Buying a House: The Cost If You Waited

by THE KCM CREW on JULY 8, 2013 · in FOR BUYERS, PRICING

We often talk about the potential cost of waiting to buy a home. Today, we want to look at the actual cost for someone who waited over the last year. We used a 10% increase in house values as prices have gone up by double digits in the country on average. We looked at approximate mortgage rates last year compared to this year. Here is the impact on a monthly mortgage payment (principal and interest):