Interactive Calculators: Buy or Rent

Given the costs attached to buying a property, it can sometimes be worth renting instead, especially if you are only planning to live in your new home for a short period of time.

Fill out the form below to compare the total outlay over a set period of time involved in renting or buying a property of the same value. Hold your cursor over the various fields for a pop-up explanation of what the field value relates to. The fields are initially populated with some default values as a suggestion:

House purchase price

Mortgage loan amount

Annual rent on equivalent property

Rent reviewed every

Buying costs

Selling costs as a % of house price

Annual maintenance costs:

     - as owner occupier

     - as tenant

Average mortgage interest rate payable

Maintenance costs inflation rate

House price inflation rate

Initial tenant's free capital

Assumed net return on tenant's capital

Calculate for  (48 max)

Conclusion

Renting is better for the first years

Calculate Show Table