Rent vs Buy Calculator

Compare the true cost of renting versus buying over time

Buying

Property price ($)

Deposit ($)

Default 20% of property price

Interest rate (%)

Loan term (years)

Annual property costs ($)

Council rates, insurance, maintenance

Capital growth rate (% p.a.)

Renting

Weekly rent ($)

Annual rent increase (%)

Investment return on savings (% p.a.)

What you'd earn investing the deposit instead

Time horizon

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

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