Rent vs Buy Calculator

Do I rent a property or buy it straight away? It is a dilemma that many people face when they are making some important financial decisions in their life. A smart financial decision helps you in both the short and the long run.

Rent or buying is a decision that you should make in terms of your financial situation, affordability and needs. Our Rent vs Buy Calculator will suggest which option is better considering your financial future. The calculator gives you an indication of a better choice when it comes to renting or buying. The calculator is just an indicator and you can consult our professionals for a detailed financial advice.

The financial decisions you make today can have an impact on your future finances. To assist you  in making such important decisions, this calculator is the perfect tool.

How to use our Rent vs Buy Calculator?

Our calculator uses specific financial details to give you an indication of better choices in terms of finances. It compares the two options by using your financial information, renting costs and buying costs.

All you have to do is enter the details requested by the calculator.

What financial details are necessary for Rent vs Buy Calculator?

Rent vs Buy Calculator considers your Financial position, Rent details, and Buy details to indicate which option is better for you.

Enter these details to get an indication of :

How much have you saved? : Enter your total savings.

Savings/Investment return: The return you receive if your money is invested.

Time period of Analysis: Time duration in which you invest your savings in other ventures instead of property.

Rent Amount: Enter your current rent amount

Rent Increase p a. : Yearly percentage increase on your current rent.

House purchase price: The initial purchase price of property.

Upfront purchase costs: Enter the property buying costs.

Ongoing costs: Miscellaneous ongoing costs.

Ongoing cost increase p a: Increase in ongoing costs over time (2-3%).

House Appreciation p a. : Increased value of property in percentage per year.

Loan amount: The money you intend to borrow.

Loan term: The time duration within which you intend to pay back the loan.

Loan monthly repayments: Monthly repayments to pay back the loan.

Once the details are entered, the calculator will show the best option along with a financial analysis. Check the “Assumption” to understand the conditions that have been assumed.. 

Rent vs Buy Calculator is simple to use. It gives you a concise financial analysis regarding the renting vs buying option. Make a smart financial decision that suits your financial situation.

Contact us

Would you like to schedule a call with us at your most convenient time?
Please click here for a call back!

XIN Mortgage secures the ideal loan tailored to your preferences while providing you with lifetime customer service aided by our latest technology, all while rewarding you with a share of our trail commission.

We make your home loan rewarding.

Industry Awards





Contact us

Suite 601, 161 Walker Street
North Sydney NSW 2060 , Australia
Phone: 1800 896 817
Fax: 02 8904 0437
2020 © All Rights Reserved.
XIN Mortgage Pty Ltd ABN 52 603 640 786 is a Credit Representative of Vow Financial Pty Ltd ABN 66 138 789 161, Australian Credit Licence 390261, Level 11, 1 Chifley Square, Sydney NSW 2000.