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What are you looking to calculate?

A.Minimum Income Needed for
Desired Mortgage Amount B.Maximum Financing and
Property Value Eligibility C.Monthly Payment Schedule
with Prepayments D.Rent vs. Buy Scenario

Please fill in the inputs to find out which option will benefit you the most

Renting Case

Owning Case

  • House purchase Price
  • Downpayment
    %
  • Amortization Years
  • Land Transfer Tax
  • Lawyer Fee
  • Home Inspection
  • Downpayment
  • Total Cost
  • Mortgage profit rate %
  • Maintenance
    %
  • Annual Property tax
    %
  • Insurance
    %
  • Annual House Appreciation
    %
  • Calculated Monthly payment
Quick Tip

this includes your down payment, land transfer tax, lawyer fees and home inspection fees

estimates are: $4K for ON & BC, $2K for all other provinces

Conclusion

Buying is better after Years

YearsWinner
One Renting by $
Five Renting by $
Ten Renting by $
Twenty Renting by $
Twenty Five Renting by $
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