Compare renting and investing your savings with buying a home, over the years you choose.
Renting comes out ahead by
$71,204
- Renting: savings
- $1,284,835
- Buying: home equity and savings
- $1,213,631
- Loan repayment per month
- $2,725.39
- Cash needed to buy
- $50,000
Yr 30
Rent: savings$1,284,835
Buy: home equity$1,213,631
Calculator results are indicative estimates only and do not constitute a finance quote, offer, approval or financial advice. Actual repayments, rates, fees and loan terms depend on the lender, product and individual circumstances.
How the rent vs buy figures are worked out
- 01
Renter and buyer start with the same savings. The buyer uses them for the deposit and buying costs.
- 02
Each month, whoever spends less invests the difference at the return you set.
- 03
The result compares the renter's savings with the buyer's home equity and savings.
Calculator results are indicative estimates only and do not constitute a finance quote, offer, approval or financial advice. Actual repayments, rates, fees and loan terms depend on the lender, product and individual circumstances.
- Borrowing powerUse your income, expenses and debts to estimate how much you could borrow.
- Split loanWork out the costs of splitting your loan into a fixed and a variable portion.
- Home loan offsetEstimate how much interest you could save by keeping your savings in an offset account.
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