Should I Rent or Buy Calculator

Compare the financial pros and cons of renting versus buying a home in your area.

Your Details

Monthly rent

Property price

Deposit available

Mortgage rate (%) - 5.50%

5.5

Mortgage term (years)

Assumptions

Annual property growth (%) - 2.5%

2.5

Annual investment return (%) - 6.0%

Years to compare

Results

Renting

Total rent paid:£120,000

Wealth after:£107,451

Buying

Total costs:£137,832

Home + equity worth:£443,651

Recommendation

Renting

Based on a 10-year comparison period

Details

Monthly mortgage payment

£1,473.81

Deposit (LTV)

20.0%

Equity built in 10 years

£59,626

Property growth

£84,025

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