Rent vs. Buy Calculator
Rent vs. Buy: What Could Your Payment Get You?
Enter what you pay in rent today and see roughly what home price that same monthly payment could support.
Your Numbers
Illustrative rate as of July 2026, with a small buffer built in for safety. Your actual rate will depend on your profile and the lender.
What You Could Afford
Estimated home price
$0
Down payment
$0
Estimated mortgage amount
$0
Mortgage payment (principal & interest)
$0
Total monthly payment
$0
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Good to know
This tool gives a quick, illustrative comparison based on the rate, amortization, and down payment you select. It does not include mortgage default insurance premiums (required when your down payment is under 20 percent), Ontario land transfer tax, Toronto municipal land transfer tax where applicable, legal and closing costs, or the mortgage stress test qualifying rate, all of which affect what you actually qualify for. Figures are estimates only and are not a pre-approval or a guarantee of financing.
Want the full picture, including what you actually qualify for?
Contact Christina DeMarinis