Rent or Buy Calculator

Determine which is more economical, renting or buying, based on your payments and accomodation information.

1. Monthly payment if you bought: Info
2. Down payment: Info
3. Annual Property Taxes: Info
4. Interest Rate: Info
5. Annual Increase in Home Value: Info
6. Monthly Rent: Info
7. Years of Comparison: Info

Information is provided for sample purposes only. Its accuracy is not guaranteed. Information should be verified and should not be relied upon as legal, financial, or other advice.


Current Mortgage Rates

Term Rate
Prime Rate (P) 7.20%
Closed Variable P – 0.90%
Open Variable P + 3.2%
6 Month Closed 7.29%
1 Year Closed 6.85%
2 Year Closed 6.45%
3 Year Closed 5.29%
4 Year Closed 5.09%
5 Year Closed 4.94%
7 Year Closed 5.65%
10 Year Closed 6.05%
As of March 06, 2023. Rates subject to change without notice, OAC, E&OE
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