Home values are increasing across the country and interest rates are likely to rise in the next year. That means buying a home is going to get more expensive. But how much more expensive? To find out, Zillow calculated the difference in monthly payments on the same house purchased today and a year from now. We assumed home values would increase and added 1 percentage point to today's mortgage rate.
In some markets, waiting a year won't cost you much. But in others -- like the nation's 10 hottest markets -- putting off a purchase for a year could cost you hundreds of dollars every month.