Cost of Waiting to Buy

What waiting to buy really costs — rising prices, rates, and rent.

Buying

Home price today$450,000

Down payment20%

Mortgage rate today6.5%

Loan term30 yrs

Home appreciation3%/yr

Rate change when you buy+0%

Monthly rent$2,200

Rent growth3%/yr

Years to wait2 yrs

Time horizon12 yrs

Waiting costs you $35,822 by year 12

Net cost, buy today

$203,500

Net cost, buy in 2 yrs

$239,322

Monthly payment today$2,275

Payment after waiting$2,414

Home price in 2 yrs$477,405

Waiting starts costing moreYear 1

Net cost over time

Buy today Wait 2 yrs, then buy