Step 1 . Enter current rent information
Current Monthly Rent
Est Annual Rent Increase
Step 2 . Enter estimated mortgage information
Purchase price
Down payment
Mortgage Required (CMHC Premium Included)
Amortization
Interest Rate
Est Annual Increase In Value
Step 3 . Choose Comparison Time Frame
Time Frame
Results
If you believe in the status quo, then you can continue to rent. The status quo will come at a cost to you of over a period of . On the other hand, if you were to purchase a home for your monthly mortgage payment will be . Over a period of , your mortgage will cost you a total of and build you a home equity of .
RENT VS BUY TABLE
| Year | Rental Payments (Cumulative) | Mortgage Payments (Cumulative) | Equity (Cumulative) |
|---|
| {Year} | {Rent} | {Mortgage} | {Equity} |
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