Rent vs. Own Calculator
This calculator will add a file, known as a local shared object or a Flash cookie, to your computer. This file contains configuration information, as well as information you enter and the calculator results you are presented. CIBC does not use the information in local shared objects for analytical or other purposes. You can remove all local shared objects created by CIBC Flash tools from your computer using instructions found here.
*For illustration purposes only. The Rent vs. Own Calculator calculation is based on the information you provide and a 2% rate of inflation. Calculation assumes the interest rates and amortization time frame that you provide remain the same over 10 years. Rates and amortization may vary in real life scenarios. Comparisons of increases in value as between home equity and rent / investments are based on a comparison between the down payment amount plus the full price of the home that you provide versus the rent amount and investment amount (i.e. the down payment amount that is invested) that you provide. Actual increases in value and/or rates of return for investments and increases in home equity values may not be as illustrated and will vary. The maximum amortization for an insured Mortgage is 25 years.
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