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FRC Research · Hidden Cost Analysis

What did your denial
actually cost you?

The lender said no. But the real cost isn't the rejection — it's everything that follows. Rate lock. Time. Credit. Opportunity. Calculate it.

Your loan
Time cost
Typical: 6-12 weeks between denial and new approval
Gross income ÷ 2080 hours
Gathering docs, calls, new application
Extra rent if you had to stay longer
Rate & market cost
If rates moved during the delay
Lock extension or new lock cost
Transaction costs
Opportunity cost
Positive = home got more expensive
Total hidden cost of your denial
$0
Cost breakdown

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Rate cost methodology: rate differential × loan amount × 30-year present value factor. Time cost: hours × hourly rate. Temporary housing: monthly cost × (weeks lost / 4.3). Opportunity cost: home price change + rent paid during delay. All inputs user-supplied. This is a cost estimation tool — not financial advice.

Related: Find your second door →  |  Was it a Shadow Approval? →
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FinanceRateCalc · Independent analysis of the complete federal HMDA record · Measured, not assumed. · No lender or AI vendor funds or previews this work.