Property Comparison
Current Home
Dream Home
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 Disclaimer: These property and loan scenarios are for demonstration purposes only and in no way guarantee what actual payments or results may be. The interest rates are subject to change. The forecasts and projections for waiting to purchase are not a guarantee. Actual results may vary.
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Property Summaries
Current Home
Dream Home
$4,745 Annual Property Taxes $190 Monthly Home Insurance
$7,300 Annual Property Taxes $292 Monthly Home Insurance
$650,000 San Diego, CA 1 Loan Option
$1,000,000 San Diego, CA 1 Loan Option
Current Loan
Dream Loan
Loan Amount
$400,000
$800,000
Term
30 years
30 years
Down Payment
$250,000
$200,000
Rate
3.25%
3.25%
APR %
3.275%
3.355%
Annual Prin. & Interest (Year 1)
$20,890
$41,780
Monthly Prin. & Interest (Start)
$1,741
$3,482
Total Monthly Expenses
$2,326
$4,382
Total Annual Expenses
$27,915
$52,584
Closing Cost
$0
$10,000
Total Cash to Close
$250,000
$210,000
Fixed/ARM
Conv. Fixed
Conv. Fixed
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Lowest Cost Loan Snapshot (Year 10) Average Residency in a Home According to National Association of Realtors is 10 years
200k
400k 350k 300k Net Cost in $
Net Cost in $
150k
100k
50k
250k 200k 150k 100k 50k
0
0
400k 350k
Net Cost in $
300k 250k 200k 150k 100k 50k 0 Years
Current Loan
Dream Loan
Loan
Year 8
Year 9
Year 10
Year 11
Year 12
Current Home (Current Loan)
$152,234
$169,738
$186,898
$203,704
$220,143
Dream Home (Dream Loan)
$288,499
$320,261
$351,336
$381,702
$411,334
Included Costs Closing Costs Interest Cost of Points
Current Loan
Dream Loan
$0
$10,000
$116,648
$233,296
$0
$0
Property Tax
$47,450
$73,000
Home Insurance
$22,800
$35,040
Mort. Insurance
$0
$0
$186,898
$351,336
$0
$164,438
Total Diff. vs. Lowest Cost
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Total Equity (Year 10) 2M
Value ($)
1.5M
1M
500k
0
Total Equity Gained 1.6M 1.4M
Value ($)
1.2M 1M 800k 600k 400k 200k 0
Appreciation Property Name Loan Appreciation Equity from Amort. Total Equity Difference
Down Payment
Equity from Amort.
Current Home
Dream Home
Current Loan
Dream Loan
$745,754
$1,127,843
$93,082
$186,164
$838,836
$1,314,007
$475,171
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