The Cost of Waiting to Buy a Home….

Picture1The KCM Crew took a different approach this time to demonstrate the cost of waiting to by a home between now and the end of next year.  Their example shows that a home today that costs $250k at 4.41% would have a monthly mortgage payment around $1,250.

Check out the full article here to see what the cost would be at the end of next year due to an increase in interest rates and home prices and all the other ways this money could be spent, and even what the cost difference would be at the end of the 30 year term!