If you’re looking at a $400,000 house—or even a $300,000 one—this episode is for you.

Home prices across the Midwest have climbed steadily, and many first-time buyers are asking the same question: Is it better to keep renting, or is it finally time to buy? In this episode, Brad Connors breaks down the real numbers behind buying a home in today’s market.

It’s not just the sticker price. Brad walks through what buyers often overlook:

Why you need more than just a 10% down payment
How closing costs add thousands to your upfront cash requirement
What today’s interest rates actually mean for your monthly payment
Why you shouldn’t borrow your down payment from a 401(k)
How equity building compares to paying rent

For example, on a $300,000 home, you may need $35,000–$36,000 saved before you even walk into the bank. And at current rates, your monthly payment could land around $2,100. Compare that to rent in many metro areas—and the math starts to get interesting.

Brad also cautions against rushing in without a savings cushion or buying with a short-term mindset. If you sell six months later, the only guaranteed winners are the fee collectors.

This conversation isn’t about timing the housing market. It’s about preparation, leverage, and making sure your decision aligns with your long-term plan.

If you’re debating rent vs. buy, this episode will help you think through the numbers clearly—and avoid costly mistakes.

#iWealth #HomeBuying #FirstTimeHomeBuyer #RealEstatePlanning #FinancialPlanning #MidwestHousing #WealthEducation

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