Peach Financial Rent v Buying
Rent versus Buy - roll the diceThis calculator will help you to compare the costs of renting to the costs of buying a home. Since there are all kinds of forces at work behind the scenes (interest, property taxes, tax savings, appreciation, opportunity costs, closing costs, selling costs, etc.), comparing the cost of renting to the cost of buying is a lot more complicated than just comparing the monthly mortgage payment to the monthly rent payment. This calculator attempts to forecast the net effects of all the hidden forces so you can make an informed decision.

Help Buttons: For pop-up explanations of any of the entry fields, click the radio button next to the description.

How much rent you pay per month ($):
Expected annual inflation rate (%):
Purchase cost of home include stamp duty etc ($):
Deposit (inc FHOG) ($):
Length of mortgage term (# of years):
Mortgage annual interest rate (%):
Lender's Mortgage Insurance (LMI) ($):
Homeowner's insurance rate (%):
Monthly Strata fees if applicable ($):
Average monthly repairs & maintenance ($):
Annual Council Rates ($):
Interest rate you could earn on savings (%):
Expected increase in home value each year (%):
Number of years you will stay at this property:
Real Estate Commission (%):
Total estimated cost of renting:
Total estimated cost of buying: