Rent vs Buy Calculator
Compare renting with buying over a chosen horizon. Neutral view — no assumptions that either is 'better'.
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yrs
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Total rent paid
$327,867
Total ownership outlay
$488,706
incl. buying costs
Estimated equity
$482,128
Property est. $962,159
Investment (renter savings)
$143,268
Net cost — rent (10 yrs)$264,599
Net cost — buy (10 yrs)$6,578
Neither option is universally better. Buying builds equity but ties up capital and adds costs; renting stays flexible but doesn't build the asset.
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Key assumptions
- Rent grows at the rate you set each year.
- Property value grows compounded annually.
- Renter invests the deposit and earns your set return.
- Ignores tax, insurance nuances, and selling costs.
This calculator provides a general estimate only. Results are based on the information entered and the assumptions shown. Actual lender calculations, fees, rates, eligibility criteria and outcomes may vary. The results are not a loan approval, credit advice, financial advice, legal advice or tax advice. Speak with Box Seat Finance for an assessment based on your individual circumstances.