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.