🏠 How much would you save paying off debt before buying?
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🏡 Your Financial Situation
After a divorce, buying a home feels like securing stability for your kids. But when you have $100k in debt, tying up your home sale equity in a down payment is a costly trap. This calculator compares the math of buying now (like a lease-to-own) versus renting for a few years and using your equity to wipe out high-interest debt.
📈 Analysis Assumptions
The math comes down to guaranteed returns versus speculative ones. Paying off 18% credit card debt yields a guaranteed 18% return. Buying a home relies on speculative appreciation. We calculate the interest you save, the appreciation you miss, and the difference in monthly housing costs over your timeline.
🔗 See Also
🏆 Results
Guaranteed Interest Saved
Missed Home Appreciation
Cash Flow Difference (Rent vs Buy)
Total Saved by Renting & Paying Debt
Verdict
Pay debt
Calculator updated by heyfinfam (v26.7.0) · View history
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