Rent VS Buy Calculator

Current Monthly Rent — $0/mo

Rent ($/mo)

Utilities ($/mo)

Renter’s Insurance ($/mo)

Specific Property Analysis — Monthly Owning Cost: $0/mo

Property Price ($)

Down Payment ($)

Down payment is 0% of price

Minimum Down (Canada): 5% of first $500k + 10% of the portion from $500k to $1.5M. For $1.5M+, 20% minimum and no CMHC.

Interest Rate (%)

Amortization (years)

Property Taxes ($/mo)

Home Insurance ($/mo)

Condo Fees ($/mo)

Property Utilities ($/mo)

Rent vs Own — Monthly Snapshot

Rent Total

$0

Includes rent + utilities + renter’s insurance

Owning Total

$0

Mortgage + taxes + insurance + fees + utilities

Difference (Own − Rent)

$0

Upfront Cost to Buy

Total Upfront Cost

$0

Down + Closing + PST + ON LTT − ON Rebate + TO MLTT − TO Rebate

Closing Costs (% of price)

Closing costs include legal, title, disbursements, and adjustments (estimate).

Taxes & Rebates

Buying in Toronto?

First-time Buyer?

If both are checked: applies Ontario FTHB rebate (up to $4,000) and Toronto FTHB rebate (up to $4,475). Toronto MLTT applies only when “Buying in Toronto?” is checked.

Ontario LTT

$0

Ontario FTHB Rebate

$0

Toronto MLTT

$0

Toronto FTHB Rebate

$0

Closing Costs (est.): $0

Ontario PST (8%) on CMHC premium: $0

Total Upfront (Down + Closing + PST + ON LTT − ON Rebate + TO MLTT − TO Rebate): $0

Note: CMHC premium (before PST) is typically added to the mortgage principal; PST is paid at closing.

Income & Budget Allocation

Gross Monthly Income ($)

% of Income for Housing

35%

Allowed Housing Budget

$0

Max Affordable Property Price

$0

Amortization vs Rent — Visualization

Chart Mode

Annual Rent Increase (%)

Equity Growth (%/yr)

Adds appreciation to principal paid

Years to show

“Equity Built” combines principal paid plus optional appreciation each year. “Cumulative” mode shows totals over time; “Yearly” mode shows year-by-year amounts.

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Rent vs Buy Calculator