rent or buy calculator?

Sick of paying someone else’s mortgage? Work out how much mortgage you could afford with our Rent VS Mortgage Calculator.

How Does This Work?

The mortgage you see to your left is based on a 30-year term, Principal & Interest Payments (P&I) with a default interest rate of 6%. You can change the rate to any rate you want as rates can move month to month. If you want to find out exactly what YOU could afford, please click below, and get in touch with a MADD Mortgage Broker.

Pay Your Own Mortgage Calculator

Find the best rates & flexible options with our lender network.

Deposit Calculator FAQS

Let’s dive into the commonly asked questions about how a Rent vs. Buy Calculator can help. 

A Pay Your Own Mortgage Calculator is an online tool that provides a comprehensive breakdown of your mortgage payments. It helps you understand how much you’re required to pay monthly, taking into account the principal, interest, and often taxes and insurance.
A Pay Your Own Mortgage Calculator uses the mortgage amount, term, and interest rate to calculate your monthly payments. Some calculators also factor in property taxes and homeowner’s insurance for a more comprehensive breakdown.
The Pay Your Own Mortgage Calculator demystifies the complexity of mortgage payments. It provides you with a clear understanding of your monthly obligations, aids in budgeting, and can help strategise for early loan payoff.
Yes, by comparing different mortgage scenarios, you can make an informed mortgage choice.
Yes, by adjusting the additional payment amounts, you can explore different early payoff strategies.

Most bank websites and financial service platforms offer a Pay Your Own Mortgage Calculator.

 

In the journey of home financing, the Pay Your Own Mortgage Calculator stands as a reliable guide. From budgeting and decision-making to exploring early payoff strategies, this tool ensures you manage your mortgage with confidence and financial savvy.

Want to know more about planning your mortgage?

Ready to turn your homeownership dreams into reality? Our mortgage brokers are here to help. With their expertise and access to a wide range of lenders, we can help you secure the best mortgage deal. Contact us today to start your journey.
George Samios
Founder/ Mortgage Broker

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