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Rate vs. Wait

What price range are you considering?

Purchase Price

ZIP Code

Your Ideal Downpayment

$1 down (VA Loan) For eligible military service members and veterans

3.5% down (FHA Loan) Government-backed loan with lower down payment requirements

5% down (Conventional) Standard conventional loan option with smaller down payment

10% down (Conventional) Moderate down payment option that may reduce PMI costs

20% down (Conventional) Traditional down payment that eliminates PMI

Down Payment Amount

$100,000

Interest Rate Expectations

Current Mortgage Rate

Today’s average 30-year rate is around 6.5%

What rate would make you ready to buy?

How Long Would You Wait for Lower Rates?

If you wait for rates to drop to 6.0%, how long would you like that to take?

The hidden cost of waiting: While you’re watching rates, if you’re paying rent, you’re not building equity.

Home Appreciation: Make Your Best Guess!

No one can predict appreciation but historically, over the last 40 years, homes have appreciated 4.6% nationally.

Market Dynamics to Consider

What percentage of seller concessions could be negotiated?

In softer markets, sellers are more willing to help with closing costs and/or rate buydowns.

If rates drop to your target, would you expect the market to heat up? If so, would you expect over list offers? Take a guess!

Expect increased competition and bidding wars.

Get Your Personalized Results

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Your Buy vs Wait Analysis

Monthly Payment Comparison

Extra Cost of Higher Rate:

Cost-Benefit Analysis

Total Benefits:

Total Extra Costs:

Net Benefit:

Detailed Breakdown

Benefits of Buying Now

Equity From Mortgage Payments:

Home Value Increase:

Seller Concessions:

Avoided Over List Price Offers:

Total Benefits:

Costs of Buying Now

Extra Interest Paid:

Total Costs:

Bonus: Pay Off Your Loan Faster

If you refinance when rates drop but continue making your higher payment amount, you could pay off your loan faster:

This means you could be mortgage-free years sooner and save thousands in interest!

Important Note

This calculator is provided as an educational tool to help visualize different scenarios when considering a home purchase. The results are based on the information you enter and represent hypothetical scenarios. Market conditions including interest rates and home values can fluctuate over time. While no one can predict exactly how these variables will change, real estate has historically proven to be a valuable long-term investment for many Americans.

Step 1 of 7 Purchase Price

Should you buy now or wait for lower rates? It’s the question on every homebuyer’s mind—and the answer isn’t what most people expect. Our Rate Timing Calculator weighs both scenarios side-by-side: potential savings from lower future rates versus the hidden costs of waiting as prices climb. Many users are startled by what the numbers actually show. Take a moment to calculate your specific situation and discover which strategy truly maximizes your long-term financial position.

BuyNowiQ.com