Rent vs Buying

 

Should I Rent or Buy?
$1,275/month
RENTING
$3,751/month
BUYING

Buying a home will cost you $2,476 more per month than renting

Note: This feature is included for expository and informational purposes; it is not meant to be taken as personalized or expert financial advice.
Purchase Price
Land Transfer Tax
Purchase Price *
Interest Rate *
Taxes (yearly)
Condo Fees (yearly)
Amortization


Percent Down
Down Payment
Remaining Mortgage
CMHC/GE Premium
Total Financing
Monthly Mortgage Payment
Taxes/Fees
Total Payment
Income Required
You can find out more about CMHC by visiting their Web Site.

Please be aware, HST is due the date of closing and is not added to a mortgage.
Purchase Price:
 $
Downpayment:
 $
Total CMHC:
 $
Total PST:
 $
Please be aware that these calculators are for indicative purposes only and will offer approximate values.
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