Your situation

Monthly rent
$
Home purchase price
$
Current savings / investments
$
Annual rent increase
3.0%

Market assumptions

Down payment (LTV)
20%
Mortgage rate
4.0%
Home price growth / yr
3.0%
Investment return
5.0%
CMHC insurance applies — Your down payment is under 20%, so mortgage default insurance is required. This premium is added to your mortgage balance and is reflected in the numbers below.

Calculating...

Monthly mortgage payment

—

principal + interest

True monthly cost to buy

—

incl. tax, maintenance, opp. cost

Break-even point

—

when buying overtakes renting

10-year wealth comparison

Buy Rent & invest

Year-by-year breakdown

This calculator is for educational purposes only and does not constitute financial or mortgage advice. Results are estimates based on assumptions entered. Speak with a licensed mortgage professional for guidance specific to your situation. CMHC premiums shown are approximate. © Melissa Vass Scott, Valery Real Estate Inc., Brokerage.

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