Renting Case

Welcome to the ultimate rent vs

buy comparison tool! Renting Assumptions
Initial monthly
The default numbers represent rent: $2,100
the case for a small detached
house in North Toronto in 2011.
Change the assumptions and
figures to suit your situation.
Input fields are in blue bold 12-
pt font
Conclusion in blue to the right. CPI rate Investment Renters insurance
(scroll over!) (rent increase) return (% of monthly rent)

For more on the spreadsheet: First 5 Years 2.00% 7.00% 1.00%

www.holypotato.net/?p=1073 Next 5 Years: 2.00% 7.00% 1.00%

Thanks, Potato Final 15 Years 2.00% 7.00% 1.00%

Investment Tax
Rate: 10.00%
Or, enter 0 here and an after-tax rate of investment
return above

Surplus vs
owning Investment
Year Cost of Renting (annual) portfolio

2014 25,452 13,843 65,750

2015 25,961 13,557 84,680
2016 26,480 13,266 104,639
2017 27,010 12,968 125,694
2018 27,550 12,665 147,915
2019 28,101 15,472 171,377
2020 28,663 15,168 199,388
2021 29,236 14,858 229,044
2022 29,821 14,542 260,456
2023 30,417 14,219 293,739
2024 31,026 17,669 329,018
2025 31,646 17,368 370,337
2026 32,279 17,061 414,236
2027 32,925 16,748 460,891
2028 33,583 16,429 510,488
2029 34,255 16,103 563,226
 2030 34,940 15,771 619,318
2031 35,639 15,432 678,993
2032 36,352 15,086 742,494
2033 37,079 14,733 810,083
2034 37,820 14,373 882,037
2035 38,577 14,006 958,656
2036 39,348 13,632 1,040,259
2037 40,135 13,250 1,127,186
2038 40,938 12,861 1,219,803
2039 41,757 -20,256 1,318,501
2040 42,592 -20,661 1,389,831
2041 43,444 -21,074 1,465,735
2042 44,313 -21,496 1,546,524
2043 45,199 -21,926 1,632,533
2044 46,103 -22,364 1,724,117

Original created by Potato for http://www.holypotato.net

Extensively modified and improved by Matthew Gordon
 Owning Case

House and Mortgage Assumptions

Mortgage Interest
House purchase Price $510,000.00 rate:
Downpayment (needs %
sign) 10.00% First 5 Years 3.49%

Amortization (Max 30) 25 Next 5 Years: 4.50%

Ontario Land Transfer Tax 6675 Final 15 Years 5.50%

Toronto Land Transfer Tax 5925

Calculated Monthly
Title Insurance 250 payment
Legal Fees (including
disbursments) 1500 First 5 Years 2,344.17
Home Inspection 400 Next 5 Years: 2,556.01
CMHC insurance 2.40% Final 15 Years 2,726.65
Total Cash to be used
toward purchase $65,750.00

Other Assumptions

Commission (on sale only) 6.00%

House is in Toronto (416) Yes

Mortgage (P+I) Maintenance Property Tax Insurance Annual Cash Outlay

28,130 5,610 4,402 1,153 39,295

28,130 5,722 4,490 1,176 39,518
28,130 5,837 4,580 1,199 39,746
28,130 5,953 4,672 1,223 39,978
28,130 6,072 4,765 1,248 40,215
30,672 6,194 5,356 1,351 43,573
30,672 6,318 5,463 1,378 43,832
30,672 6,444 5,572 1,406 44,095
30,672 6,573 5,684 1,434 44,363
30,672 6,704 5,798 1,463 44,637
32,720 6,839 7,583 1,554 48,695
32,720 6,975 7,734 1,585 49,015
32,720 7,115 7,889 1,617 49,341
32,720 7,257 8,047 1,649 49,673
32,720 7,402 8,208 1,682 50,012
32,720 7,550 8,372 1,716 50,358
32,720 7,701 8,539 1,750 50,711
32,720 7,855 8,710 1,785 51,070
32,720 8,012 8,884 1,821 51,438
32,720 8,173 9,062 1,857 51,812
32,720 8,336 9,243 1,895 52,194
32,720 8,503 9,428 1,932 52,583
32,720 8,673 9,617 1,971 52,980
32,720 8,846 9,809 2,011 53,386
32,720 9,023 10,005 2,051 53,799
0 9,204 10,205 2,092 21,501
0 9,388 10,409 2,134 21,931
0 9,576 10,617 2,176 22,369
0 9,767 10,830 2,220 22,817
0 9,962 11,046 2,264 23,273
0 10,162 11,267 2,309 23,739
ng Case

Rates as a percent of the house value

Maintenance % Property tax % Insurance % House Appreciation

1.10% 0.86% 0.23% 2.00%

1.10% 0.95% 0.24% 2.00%

1.10% 1.22% 0.25% 2.00%

Built-in assumptions:
CMHC premium is capitalized to
mortgage
Other closing costs are paid as cash
Buyer is not a first time homebuyer

House is in Ontario

Mortgage Balance Beginning of year Beginning of year Timing of

(opening) House Value Owner's Equity comparison

470,016 510000 39,984 At time of Purchase

457,982 520,200 62,218 After 1 year
445,523 530,604 85,081 After 2 years
432,627 541,216 108,589 After 3 years
419,276 552,040 132,764 After 4 Years
405,455 563,081 157,626 After 5 Years
392,599 574,343 181,743 After 6 Years
379,158 585,830 206,671 After 7 Years
365,106 597,546 232,440 After 8 Years
350,414 609,497 259,084 After 9 Years
335,053 621,687 286,634 After 10 Years
320,186 634,121 313,934 After 11 Years
304,491 646,803 342,312 After 12 Years
287,920 659,739 371,819 After 13 Years
270,426 672,934 402,508 After 14 Years
251,956 686,393 434,437 After 15 Years
232,456 700,121 467,664 After 16 Years
211,870 714,123 502,254 After 17 Years
190,135 728,406 538,271 After 18 Years
167,188 742,974 575,786 After 19 Years
142,962 757,833 614,871 After 20 Years
117,385 772,990 655,604 After 21 Years
90,382 788,450 698,067 After 22 Years
61,874 804,219 742,345 After 23 Years
31,776 820,303 788,527 After 24 Years
0 836,709 836,709 After 25 Years
0 853,443 853,443 After 26 Years
0 870,512 870,512 After 27 Years
0 887,922 887,922 After 28 Years
0 905,681 905,681 After 29 Years
0 923,794 923,794 After 30 Years
 Comparison

After x years Winner

One Renting by $53165

Five Renting by $43604

Ten Renting by $67414

Twenty Renting by $261303

Thirty Renting by $716481

Assuming house is
sold (with sales
Net worth commission, but no
comparison mortgage penalty),
without selling and investment
home portfolio taxed

Renter ahead by Renter ahead by

$ 25,766 $ 56,366
$ 22,462 $ 53,165
$ 19,559 $ 50,246
$ 17,105 $ 47,650
$ 15,151 $ 45,420
$ 13,752 $ 43,604
$ 17,644 $ 46,918
$ 22,373 $ 50,887
$ 28,015 $ 55,577
$ 34,655 $ 61,060
$ 42,383 $ 67,414
$ 56,402 $ 79,814
$ 71,924 $ 93,443
$ 89,073 $ 108,409
$ 107,980 $ 124,823
$ 128,789 $ 142,809
$ 151,654 $ 162,498
$ 176,740 $ 184,034
$ 204,223 $ 207,567
$ 234,297 $ 233,265
$ 267,166 $ 261,303
$ 303,052 $ 291,874
$ 342,192 $ 325,182
$ 384,842 $ 361,448
$ 431,277 $ 400,912
$ 481,792 $ 443,828
$ 536,388 $ 490,269
$ 595,223 $ 540,472
$ 658,602 $ 594,709
$ 726,852 $ 653,274
$ 800,323 $ 716,481
Year Month Monthly Payment Monthly Interest Ending Principal

2012 1 $2,344.17 $1,357.13 $469,028.96

2012 2 $2,344.17 $1,354.28 $468,039.07
2012 3 $2,344.17 $1,351.42 $467,046.32
2012 4 $2,344.17 $1,348.55 $466,050.70
2012 5 $2,344.17 $1,345.68 $465,052.21
2012 6 $2,344.17 $1,342.80 $464,050.84
2012 7 $2,344.17 $1,339.91 $463,046.57
2012 8 $2,344.17 $1,337.01 $462,039.41
2012 9 $2,344.17 $1,334.10 $461,029.33
2012 10 $2,344.17 $1,331.18 $460,016.34
2012 11 $2,344.17 $1,328.26 $459,000.43
2012 12 $2,344.17 $1,325.32 $457,981.58
2013 1 $2,344.17 $1,322.38 $456,959.79
2013 2 $2,344.17 $1,319.43 $455,935.05
2013 3 $2,344.17 $1,316.47 $454,907.35
2013 4 $2,344.17 $1,313.50 $453,876.69
2013 5 $2,344.17 $1,310.53 $452,843.04
2013 6 $2,344.17 $1,307.54 $451,806.42
2013 7 $2,344.17 $1,304.55 $450,766.80
2013 8 $2,344.17 $1,301.55 $449,724.18
2013 9 $2,344.17 $1,298.54 $448,678.54
2013 10 $2,344.17 $1,295.52 $447,629.89
2013 11 $2,344.17 $1,292.49 $446,578.21
2013 12 $2,344.17 $1,289.45 $445,523.50
2014 1 $2,344.17 $1,286.41 $444,465.74
2014 2 $2,344.17 $1,283.35 $443,404.92
2014 3 $2,344.17 $1,280.29 $442,341.04
2014 4 $2,344.17 $1,277.22 $441,274.09
2014 5 $2,344.17 $1,274.14 $440,204.06
2014 6 $2,344.17 $1,271.05 $439,130.94
2014 7 $2,344.17 $1,267.95 $438,054.72
2014 8 $2,344.17 $1,264.84 $436,975.40
2014 9 $2,344.17 $1,261.73 $435,892.95
2014 10 $2,344.17 $1,258.60 $434,807.38
2014 11 $2,344.17 $1,255.47 $433,718.68
2014 12 $2,344.17 $1,252.32 $432,626.83
2015 1 $2,344.17 $1,249.17 $431,531.83
2015 2 $2,344.17 $1,246.01 $430,433.67
2015 3 $2,344.17 $1,242.84 $429,332.34
2015 4 $2,344.17 $1,239.66 $428,227.83
2015 5 $2,344.17 $1,236.47 $427,120.13
2015 6 $2,344.17 $1,233.27 $426,009.23
2015 7 $2,344.17 $1,230.06 $424,895.12
2015 8 $2,344.17 $1,226.85 $423,777.80
2015 9 $2,344.17 $1,223.62 $422,657.25
2015 10 $2,344.17 $1,220.38 $421,533.46
2015 11 $2,344.17 $1,217.14 $420,406.43
2015 12 $2,344.17 $1,213.89 $419,276.15
2016 1 $2,344.17 $1,210.62 $418,142.60
2016 2 $2,344.17 $1,207.35 $417,005.78
2016 3 $2,344.17 $1,204.07 $415,865.68
2016 4 $2,344.17 $1,200.77 $414,722.28
2016 5 $2,344.17 $1,197.47 $413,575.58
2016 6 $2,344.17 $1,194.16 $412,425.58
2016 7 $2,344.17 $1,190.84 $411,272.25
2016 8 $2,344.17 $1,187.51 $410,115.59
2016 9 $2,344.17 $1,184.17 $408,955.59
2016 10 $2,344.17 $1,180.82 $407,792.24
2016 11 $2,344.17 $1,177.46 $406,625.53
2016 12 $2,344.17 $1,174.09 $405,455.46
2017 1 $2,556.01 $1,506.40 $404,405.84
2017 2 $2,556.01 $1,502.50 $403,352.33
2017 3 $2,556.01 $1,498.58 $402,294.90
2017 4 $2,556.01 $1,494.65 $401,233.54
2017 5 $2,556.01 $1,490.71 $400,168.24
2017 6 $2,556.01 $1,486.75 $399,098.98
2017 7 $2,556.01 $1,482.78 $398,025.75
2017 8 $2,556.01 $1,478.79 $396,948.53
2017 9 $2,556.01 $1,474.79 $395,867.31
2017 10 $2,556.01 $1,470.77 $394,782.07
2017 11 $2,556.01 $1,466.74 $393,692.80
2017 12 $2,556.01 $1,462.69 $392,599.48
2018 1 $2,556.01 $1,458.63 $391,502.10
2018 2 $2,556.01 $1,454.56 $390,400.65
2018 3 $2,556.01 $1,450.46 $389,295.10
2018 4 $2,556.01 $1,446.36 $388,185.44
2018 5 $2,556.01 $1,442.23 $387,071.66
2018 6 $2,556.01 $1,438.09 $385,953.74
2018 7 $2,556.01 $1,433.94 $384,831.67
2018 8 $2,556.01 $1,429.77 $383,705.43
2018 9 $2,556.01 $1,425.59 $382,575.01
2018 10 $2,556.01 $1,421.39 $381,440.39
2018 11 $2,556.01 $1,417.17 $380,301.55
2018 12 $2,556.01 $1,412.94 $379,158.48
2019 1 $2,556.01 $1,408.69 $378,011.16
2019 2 $2,556.01 $1,404.43 $376,859.58
2019 3 $2,556.01 $1,400.15 $375,703.72
2019 4 $2,556.01 $1,395.86 $374,543.57
2019 5 $2,556.01 $1,391.55 $373,379.10
2019 6 $2,556.01 $1,387.22 $372,210.32
2019 7 $2,556.01 $1,382.88 $371,037.18
2019 8 $2,556.01 $1,378.52 $369,859.69
2019 9 $2,556.01 $1,374.15 $368,677.83
2019 10 $2,556.01 $1,369.76 $367,491.57
2019 11 $2,556.01 $1,365.35 $366,300.91
2019 12 $2,556.01 $1,360.92 $365,105.82
2020 1 $2,556.01 $1,356.48 $363,906.29
2020 2 $2,556.01 $1,352.03 $362,702.31
2020 3 $2,556.01 $1,347.55 $361,493.85
2020 4 $2,556.01 $1,343.07 $360,280.91
2020 5 $2,556.01 $1,338.56 $359,063.45
2020 6 $2,556.01 $1,334.04 $357,841.48
2020 7 $2,556.01 $1,329.50 $356,614.96
2020 8 $2,556.01 $1,324.94 $355,383.89
2020 9 $2,556.01 $1,320.36 $354,148.24
2020 10 $2,556.01 $1,315.77 $352,908.00
2020 11 $2,556.01 $1,311.17 $351,663.15
2020 12 $2,556.01 $1,306.54 $350,413.68
2021 1 $2,556.01 $1,301.90 $349,159.57
2021 2 $2,556.01 $1,297.24 $347,900.80
2021 3 $2,556.01 $1,292.56 $346,637.35
2021 4 $2,556.01 $1,287.87 $345,369.20
2021 5 $2,556.01 $1,283.16 $344,096.35
2021 6 $2,556.01 $1,278.43 $342,818.76
2021 7 $2,556.01 $1,273.68 $341,536.43
2021 8 $2,556.01 $1,268.92 $340,249.34
2021 9 $2,556.01 $1,264.14 $338,957.46
2021 10 $2,556.01 $1,259.34 $337,660.78
2021 11 $2,556.01 $1,254.52 $336,359.29
2021 12 $2,556.01 $1,249.68 $335,052.96
2022 1 $2,726.65 $1,518.35 $333,844.66
2022 2 $2,726.65 $1,512.88 $332,630.88
2022 3 $2,726.65 $1,507.38 $331,411.60
2022 4 $2,726.65 $1,501.85 $330,186.80
2022 5 $2,726.65 $1,496.30 $328,956.45
2022 6 $2,726.65 $1,490.73 $327,720.52
2022 7 $2,726.65 $1,485.13 $326,478.99
2022 8 $2,726.65 $1,479.50 $325,231.84
2022 9 $2,726.65 $1,473.85 $323,979.03
2022 10 $2,726.65 $1,468.17 $322,720.54
2022 11 $2,726.65 $1,462.47 $321,456.36
2022 12 $2,726.65 $1,456.74 $320,186.44
2023 1 $2,726.65 $1,450.98 $318,910.77
2023 2 $2,726.65 $1,445.20 $317,629.31
2023 3 $2,726.65 $1,439.39 $316,342.05
2023 4 $2,726.65 $1,433.56 $315,048.96
2023 5 $2,726.65 $1,427.70 $313,750.01
2023 6 $2,726.65 $1,421.82 $312,445.17
2023 7 $2,726.65 $1,415.90 $311,134.42
2023 8 $2,726.65 $1,409.96 $309,817.72
2023 9 $2,726.65 $1,404.00 $308,495.07
2023 10 $2,726.65 $1,398.00 $307,166.41
2023 11 $2,726.65 $1,391.98 $305,831.74
2023 12 $2,726.65 $1,385.93 $304,491.02
2024 1 $2,726.65 $1,379.86 $303,144.22
2024 2 $2,726.65 $1,373.75 $301,791.32
2024 3 $2,726.65 $1,367.62 $300,432.28
2024 4 $2,726.65 $1,361.46 $299,067.09
2024 5 $2,726.65 $1,355.28 $297,695.71
2024 6 $2,726.65 $1,349.06 $296,318.12
2024 7 $2,726.65 $1,342.82 $294,934.29
2024 8 $2,726.65 $1,336.55 $293,544.18
2024 9 $2,726.65 $1,330.25 $292,147.78
2024 10 $2,726.65 $1,323.92 $290,745.04
2024 11 $2,726.65 $1,317.56 $289,335.95
2024 12 $2,726.65 $1,311.18 $287,920.47
2025 1 $2,726.65 $1,304.76 $286,498.58
2025 2 $2,726.65 $1,298.32 $285,070.25
2025 3 $2,726.65 $1,291.85 $283,635.44
2025 4 $2,726.65 $1,285.35 $282,194.13
2025 5 $2,726.65 $1,278.81 $280,746.29
2025 6 $2,726.65 $1,272.25 $279,291.89
2025 7 $2,726.65 $1,265.66 $277,830.90
2025 8 $2,726.65 $1,259.04 $276,363.29
2025 9 $2,726.65 $1,252.39 $274,889.02
2025 10 $2,726.65 $1,245.71 $273,408.08
2025 11 $2,726.65 $1,239.00 $271,920.42
2025 12 $2,726.65 $1,232.26 $270,426.02
2026 1 $2,726.65 $1,225.48 $268,924.85
2026 2 $2,726.65 $1,218.68 $267,416.88
2026 3 $2,726.65 $1,211.85 $265,902.07
2026 4 $2,726.65 $1,204.98 $264,380.40
2026 5 $2,726.65 $1,198.09 $262,851.84
2026 6 $2,726.65 $1,191.16 $261,316.34
2026 7 $2,726.65 $1,184.20 $259,773.89
2026 8 $2,726.65 $1,177.21 $258,224.45
2026 9 $2,726.65 $1,170.19 $256,667.98
2026 10 $2,726.65 $1,163.14 $255,104.47
2026 11 $2,726.65 $1,156.05 $253,533.87
2026 12 $2,726.65 $1,148.93 $251,956.15
2027 1 $2,726.65 $1,141.79 $250,371.28
2027 2 $2,726.65 $1,134.60 $248,779.22
2027 3 $2,726.65 $1,127.39 $247,179.96
2027 4 $2,726.65 $1,120.14 $245,573.44
2027 5 $2,726.65 $1,112.86 $243,959.65
2027 6 $2,726.65 $1,105.55 $242,338.54
2027 7 $2,726.65 $1,098.20 $240,710.09
2027 8 $2,726.65 $1,090.82 $239,074.26
2027 9 $2,726.65 $1,083.41 $237,431.01
2027 10 $2,726.65 $1,075.96 $235,780.32
2027 11 $2,726.65 $1,068.48 $234,122.14
2027 12 $2,726.65 $1,060.97 $232,456.46
2028 1 $2,726.65 $1,053.42 $230,783.22
2028 2 $2,726.65 $1,045.84 $229,102.40
2028 3 $2,726.65 $1,038.22 $227,413.97
2028 4 $2,726.65 $1,030.57 $225,717.88
2028 5 $2,726.65 $1,022.88 $224,014.11
2028 6 $2,726.65 $1,015.16 $222,302.61
2028 7 $2,726.65 $1,007.40 $220,583.36
2028 8 $2,726.65 $999.61 $218,856.32
2028 9 $2,726.65 $991.79 $217,121.46
2028 10 $2,726.65 $983.93 $215,378.73
2028 11 $2,726.65 $976.03 $213,628.10
2028 12 $2,726.65 $968.09 $211,869.54
2029 1 $2,726.65 $960.13 $210,103.01
2029 2 $2,726.65 $952.12 $208,328.48
2029 3 $2,726.65 $944.08 $206,545.90
2029 4 $2,726.65 $936.00 $204,755.24
2029 5 $2,726.65 $927.89 $202,956.48
2029 6 $2,726.65 $919.73 $201,149.56
2029 7 $2,726.65 $911.55 $199,334.45
2029 8 $2,726.65 $903.32 $197,511.11
2029 9 $2,726.65 $895.06 $195,679.52
2029 10 $2,726.65 $886.76 $193,839.62
2029 11 $2,726.65 $878.42 $191,991.38
2029 12 $2,726.65 $870.04 $190,134.77
2030 1 $2,726.65 $861.63 $188,269.75
2030 2 $2,726.65 $853.18 $186,396.27
2030 3 $2,726.65 $844.69 $184,514.31
2030 4 $2,726.65 $836.16 $182,623.81
2030 5 $2,726.65 $827.59 $180,724.75
2030 6 $2,726.65 $818.99 $178,817.08
2030 7 $2,726.65 $810.34 $176,900.77
2030 8 $2,726.65 $801.66 $174,975.77
2030 9 $2,726.65 $792.93 $173,042.05
2030 10 $2,726.65 $784.17 $171,099.57
2030 11 $2,726.65 $775.37 $169,148.28
2030 12 $2,726.65 $766.53 $167,188.16
2031 1 $2,726.65 $757.64 $165,219.14
2031 2 $2,726.65 $748.72 $163,241.21
2031 3 $2,726.65 $739.76 $161,254.31
2031 4 $2,726.65 $730.75 $159,258.41
2031 5 $2,726.65 $721.71 $157,253.47
2031 6 $2,726.65 $712.62 $155,239.43
2031 7 $2,726.65 $703.50 $153,216.28
2031 8 $2,726.65 $694.33 $151,183.95
2031 9 $2,726.65 $685.12 $149,142.41
2031 10 $2,726.65 $675.87 $147,091.62
2031 11 $2,726.65 $666.57 $145,031.54
2031 12 $2,726.65 $657.24 $142,962.12
2032 1 $2,726.65 $647.86 $140,883.33
2032 2 $2,726.65 $638.44 $138,795.11
2032 3 $2,726.65 $628.98 $136,697.43
2032 4 $2,726.65 $619.47 $134,590.25
2032 5 $2,726.65 $609.92 $132,473.51
2032 6 $2,726.65 $600.33 $130,347.18
2032 7 $2,726.65 $590.69 $128,211.22
2032 8 $2,726.65 $581.01 $126,065.58
2032 9 $2,726.65 $571.29 $123,910.21
2032 10 $2,726.65 $561.52 $121,745.08
2032 11 $2,726.65 $551.71 $119,570.14
2032 12 $2,726.65 $541.85 $117,385.34
2033 1 $2,726.65 $531.95 $115,190.63
2033 2 $2,726.65 $522.01 $112,985.99
2033 3 $2,726.65 $512.02 $110,771.35
2033 4 $2,726.65 $501.98 $108,546.68
2033 5 $2,726.65 $491.90 $106,311.92
2033 6 $2,726.65 $481.77 $104,067.04
2033 7 $2,726.65 $471.60 $101,811.98
2033 8 $2,726.65 $461.38 $99,546.71
2033 9 $2,726.65 $451.11 $97,271.17
2033 10 $2,726.65 $440.80 $94,985.31
2033 11 $2,726.65 $430.44 $92,689.10
2033 12 $2,726.65 $420.04 $90,382.48
2034 1 $2,726.65 $409.58 $88,065.41
2034 2 $2,726.65 $399.08 $85,737.84
2034 3 $2,726.65 $388.54 $83,399.73
2034 4 $2,726.65 $377.94 $81,051.01
2034 5 $2,726.65 $367.30 $78,691.66
2034 6 $2,726.65 $356.61 $76,321.61
2034 7 $2,726.65 $345.87 $73,940.82
2034 8 $2,726.65 $335.08 $71,549.24
2034 9 $2,726.65 $324.24 $69,146.82
2034 10 $2,726.65 $313.35 $66,733.52
2034 11 $2,726.65 $302.42 $64,309.28
2034 12 $2,726.65 $291.43 $61,874.05
2035 1 $2,726.65 $280.39 $59,427.79
2035 2 $2,726.65 $269.31 $56,970.45
2035 3 $2,726.65 $258.17 $54,501.96
2035 4 $2,726.65 $246.99 $52,022.30
2035 5 $2,726.65 $235.75 $49,531.39
2035 6 $2,726.65 $224.46 $47,029.20
2035 7 $2,726.65 $213.12 $44,515.66
2035 8 $2,726.65 $201.73 $41,990.74
2035 9 $2,726.65 $190.29 $39,454.37
2035 10 $2,726.65 $178.79 $36,906.51
2035 11 $2,726.65 $167.25 $34,347.11
2035 12 $2,726.65 $155.65 $31,776.10
2036 1 $2,726.65 $144.00 $29,193.45
2036 2 $2,726.65 $132.30 $26,599.09
2036 3 $2,726.65 $120.54 $23,992.97
2036 4 $2,726.65 $108.73 $21,375.05
2036 5 $2,726.65 $96.86 $18,745.26
2036 6 $2,726.65 $84.95 $16,103.55
2036 7 $2,726.65 $72.98 $13,449.87
2036 8 $2,726.65 $60.95 $10,784.17
2036 9 $2,726.65 $48.87 $8,106.38
2036 10 $2,726.65 $36.74 $5,416.46
2036 11 $2,726.65 $24.55 $2,714.35
2036 12 $2,726.65 $12.30 $0.00
2037 1 $2,726.65 $0.00 $0.00
2037 2 $2,726.65 $0.00 $0.00
2037 3 $2,726.65 $0.00 $0.00
2037 4 $2,726.65 $0.00 $0.00
2037 5 $2,726.65 $0.00 $0.00
2037 6 $2,726.65 $0.00 $0.00
2037 7 $2,726.65 $0.00 $0.00
2037 8 $2,726.65 $0.00 $0.00
2037 9 $2,726.65 $0.00 $0.00
2037 10 $2,726.65 $0.00 $0.00
2037 11 $2,726.65 $0.00 $0.00
2037 12 $2,726.65 $0.00 $0.00
2038 1 $2,726.65 $0.00 $0.00
2038 2 $2,726.65 $0.00 $0.00
2038 3 $2,726.65 $0.00 $0.00
2038 4 $2,726.65 $0.00 $0.00
2038 5 $2,726.65 $0.00 $0.00
2038 6 $2,726.65 $0.00 $0.00
2038 7 $2,726.65 $0.00 $0.00
2038 8 $2,726.65 $0.00 $0.00
2038 9 $2,726.65 $0.00 $0.00
2038 10 $2,726.65 $0.00 $0.00
2038 11 $2,726.65 $0.00 $0.00
2038 12 $2,726.65 $0.00 $0.00
2039 1 $2,726.65 $0.00 $0.00
2039 2 $2,726.65 $0.00 $0.00
2039 3 $2,726.65 $0.00 $0.00
2039 4 $2,726.65 $0.00 $0.00
2039 5 $2,726.65 $0.00 $0.00
2039 6 $2,726.65 $0.00 $0.00
2039 7 $2,726.65 $0.00 $0.00
2039 8 $2,726.65 $0.00 $0.00
2039 9 $2,726.65 $0.00 $0.00
2039 10 $2,726.65 $0.00 $0.00
2039 11 $2,726.65 $0.00 $0.00
2039 12 $2,726.65 $0.00 $0.00
2040 1 $2,726.65 $0.00 $0.00
2040 2 $2,726.65 $0.00 $0.00
2040 3 $2,726.65 $0.00 $0.00
2040 4 $2,726.65 $0.00 $0.00
2040 5 $2,726.65 $0.00 $0.00
2040 6 $2,726.65 $0.00 $0.00
2040 7 $2,726.65 $0.00 $0.00
2040 8 $2,726.65 $0.00 $0.00
2040 9 $2,726.65 $0.00 $0.00
2040 10 $2,726.65 $0.00 $0.00
2040 11 $2,726.65 $0.00 $0.00
2040 12 $2,726.65 $0.00 $0.00
2041 1 $2,726.65 $0.00 $0.00
2041 2 $2,726.65 $0.00 $0.00
2041 3 $2,726.65 $0.00 $0.00
2041 4 $2,726.65 $0.00 $0.00
2041 5 $2,726.65 $0.00 $0.00
2041 6 $2,726.65 $0.00 $0.00
2041 7 $2,726.65 $0.00 $0.00
2041 8 $2,726.65 $0.00 $0.00
2041 9 $2,726.65 $0.00 $0.00
2041 10 $2,726.65 $0.00 $0.00
2041 11 $2,726.65 $0.00 $0.00
2041 12 $2,726.65 $0.00 $0.00
 Assumptions from previous page
Mortgage Balance
(opening) 470016
Amortization 25

Interest rates Stated rate

First 5 Years 0.0349
Next 5 Years: 0.045
Final 15 Years 0.055

Calculations
monthly factor monthly payment
First 5 Years 0.29% $2,344.17
Next 5 Years: 0.37% $2,556.01
Final 15 Years 0.45% $2,726.65