How it works
'Rent or buy' isn't answered by comparing monthly costs alone. Buying incurs acquisition/holding taxes but captures price appreciation, while renting forgoes the opportunity cost of the deposit (assumed 3% annual return). This calculator compares the net cost of both paths. Still weigh non-financial factors like living satisfaction and moving hassle.
FAQ
Q. How do I estimate future price growth?
A. Reference your area's 5–10 year average growth rate, but err conservatively lower.
Q. Why isn't mortgage interest included?
A. Loan terms vary too much by individual — use the loan interest calculator separately and add it to this comparison.