Mortgage calculator
What does waiting to buy actually cost?
Compare buying today with buying later. Home prices, rates and the rent you keep paying all move the math.
Your numbers
If you wait
Expected yearly change in prices. Use a negative number if you expect a dip.
Percentage points added to (or taken off) today's rate.
Waiting would cost you
$121,379
Total cash to own the home outright, after 12 months of $2,600 rent, a $520,000 price and a 7.00% rate.
Monthly payment
$2,768
+$239 vs $2,528 today
Home price
$520,000
+$20,000 vs today
Down payment needed
$104,000
+$4,000 more to save
Lifetime interest
$580,357
+$70,179 vs $510,178 today
Cost by length of delay
Same assumptions, 0–36 months
- Rent paid while waiting
- $31,200
- Cash to own, buy today
- $1,010,178
Estimates only. Principal and interest, with the same down payment percentage in both cases. Excludes taxes, insurance, closing costs, rent increases and what you could earn on savings.