Estimated Cost to Wait

Procrastination. It's a skill you've been perfecting since your parents first asked you to clean your room or do your homework. And from then on, procrastination has served you quite well. But truth be told, some things in life deserve your immediate and undivided attention. Take for instance, buying a Veridian home. Sure, you can put it on the back burner. You can hold off until there's a few more bucks in the bank. But why? Why wait to realize the tax benefits and equity you build by owning a home? Why wait to pay more for the same home tomorrow when you can pay less today?

Use the calculator below to see how much you can save by buying a home now instead of waiting three, six, or 12 months. And if you're ready to stop waiting and start doing, you can also fill out an easy online prequalification form to take the next step today. Let the doing begin.

Assumption
Home Price What is the listing price of the home?	$
Down-Payment Amount How much can you pay upfront?	$
Current Loan Interest Rate What interest rate do you expect to pay for your home loan?	%
Loan Amortization Period How long is the life of your loan—e.g., 15 yrs, 30 yrs, etc?	Years
Estimated Buyer Income Tax Rate What was your "tax bracket" on your most recent tax return?	%
Estimated Annual Appreciation How much more will your home be worth in one year?*	%
*According to HSH Associates, 6.9% is the average property appreciation rate recorded in the City of Madison from 2001 - 2005
Assumes that the "one of a kind" homesite is still available and that interest rates remain stable. Also assumes an Effective Tax Rate/Mill Rate of $22 per $1,000 of home value. This chart represents an example of a particular set of variables that may not match yours. Individual circumstances may vary. Please consult a mortgage professional for more information.

Estimated Cost to Wait

Assumption