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London MLS
Kathy Mendham-Meathrel
Realty Executives Elite Ltd
7-515 Wellington Rd South
London, Ontario, N6C 4R3
Office: (519) 649-6900
Cell: (519) 854-1974
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Rent vs. Buy Calculator
Am I better off renting or owning? This calculator will show you the financial differences between the two.
$
Current Rent
%
Est. tax bracket
$
Purchase Price
%
Down Payment
%
Interest Rate
Mortgage Term (Years)
Your Monthly Payment
$
Yearly Taxes?
$
Yearly Insurance?
Total PITI
How long will you own (typ. 7 yrs)
$
This is your rent over the period
$
This is mortgage over the period
REAL calculator
Calculate your mortgage repayments:
Loan amount: $
Down payment: $
Annual interest rate:
%
Term of loan:
years
Total interest:
$
Monthly payment:
$
