Rent Vs Buy
| Rent Today | Home Purchase* |
|---|---|
| $1,250 | $276,725 |
| $1,500 | $332,270 |
| $1,750 | $387,315 |
| $2,000 | $442,860 |
| $2,250 | $497,905 |
| $2,500 | $556,450 |
*Assumes 25-year amortization, 5% downpayment, 4% mortgage insurance premium, 5-year term, 2.69%, OAC, subject to change. For illustration purposes only.
Take a look at how much mortgage your current monthly rent could cover. Your monthly rent cheque doesn’t have to be money out the window. It could be building you equity in your own home!
Keep in mind that home ownership involves costs beyond the monthly mortgage payment like utility bills, insurance, and property taxes. We can help you determine what you can comfortably afford.
Get pre-approved today and have your rate held for 120 days! This way you don’t have to worry about rates rising while you are house hunting, and both realtors and sellers will know you’re serious, which means you’ll be in a good position to get the home you want.
Your dream home may be more affordable than you think!
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Rasha Ingratta & Mortgage Associates
By Mortgage Intelligence
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