Rent vs Buy Calculator
Deciding whether to rent or buy a home is a major financial decision. This calculator helps you compare the potential financial outcomes of buying a property versus renting over a specified period, considering various costs and investment assumptions.
Buying Scenario
Renting Scenario
Comparison
Results After 10 Years:
If You Buy:
Projected Home Value: $846,359
Remaining Loan Balance: $396,197
Estimated Home Equity: $450,162
Total Out-of-Pocket (Buy): $527,046
Net Financial Position (Buy): $450,162
If You Rent:
Total Rent Paid: $268,881
Value of Invested Savings: $390,691
Total Out-of-Pocket (Rent): $268,881
Net Financial Position (Rent): $390,691
Buying appears to be better by $59,472
Buying becomes more favorable than renting around year 5.
Note: This calculator provides a simplified comparison and involves many assumptions about future rates and costs. It does not account for tax implications (e.g., capital gains tax, negative gearing), selling costs, or lifestyle factors. Actual outcomes can vary significantly. Always seek personalized professional financial advice.
Loan Repayment Calculator
Estimate your potential loan repayments and understand your financial commitments.
Calculate NowStamp Duty Calculator
Determine the stamp duty payable on your property purchase in different states.
Calculate NowBorrowing Power Calculator
Find out how much you might be able to borrow based on your income and expenses.
Calculate NowProperty Investment Return
Assess the potential return on your property investment, including rental yield and capital growth.
Calculate NowMortgage Offset Calculator
See how an offset account can help you save on interest and pay off your mortgage faster.
Calculate NowRent vs Buy Calculator
Compare the financial implications of renting versus buying a property.
Calculate Now