  If a homeowner kept their home with a $500,000 mortgage for 30 years, but waited to buy after rates went to 10%,
they would pay the bank an extra $1,704 each month or $1,704/month × 360 months = $613,440.
Why pay the bank extra?
  If a homeowner kept their home with a $500,000 mortgage for 30 years, but waited to buy after rates went to 10%,
they would pay the bank an extra $1,704 each month or $1,704/month × 360 months = $613,440.
Why pay the bank extra?