	Home "A" Purchased in Year 2000					Home "B" Purchased in Year 2010

Year	Market Value	5% Annual Value Increase	Year-End Market Value	Mortgage Balance	Equity	Purchase	5% Annual Value Increase	Year-End Market Value	Mortgage Balance	Equity

2010	175,000	8,750	183,750	257,120	-73,370	175,000	8,750	183,750	166,383	17,367
2011		9,188	192,938	251,819	-58,881		9,188	192,938	163,764	29,174
2012		9,647	202,585	246,247	-43,662		9,647	202,585	161,011	41,574
2013		10,129	212,714	240,388	-27,674		10,129	212,714	158,118	54,596
2014		10,636	223,350	234,231	-10,881		10,636	223,350	155,076	68,274
2015		11,168	234,518	227,758	6,760		11,168	234,518	151,878	82,640
2016		11,726	246,244	220,954	25,290		11,726	246,244	148,517	97,727

	7-Year Cash Flow						7-Year Cash Flow
84 monthly P&I payments of $1,503					-126,252	84 monthly P&I payments of $907				-76,188
						3.5% down payment for FHA loan				-6,125
Sales price (at market above)				246,244		Sales price (at market above)			246,244
Payoff mortgage				-220,954		Payoff mortgage			-148,517
Total selling costs @7%				-17,237		Total selling costs @7%			-17,237
Net proceeds from sale					8,053	Net proceeds from sale				80,490

Net 7-year cash outflow					-118,199	Net 7-year cash outflow				-1,823

Assumptions - this schedule shows the cash opportunity lost by waiting to sell an existing
home until the value of the home equals the existing debt and the costs to sell:
1) Personal residence was purchased in 2000 for $150,000 with no down payment. In 2005, the market value
increased to $350,000. At that time the home was refinanced for $280,000. In 2010, the value of the home
declined to $175,000.
2) A personal residence "B" comparable to residence "A" was purchased in 2010 at approximate market value.