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Rent vs Buy Calculator

Compare the long-term costs of renting versus buying

Property Price
Terraced house
£300,000
£100k£1M
Monthly Rent
£16,800/year
£1,400/month
£200£5,000
Deposit (10%)
~0.74% + base rate
£30,000
£0£240,000
LTV:
Interest Rate
5.9%
1.0%10.0%
Results

Over 25 years

Buying looks better

Based on these assumptions, buying builds £359,135 more wealth over 25 years.

Buying ahead by£359,135

Monthly Mortgage

£1,723

Monthly Rent

£1,400

Break-even Point

When buying becomes better than renting

Year 7

After 25 Years

If you buy£628,133 equity
Property value: £628,133 | Paid: £638,323
If you rent£243,191 savings
Total rent paid: £612,516

Ready to calculate your mortgage?

Mortgage Calculator