What does that mean?
This calculator compares the return on investment of an amount of money ready to be invested according to two possible scenarios:
1. You decide to buy
Your initial amount represents your total down payment invested on a mortgage loan.
Your investment amount is the total property value.
2. You decide to rent
You investment is equal to the down payment + every month, the difference between the buying costs and the renting costs go in your pockets. Monthly costs for a property are generally greater than those for a rent.
|Rent or Mortgage||Rent||Mortgage payment|
|Property related expenses||Insurance, heating costs||Condo fees, maintenance and heating fees, insurance and taxes|
|Monthly savings||Purchase monthly expenses –Renting monthly expenses||Non applicable|
|Your financial value after xx years; when it’s profitable for you to own the place rather than renting it.||Your return on investment = the invested amount + your monthly savings||Refunded amount on your house + down payment + property market value growth|
|Your financial value after 25 years||Your return on investment = the invested amount + your monthly savings||The mortgage is finally paid! Your property market value.|
The data generated by this tool is for informational purposes only. The results depend on the financial information you entered. They do not take into account the particularities of your personal situation. They do not create any legal obligation for the National Bank and its affiliates. You agree to validate the applicability and advantages of these results to your advisor, accountant, tax specialist, or other specialist.