Quote:
Originally Posted by Radley77
Is it worse to throw money at the banks in interest charges and maintenance cost?
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The one default on that calculator is something like 7.5% interest on the mortgage. I dropped it down to 6- although I'm only paying 5.2% now.
Also bump that rent up to $1500 from $1000. More realistic in today's market in Calgary.
Don't get me wrong- renting is right for many people; including myself not too long ago.