What does waiting to buy actually cost?

See the appreciation you'd miss, the higher payment you'd end up with, and how much bigger a down payment you'd need if you wait.

Optional. Load a specific Utah property to use its ZIP-level appreciation forecast. Skip to use the Utah average.

Home price today
$

The home you'd want to buy at today's price.

Cash saved for down payment
$

Plus ~2% for closing costs, though buyers can often negotiate the seller to cover them.

Current rent
$/mo

Used to show what you'll pay in rent while you wait: $24,000 over 12 months.

When are you thinking of buying?
months

August 2027 · 12 months from today.

Assumptions
Annual appreciation
%

Utah 1-year average — no ZIP loaded.

Interest rate
6.67%

Today's 30-year conventional. Locked.

We assume rates stay the same. If they drop, home prices usually rise faster, so waiting still costs you. If they rise, you miss out even more.
Buy today
Purchase price$500,000
Down payment$50,000
Loan$450,000
Monthly P&I$2,895
Total monthly$3,499
Buy in 12mo, same down
Purchase price$512,412
Down payment$50,000
Loan$462,412
Monthly P&I$2,975
Total monthly$3,594
+$95/mo
vs today
Buy in 12mo, same monthly
Purchase price$512,412
Down payment$62,412
Loan$450,000
Monthly P&I$2,895
Total monthly$3,514
+$12,412
extra cash to save
Total cost of waiting
$36,412
Over 12 months, that's the appreciation the seller pockets plus rent you keep paying.
Equity missed
$12,412
2.48% appreciation you don't get.
Rent paid while waiting
$24,000
$2,000/mo × 12 months.
See homes at this budget

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Modeling only. Appreciation uses the trailing 1-year home value change per ZIP from Zillow (or the Utah average when no property is provided) and is projected forward. Actual returns vary. Rates, taxes, and insurance are estimates.

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