Compare the cost of renting against buying a home over 5, 10 or 15 years. Enter your rent, the home price and mortgage details to see which option costs less — a simplified estimate for your own research, not financial advice.
How to Use
- Enter your current monthly rent and the price of the home you would buy.
- Add your deposit percentage, mortgage interest rate and loan term.
- Choose a comparison period of 5, 10 or 15 years.
- Press Compare and read which option costs less, and by roughly how much.
Key Features
- Side-by-side totals — renting versus buying over the same period.
- Mortgage maths included — monthly payments worked out from the rate and term.
- Deposit counted — your down payment is part of the buying total.
- Three time horizons — compare over 5, 10 or 15 years.
- 100% private — runs entirely in your browser; nothing is sent or stored.
FAQs
Is this financial advice?
No. It is a simplified estimate to support your own research. It leaves out maintenance, insurance, taxes, rent rises and house price changes — speak to a qualified adviser before deciding.
How is the mortgage payment worked out?
With the standard amortisation formula: the loan amount, the monthly interest rate and the number of monthly payments give a fixed monthly figure.
Does the buying total include the deposit?
Yes. The buying total is your deposit plus all mortgage payments made during the comparison period.
Why might renting still come out cheaper?
Deposits tie up a large sum, and owners also pay for maintenance, insurance and taxes. Over short periods those costs can outweigh the benefits of buying.
Related Tools
Try these related tools: Mortgage Calculator, Rent Calculator and Loan Comparison Calculator.