buy now vs. wait calculator

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.

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