Should You Buy Now or…

…wait until you save a larger down payment?

LET’S BREAK IT DOWN
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  • No PMI, which saves you around $100–$300/month depending on your loan

  • Slightly better interest rate

  • Bigger equity cushion if values drop

But here’s the flip side…

What happens while you’re waiting?

  • You’re paying rent (with no tax deductions or equity growth)

  • Home prices keep rising (historically around 3–4% per year)

  • You miss out on four years of equity growth

  • You’re still saving the same money that could’ve gone toward a mortgage

Quick Math:

Let’s say you’re trying to buy a $400,000 home. If it appreciates just 4% a year, in four years it could cost over $468,000.

Meanwhile, you’ve been paying rent and missed out on over $68,000 in equity gains you could’ve built if you’d bought the home today.

That’s the quiet cost of waiting.

What If You Bought Now with a Low Down Payment?

With programs like FHA, USDA, VA, or even local down payment assistance grants, you could get into a home with 3.5% down or less — sometimes even zero down.

Yes, your mortgage payment might be a bit higher at first. But consider this:

1

You start building equity immediately while living in YOUR home

2

You get valuable tax deductions on mortgage interest and property taxes

3

You’re no longer throwing rent money away and paying someone else’s mortgage

4

As the home increases in value, your net worth grows with it giving you more options

In many cases, that extra amount you’re paying each month with PMI is about the same as the money you’d be setting aside to save your big down payment. But instead of sitting in a bank account, it’s now helping you build real wealth through homeownership.

So, Should You Buy Now or Wait?

If you’re financially stable and ready to take care of a home, don’t wait. The perfect timing might never come — and the longer you wait, the further ahead home prices (and rents) can run.

At House Karma, we believe in making homeownership accessible — especially for first-time buyers. Our platform helps you explore low or no down payment options, connects you with approved, experienced agents, and helps you get into the market sooner rather than later.

Because the sooner you start, the sooner your house can start working for you.

Thinking About Buying?

Let us show you how much you could save — and how fast you could build equity — by starting now, and let House Karma help you unlock your future.