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.

This Financial Calculator requires SUN's Java™ Plug-in. If you see this message you will need to download SUN's Java™ Plug-in. This can be done automatically by clicking the yellow bar at the top of your browser and choosing “Install ActiveX Control”.
    You can also get SUN's Java™ Plug-in here: Get the Java™ Plug-in!

*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.