Rent vs Buy Calculator
Compare the true cost of renting versus buying over time
Buying
Default 20% of property price
Council rates, insurance, maintenance
Renting
What you'd earn investing the deposit instead
Over 10 years
Buying is better by $95,674
Buying Summary
- Total spent
- $656,676
- Mortgage payments
- $431,676
- Deposit
- $150,000
- Property costs
- $75,000
- Total wealth at end
- $719,557
- Property value
- $1,221,671
- Remaining loan
- -$502,114
- Monthly repayment
- $3,597/mo
- Net gain
- +$62,880
Wealth at end minus total spent
Renting Summary
- Total spent
- $327,867
- Rent paid over 10 years
- $327,867
- Total wealth at end
- $295,073
- Deposit invested
- $150,000 → $295,073
- Net cost
- -$32,794
Portfolio value minus total rent paid