Input Information
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%
$
$
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Yrs
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$
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Yrs
Financial Analysis
  Rent
Buy
(Am. Table)
Total Maintenance : $0.00 $4,500.00
Total Payments : $51,996.70 $61,289.46
Average Monthly Payment : $866.61 $1,021.49
Monthly Rent Savings : $154.88
Total Rent Savings : $9,292.76
House Appreciation Value : $319,070.39
Proceeds Minus Costs : $296,735.46
Loan Balance : $170,949.21
Equity Appreciation : $125,786.25
Home Purchase Benefits : $116,493.49
Payment Schedule
No Interests Principal Balance
1 496.90 449.59 199,550.41
2 495.79 450.70 199,099.71
3 494.67 451.82 198,647.88
4 493.54 452.95 198,194.94
5 492.42 454.07 197,740.86
6 491.29 455.20 197,285.66
7 490.16 456.33 196,829.33
8 489.03 457.47 196,371.87
9 487.89 458.60 195,913.26
10 486.75 459.74 195,453.52
11 485.61 460.88 194,992.64
12 484.46 462.03 194,530.61

1 Yr


5,888.50


5,469.39

 
13 483.31 463.18 194,067.44
14 482.16 464.33 193,603.11
15 481.01 465.48 193,137.63
16 479.85 466.64 192,670.99
17 478.69 467.80 192,203.19
18 477.53 468.96 191,734.23
19 476.37 470.12 191,264.11
20 475.20 471.29 190,792.82
21 474.03 472.46 190,320.35
22 472.85 473.64 189,846.72
23 471.68 474.81 189,371.90
24 470.50 475.99 188,895.91

2 Yr


5,723.19


5,634.70

 
25 469.32 477.18 188,418.74
26 468.13 478.36 187,940.37
27 466.94 479.55 187,460.82
28 465.75 480.74 186,980.08
29 464.56 481.94 186,498.15
30 463.36 483.13 186,015.01
31 462.16 484.33 185,530.68
32 460.95 485.54 185,045.14
33 459.75 486.74 184,558.40
34 458.54 487.95 184,070.45
35 457.33 489.16 183,581.28
36 456.11 490.38 183,090.90

3 Yr


5,552.88


5,805.01

 
37 454.89 491.60 182,599.30
38 453.67 492.82 182,106.48
39 452.45 494.04 181,612.44
40 451.22 495.27 181,117.17
41 449.99 496.50 180,620.66
42 448.76 497.74 180,122.93
43 447.52 498.97 179,623.96
44 446.28 500.21 179,123.74
45 445.04 501.46 178,622.29
46 443.79 502.70 178,119.59
47 442.54 503.95 177,615.64
48 441.29 505.20 177,110.44

4 Yr


5,377.43


5,980.47

 
49 440.03 506.46 176,603.98
50 438.78 507.72 176,096.26
51 437.51 508.98 175,587.29
52 436.25 510.24 175,077.04
53 434.98 511.51 174,565.54
54 433.71 512.78 174,052.76
55 432.44 514.05 173,538.70
56 431.16 515.33 173,023.37
57 429.88 516.61 172,506.76
58 428.60 517.90 171,988.86
59 427.31 519.18 171,469.68
60 426.02 520.47 170,949.21

5 Yr


5,196.67


6,161.23

 
  Interests Principal Balance

Total

27,738.67


29,050.79


170,949.21

DISCLAIMER: The calculator tool above is not guaranteed accurate and is intended for learning purposes only. Please consult a Loans Canada representative for more information or to apply for a mortgage.