Rent vs buy calculator

Compare monthly carrying costs. Doesn't account for opportunity cost on the down payment, home appreciation, or tax effects — those matter, just not in this simple calculator.

Monthly rent

Home price

Down payment

Mortgage rate %

Amortization (years)

Property tax / yr

Maintenance % / yr

Condo fees / mo (0 if none)

Mortgage$3,021

Property tax$375

Maintenance$542

Total monthly cost of owning$3,938

Monthly rent$2,200

Buying costs more by$1,738

Estimates only. Not financial advice. Mortgage payment uses Canadian semi-annual compounding.