Rent vs. Buy Calculator
Should you rent or should you buy your home? It takes more than looking at your mortgage payment to answer this question. The first steps in buying a house are ensuring you can afford to
place at least 5% of the purchase price of the home as a down payment and determining your budget. This calculator helps you weed through the fees, taxes, and monthly payments to help you
make a good financial decision.
*Mortgage Insurance is usually required with a down payment of 20% or less. For more details contact
Centum Financial Group Inc.
Information and interactive calculators are made available
to you as self-help tools for your independent use and are not intended to provide
investment advice. We cannot and do not guarantee their applicability or accuracy
in regards to your individual circumstances. All examples are hypothetical and are
for illustrative purposes.
We encourage you to seek personalized advice from one of our qualified CENTUM Mortgage
Professionals regarding all personal finance issues.