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 Should you rent or should you buy your home? It takes more than looking at your mortgage payment to answer this question. This calculator helps you weed through the fees, taxes, and monthly payments to help you make a good financial decision.

Should you rent or should you buy your home? It takes more than looking at your mortgage payment to answer this question. This calculator helps you weed through the fees, taxes, and monthly payments to help you make a good financial decision.

If Buying
Purchase Price of Home: $
Downpayment: $
Amortization Period: years
Interest Rate: %
CMHC Rate: %
Buying Closing Cost: $
Monthly Maintenance/Condo Fees: $
Annual Property Taxes: $
Annual Homeowners Insurance: $
Home Appreciation Rate: %
Years Before Selling: years
Selling Costs (As percentage of price): %
Inflation Rate: %
If Renting
Monthly Rent: $
Monthly Content Insurance: $
Annual Rent Increase (by percentage): %
 
Interest is compounded semi-annually not in advance. The Interest rate is fixed for the term of the mortgage. The interest rate is usually renegotiated at the end of the term of the mortgage. This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions. In this calculator Inflation Rate apply on property tax maintenance and condo fee and CMHC (mortgage insurance) amount added to Mortgage amount. Buying Closing Cost can contain Land Transfer Property Tax and Lawyer Costs. TMI stands for Tax, Maintenance and Insurance.

Pre-Sale Projects

Pinnacle Grand Park  |  London on the Esplanade  |  144 Park  |  32 Camden Street  |  The Hill  |  Key West  |  1Thousand Bay  |  Allegra  |  Rise  |  365 Church  |  Mirage  |  The Brant Park  |  Watermark  |  Picasso  |  ALTO  |  Sunset  |  Vivid  |  OpArt Lofts  |  Karma  |  Jade Waterfront  |  Flaire  |  Cloud 9  |  133 Hazelton  |  The Carlaw  |  Spectra  |  The Bond  |  Ion  |  Pears  |  Avani at Metrogate  |  Rain 2  |  The Fountains  |  Centre Park  |  River City 1  |  Nautilus  |  IVORY  |  River City 2  |  Star Tower  |  The Yorkville  |  X2  |  King West - Liberty  |  World On Yonge  |  Yorkville Plaza  |  Love  |  Pier 27  |  WestLake 2  |  WestLake 1  |  Waterscapes  |  U Condo II  |  Trump  |  Trinity Lofts  |  Treviso II  |  Treviso I  |  Theater Park  |  The Shores  |  The Hive Lofts  |  The Berwick  |  The Berczy  |  Studio II  |  Studio I  |  South Beach II  |  Shangri-La  |  Savvy  |  The Ritz-Carlton  |  RCMI  |  Rain 1  |  Portrait  |  Grand Parade II  |  Grand Parade I  |  The Palm  |  Paintbox  |  Pace  |  O2 Maisonettes  |  One Bloor  |  NXT II  |  NXT I  |  Neon Condo  |  MYC  |  Modern  |  Merci le  |  The Mercer  |  Market Wharf  |  LimeLight II  |  Library District  |  Liberty Market Lofts  |  Liberty Central  |  L Tower  |  King Charlotte  |  Jade  |  IQ Phase II  |  IQ Phase I  |  Imperial Plaza  |  Hullmark Centre I  |  Grand Genesis II  |  Gibson Square I  |  The Yards  |  Garrison  |  Fuse  |  Four Season 2  |  Four Season 1  |  Fly  |  Fashion House  |  Madison II  |  Cristal Blu  |  Exhibit  |  Epic  |  Encore  |  Emerald Park II  |  Emerald Park I  |  Emerald City 3  |  Emerald City 2  |  Emerald City 1  |  DNA3 II  |  DNA3 I  |  Tango 2  |  Tango 1  |  Charlie  |  California  |  Chicago  |  Chaz  |  Blade  |  Q Loft  |  ART  |  Aristo I  |  Absolute  |  Lofts 399  |  300 Front  |  12 Degrees  |  Cinema Tower  |  Peter Street  |  WaterGarden  |  B.Streets  |  3018 Yonge  |  Carmelina  |  EXPO City  |  Allure  |  NY Place  |  Argento  |  42 Charles  | 
Personal Pic Maria Tompson Sales Representative pic sales@bestforagents.com Re/Max Example Inc, Brokerage Independently owned and operated. pic 50 Burnhamthorpe Rd West, Mississauga, Ontario L5B 3C2 pic Office: 905-361-0512 | Fax: 905-361-0853

This website is for demonstration purposes only