Home/ Buying/ Rent vs Buy Calculator
Free buyer tool

Rent or buy?

Over the years you plan to stay, is it cheaper to keep renting or to buy? This tool compares total rent paid against the real cost of owning, after the equity you'd build.

Your situation

£300£4,000
£50,000£2,000,000
£0£600,000
1.0%10.0%
1 year30 years
0%8%

A guide only. Assumes a 25-year repayment mortgage, rent rising ~3% a year, buying costs (stamp duty estimate, legal, survey) and ~1% a year ownership upkeep. "Cost of owning" is total spent minus the equity you'd hold at the end.

Over your time in the home
Buying could cost £61,200 less
once you account for the equity you'd build
Renting
£89,400
total rent paid
Buying
£28,200
net cost of owning

Owning over 7 years

Total mortgage payments
£105,000
Upfront buying costs
£5,200
Ownership upkeep
£17,500
Equity you'd hold at the end
£99,500
Browse homes to buy → What can I afford?
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