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Don't Miss this Beautiful Chalet on 2 Acres
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Stylish Luxery
Front
Stunning Tudor Style Home
Darryl Unrau
Realty Executives First Choice
559 St Marys
Winnipeg, MB, R2M 3L6
Office: 204-784-3366
Cell: 204-997-1911
Fax: 204-885-8990
When is the best time to buy? | Print |
Providing valuable resources for our Real Estate Buyers and Sellers is our top priority.

Here are some frequently cited reasons for buying a house:
* You need a tax break. The mortgage interest deduction can make home ownership very appealing.
* You are not counting on price appreciation in the short term.
* You can afford the monthly payments.
* You plan to stay in the house long enough for the appreciation to cover your transaction costs. The costs of buying and selling a home include real estate commissions, lender fees and closing costs that can amount to more than 10 percent of the sales price.
* You prefer to be an owner rather than a renter.
* You can handle the maintenance expenses and headaches.
* You are not greatly concerned by dips in home values.





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Last Updated ( Monday, 27 November 2006 )
 
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Rent vs. Buy Calculator

Am I better off renting or owning? This calculator will show you the financial differences between the two.
$   Current Rent
  % Est. tax bracket
$   Purchase Price
  % Down Payment
  % Interest Rate
    Mortgage Term (Years)
    Your Monthly Payment
$   Yearly Taxes?
$   Yearly Insurance?
    Total PITI
    How long will you own (typ. 7 yrs)

$   This is your rent over the period
$   This is mortgage over the period

REAL calculator

Calculate your mortgage repayments:

Loan amount: $
Down payment: $
Annual interest rate: %
Term of loan: years

Total interest:
$
Monthly payment:
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