Team: Candid Real Estate Group
Brokerage: RE/MAX 2000 Realty
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Calculators · Buying
Compares buying today with renting and buying later, and finds the price change that would make waiting the better choice.
Buying now leaves you ahead by
$51,509
Net equity after five years, comparing buying today with renting for 2 years and buying the same home then.
Waiting wins only if prices fall 0.8% by the time you buy
The waiting path
These calculators are educational illustrations, not advice and not an offer of credit. Figures are estimates from the inputs you enter and simplified rules; your lender's calculation, rates, fees, taxes and qualification will differ and are confirmed only by a licensed mortgage professional, lawyer or accountant. Mervin Truong is a licensed real estate professional, not a mortgage broker or financial advisor.
From estimate to plan
A calculator describes a scenario. I'll read it against what's selling now and introduce a licensed mortgage professional to confirm what you qualify for.