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If the Rate Goes Up

If the Rate Goes Up calculates the increased payment required that a rise in interest rate could cause.

If the Rate Goes Up calculates the increased payment required that a rise in interest rate could cause.

Script - “I can certainly appreciate you wanting to think it over.  However, I do want you to know that if the interest rate rises by ½% while you’re waiting to think it over, the payment on this mortgage would go up $XX.xx each and every month to live in the very same home.  Would you mind sharing exactly what it is that you want to think over?”