Rent vs. Buy Calculator
Compare the true long-term cost of buying vs. renting a home.
Buy Path
Net Worth at End$16,883.00
Monthly Payment
$288.00
Total Invested
$3,000.00
Rent Path
Net Worth at End$3,966.00
Monthly Rent
$1,500.00
Investment Gain
Compounding
1
Break-even at Year 1
Buying becomes more economical than renting from Year 1 onwards.
Savings Insight
Property vs Rent Comparison
Buying holds a mathematical edge after Year 1. If property appreciation drops below 3.6%, renting remains superior.
How It Calculates
Over a horizon of 48 months, your fixed monthly commitment is $288.00. The Expert interest leakage totals $1,847.00, representing a 7.2% annual cost of capital.
💡Total Interest on $15,000.00: $1,847.00
Monthly Commitment: $288.00
Tips to Save More
- Adjust the Loan Term for maximum compounding effect.
- Expert rate audits can reveal hidden interest leakage.
Example Scenarios
Pre-calculated scenarios based on current market data.
Live Data
$10,000 over 2 years
7.5% APRMonthly Payment$450.00
Total Interest$799.90
Over a horizon of 24 months, your fixed monthly commitment is $450.00. The Expert interest leakage totals $799.90, representing a 7.5% annual cost of capital.
Source: Bank of Canada · Updated 2026-04-01
$20,000 over 4 years
6.9% APRMonthly Payment$478.00
Total Interest$2,943.88
Over a horizon of 48 months, your fixed monthly commitment is $478.00. The Expert interest leakage totals $2,943.88, representing a 6.9% annual cost of capital.