🏠 Should you buy a home now with PMI or wait?

Finn

This calculator helps prospective homebuyers weigh the cost of paying private mortgage insurance (PMI) against the cost of a home appreciating while they save a 20% down payment. As a remix, it doesn't have much over the original [how-much-down-payment](/heyfinfam/views/how-much-down-payment), mostly serving as a defaults and label reskin. You'll want to keep in mind that this model isolates just PMI and appreciation, assuming your current rent roughly cancels out the unrecoverable costs of homeownership like mortgage interest, taxes, and maintenance. Additionally, the math currently cuts off the PMI cost prematurely, which heavily skews the results toward buying now.

Reviewed v26.7.1