Mortgage Calculator

Plan your purchase with precision. Estimate your monthly carrying costs, closing costs, and navigate land transfer taxes instantly.

Asking Price

$

Down Payment

$

%

Amortization

Interest Rate

%

Property Tax

$

Condo Fee

$

Home Insurance

$

Variable Costs(utilities, internet...)

$

Vacancy Rate

%

CapEx Reserve

%

First-Time Buyer

Located in Toronto

Closing Costs

Mortgage Amount

$640,000

Land Transfer Taxes$12,475

Legal Fees (Est.)

$

Total cash required for closing$173,975

Total Monthly Obligation

$3,935/mo

Mortgage $3,227

Monthly Loss $3,086

Principal$849

Interest$2,378

Property Tax$333

Home Insurance$125

Variable Costs$250

Cash Flow

-$935/mo

Gross Yield

4.5%

Cap Rate

3.0%

Cash-on-Cash

-8.6%

5-Yr IRR

8.8%

10-Yr IRR

9.6%

Using baseline default rent · Search a property for real estimates

Reserves: 0% Vacancy + 0% CapEx

Buy vs. Rent Analysis

Should you buy this property or rent and invest the difference?

How it works: Instead of using your $160,000 as a down payment, what if you invested it in the stock market and continued renting? Each month, the difference between your buy costs and rent is also invested.

Buy: Build equity via appreciation + mortgage paydown

Rent: Invest down payment + monthly savings into S&P 500

Renting and investing is the better financial choice over this 10-year period.

Resulting in a higher net position of $78,419.

Breakeven Thresholds

Appreciation:5.7%

S&P Return:9.2%

Current Assumptions

S&P: 10.5%

Home: 5%

Inf: 2.5%

Threshold Analysis:To make renting worth it over 10y, the stock market needs at least 9.2% avg. returns. Buying wins only if property appreciation exceeds 5.7%.

Comparable Rent

$

%/yr

Inflation

%

Time Horizon

10yr

Macroeconomic Scenarios (Compare)

Buy Scenario

Projected Equity

Home value after 10 years of 5% annual appreciation, plus equity from mortgage paydown, minus remaining balance.

$726,070

Sunk Costs

Interest paid + property taxes + condo fees + insurance + utilities over 10 years. This is money you never get back.

-$419,512

Net Position (Gross)$371,714

Cost of Disposition (5%)-$65,156

Net (After Sale)$306,558

Rent & InvestWinner

Investment Value

Your $160,000 invested upfront + $1,435/mo savings, compounding at 10.5% annually for 10 years in the S&P 500.

$721,078

Sunk Costs

Total rent ($2,500/mo × 10yr = $300,000) + renter's insurance + utilities. Money you never get back.

-$336,101

Net Position$384,977

Sensitivity Heatmap

S&P 500 Return ↓

	Home Appr. →
	3.0%	5.0%	7.0%
8.5%	Rent$171,633	Buy$33,552	Buy$277,097
10.5%	Rent$283,603	Rent$78,419	Buy$165,126
12.5%	Rent$418,021	Rent$212,837	Buy$30,708

* This analysis uses simplified assumptions. S&P 500 historical data sourced from S&P Dow Jones Indices and NYU Stern (Damodaran). Canadian housing data from CREA, TRREB, and Re/Max Canada reports. Actual returns depend on market conditions, tax implications (capital gains on investments vs. principal residence exemption), transaction costs, and personal circumstances. Past performance does not guarantee future results.