buy now vs. the cost to wait You're ready to buy now! Rather than wait 1.00 years before you buy, it's possible to buy now with as little as 3% down or $12,300. Consider this: if you buy now, after 1.00 years you will have reached $40,787 in home equity. Rent payments build zero equity. Buy Now with your 4% down payment Cost to wait to save 20% down payment $20,000 buy now down payment future down payment $0 lost on rent payments ifyou buy now! total rent paid while waiting $610,000 home price home price due to appreciation - Monthly payment snapshot Principal and interest $1,592.14 $1 .35758 Taxes, HOA, insurance $683.33 $683.33 Mortgage insurance $130.00 $0.00 Total monthly payment $2,005.07 $2,040.91 Buy: Low down payment - you may be eligible to buy with MCIC mortgage insurance. You may be eligible to remove the mortgage insurance in 4.58 years. reducing your payment by $130.00. If buying new is the right nancial decision for you. you'll eliminate the unknown when it comes to interest mtes, home prices and housing availability. - Grand totals back - Adjust your answers IlI $0 $1 000,000 $41 0000 Amount you can afford for a down payment I|-I $0 $200,000 $20,000 Estimated mortgage interest rate IlI 0.000% 10.000% 2.750% Your credit Excellent V Your monthly rent IlI $0 $12,000 $2,400 Your monthly savings contributions Ill $0 $15,000 $5,800