Rent Or Buy Calc Annual

How To Use This Calculator

This calculator estimates whether renting or buying is a better financial decision.

Input the details of the house you're planning to rent, and the house you're planning to buy.

If your options show you will spend $1,500/month as a buyer, but $1,000 month as a renter, it will be assumed the $500 difference will be invested. You can choose the assumed rate of return (around 8% is a good benchmark for stocks, and 3% for bonds or term deposits). The calculator also takes into the account the estimated increase in the value of your home as a buyer.

Note: These calculations are guidelines only! Always do your own calculations before investment decisions.

BUY DETAILS

RENT DETAILS

After 30 years

If you buy: View detail

You will spend this much on homeowner expenses and deposit -$414,089.37
You will spend this much on mortgage interest -$587,922.38
You will spend this much on mortgage repayments -$800,000.00
You home value will increase by this much $3,321,942.38
You will earn this much investing your savings from not renting $0.00
Your final position will be $2,519,930.63

If you rent: View detail

You will spend this much on rent -$618,480.40
You will spend this much on renter expenses -$23,787.71
You will earn this much investing your savings from not buying $4,950,215.25
Your final position will be $4,307,947.14