The purchase price of the home that you wish to buy.
The expected percent interest rate you will get on your mortgage.
The percent deposit you wish to put towards the home.
The expected average yearly percentage increase in value of your home.
The repayment term in years. (25 years is common).
How long do you plan on living in this location?
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.