Saxon Asset Securities Trust (SAST) 2004-3 - Price/Yield - M4
	KBC


Balance	$16,650,000.00	Delay	0
		Dated	10/27/2004
Settle	10/27/2004	First Payment	11/25/2004



WAL	9.38	10.70	10.26	11.31
Principal Writedown	2,500.39 (0.02%)	9,451.79 (0.06%)	3,831.18 (0.02%)	2,385.90 (0.01%)
Total Collat Loss (Collat Maturity)	109,414,348.35 (12.16%)	113,882,535.32 (12.65%)	83,718,543.57 (9.30%)	85,910,064.48 (9.55%)
Total Collat Liquidation (Collat Maturity)	271,465,625.53 (30.16%)	161,393,732.15 (17.93%)	207,749,906.14 (23.08%)	121,787,858.19 (13.53%)

Prepay	100 PricingSpeed	100 PricingSpeed	100 PricingSpeed	100 PricingSpeed
Default	13.842 CDR	7.38 CDR	9.921 CDR	5.361 CDR
Loss Severity	40%	70%	40%	70%
LIBOR	FWD	FWD	FWD +200	FWD +200
Servicer Advances	100%	100%	100%	100%
Liquidation Lag	12	12	12	12
Triggers	FAIL	FAIL	FAIL	FAIL
Optional Redemption	Call (N)	Call (N)	Call (N)	Call (N)

Saxon Asset Securities Trust (SAST) 2004-3 - Price/Yield - B3
	KBC


Balance	$10,800,000.00	Delay	0
		Dated	10/27/2004
Settle	10/27/2004	First Payment	11/25/2004



WAL	12.06	12.91	13.10	13.65
Principal Writedown	8,052.69 (0.07%)	21,091.81 (0.20%)	713.79 (0.01%)	33,047.23 (0.31%)
Total Collat Loss (Collat Maturity)	59,710,663.00 (6.63%)	62,684,758.76 (6.96%)	33,662,750.53 (3.74%)	34,902,491.74 (3.88%)
Total Collat Liquidation (Collat Maturity)	148,075,871.65 (16.45%)	88,808,821.51 (9.87%)	83,496,566.83 (9.28%)	49,464,201.41 (5.50%)

Prepay	100 PricingSpeed	100 PricingSpeed	100 PricingSpeed	100 PricingSpeed
Default	6.687 CDR	3.8 CDR	3.551 CDR	2.042 CDR
Loss Severity	40%	70%	40%	70%
LIBOR	FWD	FWD	FWD +200	FWD +200
Servicer Advances	100%	100%	100%	100%
Liquidation Lag	12	12	12	12
Triggers	FAIL	FAIL	FAIL	FAIL
Optional Redemption	Call (N)	Call (N)	Call (N)	Call (N)

SAXON ASSET SECURITIES CO 8-K