Cost of Waiting Calculator
"I'm going to wait for rates to drop." The past 40 years of falling rates are gone. See the financial impact of delaying a purchase in today's higher-for-longer, high-inflation reality.
Current Situation
Future Market Guesses (Advanced)Show
Rates may not drop like they did in the past.
Florida's ~1.5% average over the last 3 years (Post-2022 boom).
By waiting 1 year, you are missing out on appreciation, giving away rent to a landlord, and missing out on paying down a mortgage balance.
Home Price
$425,000
Monthly Loan Payment
$2,552/mo
Cash Needed Upfront
$34,000
Home Price
$431,375
Price went up by $6,375
Monthly Loan Payment
$2,658/mo
Takes $106 more out of your pocket every month
Cash Needed Upfront
$34,510
You have to save $510 more in cash
Where does the money go?
Brokerage Disclosure: eXp Realty is a licensed real estate broker. Information provided is subject to change.
Equal Housing Opportunity. We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.
Disclaimer: Information is for educational purposes only and is not financial, legal, or tax advice. Estimates are not guaranteed. Consult a licensed mortgage professional for exact numbers.
If you encounter any technical errors with these tools, please report an issue.