Personal Picture
Irene Chow
Sales Representative
Re/Max Realty One Inc., Brokerage
Independently owned and operated.
irchow@trebnet.com

 

Business: 905-277-0771 (24 hrs)

Fax: 905-277-0086

Direct: 416-817-5993


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Monday, August 20th, 2018

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.
Office: 905-277-0771       Mobile: 416-817-5993      Fax: 905-277-0086         Toll Free: 1-800-726-2889
Personal Pic Irene Chow Sales Representative pic irchow@trebnet.com Re/Max Realty One Inc., Brokerage Independently owned and operated. pic 50 Burnhamthorpe Rd W, unit 102, Mississauga, Ontario L5B 3C2 pic Cell: 416-817-5993 | Office: 905-277-0771 | Fax: 905-277-0086