Rent vs Buy Calculator
Compare the cost of renting versus buying in a simpler way. This calculator estimates your monthly outgoings, projected owner equity and renter investment value over time, so you can see which path may suit your current goals better.
Your numbers
Adjust the property, loan and rent assumptions below. The calculator updates your projected outcome over your selected time frame.
Your comparison
This is an illustrative comparison only. It does not replace personal financial, tax or credit advice.
Buying looks stronger
Based on the assumptions entered, buying may leave you in a stronger net position over the selected timeframe.
Buy the property
Rent and invest
Final position comparison
| Year | Buyer net position | Renter net position | Buyer advantage |
|---|
Rent vs Buy FAQs
Does this calculator tell me if I should definitely buy?
No. It gives an estimate based on your chosen assumptions. A real decision should consider your borrowing capacity, deposit, goals, job stability, lifestyle needs and property market conditions.
What does the renter investment value mean?
It estimates what the renter could accumulate by investing the deposit, upfront buying costs and any monthly savings where renting costs less than buying under the same assumptions.
Why can buying still win even if monthly costs are higher?
Because over time the property may grow in value while the loan balance reduces, creating equity. Depending on assumptions, that equity may outweigh higher short-term costs.
Can LoanFi help me work out the real numbers?
Yes. LoanFi can help review borrowing capacity, deposit position, upfront costs and loan options so you can compare renting and buying with more confidence.