| Purchase Price |
The purchase price of the home that you wish to buy. |
| Interest Rate |
| The expected percent interest rate you will get on your mortgage. |
| Down Payment |
The percent deposit you wish to put towards the home. |
| House Appreciation |
The expected average yearly percentage increase in value of your home. |
| Term |
The repayment term in years. (25 years is common). |
| How Long? |
How long do you plan on living in this location? |
| Monthly Rent |
The monthly amount that you (would) pay in rent. |
| Rent Rate Increase |
The expected average % rate that your rent will increase each year. 2.6% is average. |
Rent vs. Buy Calculator |
This calculator will assist you in determining the likely long term cost of renting or buying a home. Mouse over the item to get a description.
| Calculations by this calculator are estimates only. There is no warranty for the accuracy of the results or the relationship to your financial situation. Powered by www.greengem.co.uk - Green Gem Financial Limited. |