Rent Vs. Buy Analyzer

Our Clover Mortgage Rent Vs Buy Calculator can help you determine which option makes the most sense to you.

Please enter your current rent information.

How much do you currently pay each month for rent?

How much does your rent increase each year?

Please enter the estimated purchase and mortgage information on the property you wish to purchase.

What’s the approximate purchase price of your new home?

What’s the maximum down payment that you can put towards the new home?

Mortgage Amount Required:

Amortization:

Interest Rate:

Choose Comparison Time Frame.

Over how many years would you like to compare the difference of renting vs owning?

Results

If you continue to rent based on this information, at this rate you will spend $0,00 in rent over a period of 12 years.

On the other hand, if you were to purchase a home, your monthly mortgage payment will be $0,00. Over a period of 10 years, your mortgage will cost you a total of $0,00 in combination of principal and interest payments, and you will have $0,00 in home equity which includes your original down payment amount, but does not take into account potential growth in the value of your home over the years.

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Are you looking to purchase or refinance?

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By submitting this form you agree to allow Clover Mortgage Inc. to use and disclose any information collected through this form and through subsequent correspondences in accordance with our Privacy Policy, and as deemed necessary by Clover Mortgage Inc., to process your mortgage request and application to the best of our abilities. This includes, but is not limited to, sharing your personal information with Clover Mortgage Inc. employees, subcontractors, and third party affiliates for the purposes of processing your mortgage request and application.

Clover Mortgage Inc. has access to Ontario`s lowest rates

You Mortgage Story

If you bellive in the status quo, then you can continue to rent. The statusquo will come at a cost to you of $0 over a period of 10 years.

On the other hand, if you were to purchase a home for your monthly mortgage payment will be $0.

Over a period of 10 years, your mortgage will cost you a total of $0 and build you a home equity of $0.

CONTACT ME TODAY!

Steven Tulman

steven@clovermortgage.ca
416-674-6222
77 City Centre, Suite 150 Mississauga, ON L5B 1M

We approve Home Owners on EQUITY not credit!

Bad Credit Or Low Income
Debt Consolidation
Same Day Approvals
Money To You In 48 Hours
Up To 90% Loan To Value
No Complicated Application
Home Renovations

Our Customers Love Us

Sandra F.

I was in debt and needed help getting back on track. My mortgage agent at Clover Mortgage helped me get approved for a home equity loan to consolidate all of my debt in one small monthly payment. Now I’m saving over $1,000 a month in interest and am left with less debt and more money in my pocket at the end of each month. Thank you Clover!

David J.

I'm a self employed independent contractor. I earn a decent income, but when I went to the bank to refinance my home, they denied my application telling me that I didn't have enough "provable" income to qualify for refinancing my home. When I came to Clover I was almost out of hope. My Mortgage Agent at Clover was caring and professional, and help me get a great rate and flexible terms on full refinance. The whole process took less than 48 hours! I was impressed at how quickly and easily they were able to get me the money and home refinance I needed. Thank you Clover Mortgage, I'm recommending you to everyone I know!!

Andrea R.

I had really bad credit, but really wanted to purchase a Condo. When I went to the bank they made me go through a lengthy application process that took weeks, and then they turned me down at the end of it all. When I found Clover Mortgage online, I called them and a friendly Mortgage Agent was able to help me get approved for a mortgage quickly and hassle-free. I got a good rate and now live in a home that I am comfortable in and am able to easily afford my monthly payments.

Ankur R.

I definitely recommend Clover Mortgage to any new home buyer! They were very professional and helped my husband and I get mortgage for our new home at an even better rate than the bank was offering us. They also helped us get the mortgage with a smaller down-payment than the bank demanded from us. Since we did our mortgage with Clover, several of our friends and family members got their from them also, and Clover Mortgage has been able to help all of them, even the ones that were completely turned away and rejected by their banks.

Janet L.

My husband and I found ourselves in a tough situation. Luckily my expert mortgage broker at Clover Mortgage helped us get a fast and easy approval for an amazing rate for refinancing our home. Clover's service is the best I've ever experienced and I've been recommending them to all of my family members and friends ever since. Thanks for your help Clover!

Raj I.

I definitely recommend Clover Mortgage to any new home buyer! They were very professional and helped my wife and I get mortgage for our new home at an even better rate than the bank was offering us. They also helped us get the mortgage with a smaller down-payment than the bank demanded from us. Since we did our mortgage with Clover, several of our friends and family members got their from them also, and Clover Mortgage has been able to help all of them, even the ones that were completely turned away and rejected by their banks.

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