Rent or Buy Calculator
The question of whether to rent or buy a home is the classic question often facing first time home buyers. Our rent vs buy calculator will help to answer the question. Once you’ve answered the question of buying or renting, and if you’ve decided to buy, the next question is “how big of a mortgage can I afford?” Try our Mortgage Affordability Calculator.
*The rent or buy calculator is provided as a self-help tool. The results should only be used as a guideline. Contact a Dominion Lending Centres Network Brokers for Life mortgage specialist to clarify some of the issues around renting vs buying.
A key consideration in deciding whether to rent or buy is how big your mortgage payment will be. Our mortgage payment calculator will help you figure out how big a payment will be on the size of mortgage you choose.