Rent vs. Buy calculator

Torn between renting and buying a home? Let the numbers guide you.

Our Rent vs. Buy Calculator helps you compare the long-term financial impact of renting a property versus buying one—so you can make a more informed, confident decision.

Whether you’re a first-time buyer wondering if it’s the right time to enter the market, or a long-term renter thinking about investing in your future, this tool breaks it down in a simple and visual way.

How to use the calculator:

1. Input your current financial situation: how much you have saved and the estimated average interest rate for your savings.

2. Enter your rental details: Start with your current (or expected) monthly rent and how much that rent might increase each year.

3. Add your buying information: Enter the price of the property you’re considering, your deposit amount, loan details (interest rate, term), and any ongoing costs.

4. Set your timeframe: Choose how long you plan to rent/stay in the property in the Time period of analysis—this helps determine which option could save you more in the long run.

5. Compare the outcomes: The calculator will show a comparison of the total asset that you can have over your chosen time period with renting versus buying options, factoring in home equity, property growth, and rent increases.

By visualizing the numbers, you’ll get a clearer picture of what makes the most sense for your situation—financially and personally.(