Buy today vs. wait and buy later
Buy today
Wait and buy later
| Item | Buy today | Wait | Difference (wait − today) |
|---|
What could waiting really cost?
These five figures measure different things. Don't add them together. Rent is a housing cost, but owning has costs too (interest, taxes, insurance, upkeep), and equity is net worth, not spendable cash.
Where would you stand after waiting?
| At the end of the wait | A. Bought today | B. Kept renting |
|---|
How low would rates need to go?
The numbers, visually
What your numbers are saying
Save or share your comparison
Download PDF opens your browser's print window. Choose "Save as PDF" as the destination.
Want to compare your actual numbers?
Every purchase is different. If you'd like help reviewing your options, I can walk through the numbers with you.
Educational estimates only. Results are estimates for educational purposes only and are based on assumptions entered by the user. Mortgage rates, property values, taxes, insurance, financing costs, and market conditions may change. Results are not a loan estimate, credit decision, commitment to lend, or guarantee of future financial performance. Actual loan terms and qualification requirements vary.
Property taxes are estimated from the purchase price. In California, assessed values, special assessments, and Mello-Roos can make actual tax bills differ. Mortgage insurance is a simplified estimate; actual PMI, FHA MIP, VA funding fees, and other program costs vary. This tool does not calculate an APR. Insurance in the wait scenario is assumed to scale with the home price. Maintenance is an ownership cost and is not part of the monthly payment.
Equal Housing Opportunity.