Rewards Calculator

See How Much You Save

Estimate your upfront cost reduction with Next Wave's DPA, cash rebate, and rewards programs.

Scroll to calculate

Home Purchase Price

Loan Program

Seller Credit

FHA Minimum Down Payment: 3.5% ($10,500)

Your Next Wave Rewards

6% Back

Down Payment Assistance

$15,000

5% of purchase price

Cash Rebate

$3,000

1% of purchase price

Cost Breakdown

With NWWithout

FHA Down Payment (3.5%)$10,500$10,500

Closing Costs (3%)$9,000$9,000

Down Payment Assistance (5%)-$15,000—

Cash Rebate (1%)-$3,000—

Cash to Close$1,500$19,500

Cash to Close Comparison

With Next Wave

$1,500

0.5%

Without Next Wave

$19,500

6.5%

Where Your Money Goes

With Next Wave Mortgage

Cash to Close

Cash Rebate

DPA

Your Total Savings

$18,000

less to close with Next Wave vs. going elsewhere

Ready? Get Pre-Approved

Disclaimer — Rewards Calculator is for educational, estimation and illustrative purposes only. The estimates are based on information you provide. Qualification may require additional information. Please consult with a licensed mortgage professional for personalized advice and information regarding your specific scenario. This is not a commitment to lend.