $15,000 $15,167 $15,336 $15,914 $16,584 Rate 4.125% 4.625% 4.625% 4.875% 5.125% APR % 4.591% 5.135% 5.145% 5.451% 5.760% Mortgage Insurance $97 $98 $99 $103 $107 Total Cash to Close (with Points and Down Payment) $18,745 $18,912 $19,081 $19,659 $20,329 Monthly Prin. & Interest (Start) $1,381 $1,482 $1,498 $1,600 $1,716 Annual Prin. & Interest (Year 1) $16,575 $17,779 $17,977 $19,202 $20,588 Total Monthly Expenses (PITI) $2,111 $2,218 $2,242 $2,368 $2,511 Total Annual Expenses (PITI) $25,329 $26,617 $26,899 $28,417 $30,137 1.11% 2.24% 6.09% 10.56% (Forecast based on MBA Mortgage Rate & MBS Highway Home Value Projections) 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. Cost of Waiting Analysis (5% down) Compared to 5% down Today Waiting 6 months Waiting 1 year Waiting 2 years Waiting 3 years Loss of monthly cash flow $107 $131 $257 $401 Annual loss in cash flow $1,288 $1,570 $3,088 $4,808 Loss in Property Appreciation $3,341 $6,720 $18,283 $31,683 Amortization Lost $2,430 $4,911 $10,028 $15,361 Total Cost of Waiting $5,772 $11,631 $28,312 $47,044 Draper and Kramer Mortgage Corp. (IL:MB.0004263 NMLS:2551) an Illinois Residential Mortgage Licensee located at 1431 Opus Place, Suite 200, Downers Grove, IL 60515. Telephone 630-376-2100. (www.nmlsconsumeraccess.org). This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates, and programs are subject to change without prior notice. All products are subject to credit and property approval. Not all products are available in all states or for all dollar amounts. Other restrictions and limitations apply, contact your Draper and Kramer Mortgage Corp. representative to learn more and find out if you qualify. © 2019 Draper and Kramer Mortgage Corp. All Rights Reserved. Loan and monthly payment buying scenarios used for informational purposes only and does not reflect actual terms of loan offered. 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 4.591% assumes a 4.125% 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 $285,000 with 360 monthly payments at the assumed simple interest rate. Powered By MBS Highway

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Page 1: Cost of Waiting on 5% down $300,000 ($300,000) fileLosses from Appreciation and Amortization 0 10k 20k 30k 40k 50k 60k 70k $ Lost to Waiting Total Cost Amort. Lost Appr. Lost See how

Jackie BulavaDraper & Kramer Mortgage Corp.Mortgage [email protected] #200560Office: 708.383.2280224 S Marion StOak Park, IL 60302

David BulavaThe Dave Bulava Group at Keller Williams Premiere Properties

[email protected]

License #475.148803Office: 630.529.0022

45 S Park BlvdSuite 300

Glen Ellyn, IL 60137https://www.davebulava.com

6305290022

DuPage County, IL

Cost of Waiting on 5% down $300,000 ($300,000)

Loan Today(5% down)

Waiting 6 months Waiting 1 year Waiting 2 years Waiting 3 years

Property Value $300,000 $303,341 $306,720 $318,283 $331,683

Loan Amount $285,000 $288,174 $291,384 $302,369 $315,099

Down Payment $15,000 $15,167 $15,336 $15,914 $16,584

Rate 4.125% 4.625% 4.625% 4.875% 5.125%

APR % 4.591% 5.135% 5.145% 5.451% 5.760%

Mortgage Insurance $97 $98 $99 $103 $107

Total Cash to Close (with Points and Down Payment)

$18,745 $18,912 $19,081 $19,659 $20,329

Monthly Prin. & Interest (Start)

$1,381 $1,482 $1,498 $1,600 $1,716

Annual Prin. & Interest (Year 1)

$16,575 $17,779 $17,977 $19,202 $20,588

Total Monthly Expenses (PITI)

$2,111 $2,218 $2,242 $2,368 $2,511

Total Annual Expenses (PITI)

$25,329 $26,617 $26,899 $28,417 $30,137

1.11% 2.24% 6.09% 10.56%

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

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.

Cost of Waiting Analysis(5% down)

Compared to 5% down Today Waiting 6 months Waiting 1 year Waiting 2 years Waiting 3 years

Loss of monthly cash flow $107 $131 $257 $401

Annual loss in cash flow $1,288 $1,570 $3,088 $4,808

Loss in Property Appreciation $3,341 $6,720 $18,283 $31,683

Amortization Lost $2,430 $4,911 $10,028 $15,361

Total Cost of Waiting $5,772 $11,631 $28,312 $47,044

Draper and Kramer Mortgage Corp. (IL:MB.0004263 NMLS:2551) an Illinois Residential Mortgage Licensee located at 1431 Opus Place, Suite 200, Downers Grove, IL 60515. Telephone 630-376-2100. (www.nmlsconsumeraccess.org). This is not an

offer to enter into an agreement. Not all customers will qualify. Information, rates, and programs are subject to change without prior notice. All products are subject to credit and property approval. Not all products are available in all states or for all dollar

amounts. Other restrictions and limitations apply, contact your Draper and Kramer Mortgage Corp. representative to learn more and find out if you qualify. © 2019 Draper and Kramer Mortgage Corp. All Rights Reserved.

Loan and monthly payment buying scenarios used for informational purposes only and does not reflect actual terms of loan offered. 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 4.591% assumes a 4.125% 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 $285,000 with 360 monthly payments at the assumed simple interest rate.

Powered By MBS Highway

Page 2: Cost of Waiting on 5% down $300,000 ($300,000) fileLosses from Appreciation and Amortization 0 10k 20k 30k 40k 50k 60k 70k $ Lost to Waiting Total Cost Amort. Lost Appr. Lost See how

Losses from Appreciation and Amortization

0

10k

20k

30k

40k

50k

60k

70k

$ L

ost

to W

aiti

ng

Total Cost Amort. Lost Appr. Lost

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.

Waiting 3 years $1,584 more required

Waiting 2 years $914 more required

Waiting 1 year $336 more required

Waiting 6 months $167 more required

Loss in Cashflow

Ad

dit

iona

l $ p

er M

onth

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.

Page 3: Cost of Waiting on 5% down $300,000 ($300,000) fileLosses from Appreciation and Amortization 0 10k 20k 30k 40k 50k 60k 70k $ Lost to Waiting Total Cost Amort. Lost Appr. Lost See how

Jackie BulavaDraper & Kramer Mortgage Corp.Mortgage [email protected] #200560Office: 708.383.2280224 S Marion StOak Park, IL 60302

David BulavaThe Dave Bulava Group at Keller Williams Premiere Properties

[email protected]

License #475.148803Office: 630.529.0022

45 S Park BlvdSuite 300

Glen Ellyn, IL 60137https://www.davebulava.com

6305290022

DuPage County, IL

Cost of Waiting on 20% down 300,000 ($300,000)

Loan Today(20% down)

Waiting 6 months Waiting 1 year Waiting 2 years Waiting 3 years

Property Value $300,000 $303,341 $306,720 $318,283 $331,683

Loan Amount $240,000 $242,673 $245,376 $254,626 $265,346

Down Payment $60,000 $60,668 $61,344 $63,657 $66,337

Rate 4.125% 4.625% 4.625% 4.875% 5.125%

APR % 4.306% 4.806% 4.804% 5.048% 5.291%

Total Cash to Close (with Points and Down Payment)

$63,745 $64,413 $65,089 $67,402 $70,082

Monthly Prin. & Interest (Start)

$1,163 $1,248 $1,262 $1,348 $1,445

Annual Prin. & Interest (Year 1)

$13,958 $14,972 $15,139 $16,170 $17,337

Total Monthly Expenses (PITI)

$1,796 $1,886 $1,906 $2,012 $2,134

Total Annual Expenses (PITI)

$21,548 $22,633 $22,872 $24,149 $25,602

1.11% 2.24% 6.09% 10.56%

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

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.

Cost of Waiting Analysis(20% down)

Compared to 20% down Today Waiting 6 months Waiting 1 year Waiting 2 years Waiting 3 years

Loss of monthly cash flow $90 $110 $217 $338

Annual loss in cash flow $1,085 $1,324 $2,602 $4,054

Loss in Property Appreciation $3,341 $6,720 $18,283 $31,683

Amortization Lost $2,046 $4,136 $8,445 $12,935

Total Cost of Waiting $5,388 $10,856 $26,728 $44,618

Draper and Kramer Mortgage Corp. (IL:MB.0004263 NMLS:2551) an Illinois Residential Mortgage Licensee located at 1431 Opus Place, Suite 200, Downers Grove, IL 60515. Telephone 630-376-2100. (www.nmlsconsumeraccess.org). This is not an

offer to enter into an agreement. Not all customers will qualify. Information, rates, and programs are subject to change without prior notice. All products are subject to credit and property approval. Not all products are available in all states or for all dollar

amounts. Other restrictions and limitations apply, contact your Draper and Kramer Mortgage Corp. representative to learn more and find out if you qualify. © 2019 Draper and Kramer Mortgage Corp. All Rights Reserved.

Loan and monthly payment buying scenarios used for informational purposes only and does not reflect actual terms of loan offered. 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 4.306% assumes a 4.125% 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 $240,000 with 360 monthly payments at the assumed simple interest rate.

Powered By MBS Highway

Page 4: Cost of Waiting on 5% down $300,000 ($300,000) fileLosses from Appreciation and Amortization 0 10k 20k 30k 40k 50k 60k 70k $ Lost to Waiting Total Cost Amort. Lost Appr. Lost See how

Losses from Appreciation and Amortization

0

10k

20k

30k

40k

50k

60k

70k

$ L

ost

to W

aiti

ng

Total Cost Amort. Lost Appr. Lost

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.

Waiting 3 years $6,337 more required

Waiting 2 years $3,657 more required

Waiting 1 year $1,344 more required

Waiting 6 months $668 more required

Loss in Cashflow

Ad

dit

iona

l $ p

er M

onth

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.