Rent or Buy?
Purchase price
$
Deposit
$
Mortgage rate (annual %)
Cost of buying (% of price: taxes, legal, survey)
Cost of selling (% of price: agent, legal)
Yearly cost of owning (% of price: tax, insurance, upkeep)
Rent for something similar (per month)
$
Assumed yearly price growth (%)
Years you expect to stay
Cheaper over that period
Buying, by $29,198
Net cost of buying
$96,802
Net cost of renting
$126,000
Years before buying wins
4 years
Calculator by
Rent vs buy
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