should you wait a few more years to save
up for a big down payment?
or is it smarter to buy right now?
Waiting to save 20% down can mean a smaller monthly
mortgage payment when you do buy, but the rent
payments you make during that time don’t build equity –
and you can’t predict how interest rates, home prices and
housing availability will change while you save.
But how do you figure out what makes sense for you? Don’t worry; we made a calculator for that. With a little info about your current rent and savings, plus some guesses about the home you might want to buy, you can explore your financial options.