Thursday, November 21st, 2024
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Maria Tompson
Independently owned and operated.
sales@bestforagents.com
 

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Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic sales@bestforagents.com pic Cell: 416-548-7854 | Office: 416-548-7854

header Rent vs. Buy

 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.
Maria Tompson
Sales Representative
Your Company Name , Brokerage
Independently owned and operated.
416-548-7854 sales@bestforagents.com
Please note that content and information contained in this website is for demonstration purposes only and this website is trial website or test website and it can not be used for marketing purposes.