Our calculator is designed to help you compare the cost of buying to the cost of renting.
There is much more to the decision than simply comparing monthly rent to potential monthly mortgage payments. The calculator has been designed to incorporate all the key financial factors that need to be taken into consideration.
To find out which option is best for you, fill in the white input fields and adjust the slider values in the form below and then press the calculate button.
The chart shows losses or savings versus the monthly rent.
If you were to rent, everything above zero on the vertical axis would be loss and everything below it would be a saving (and the opposite for if you were to buy). Therefore, it is possible to tell how much you would need to be paying in rent to make buying an equivalent property financially worthwhile.