Rent vs Buy Calculator

Compare purchasing a home to renting and investing the upfront cash. Adjust growth assumptions to see when ownership might overtake renting. When "Invest the difference" is off, renter savings stay as cash (not invested) but are still counted in renter net.

Purchase inputs

Purchase Price

Down Payment (%)

Amortization (years)

Interest Rate (%)

Property Tax (annual)

Insurance (annual)

Utilities (monthly)

Condo Fee (monthly)

Maintenance (monthly)

Rental Income (monthly)

First-time buyer

Toronto

New Build

Rental inputs

Rent Payable (monthly)

Renter Utilities/Other

Renter Insurance

Other Monthly Costs

Monthly savings by renting$0.00

Total Rent (term)$0

Rental comparison & assumptions

Appreciation Rate (%)

Rent Increase (%)

Expense Increase (%)

Stock Market Rate (%)

Commission (%)

Invest any monthly savings from renting

Enter a purchase price to compare scenarios.