Is it better for you to Rent or Buy?

Inputs

House price Tooltip

Enter the total value of the home you are looking at

Deposit

How much of a deposit would you be putting down (usually between 5% and 10% of the home value)

Mortgage interest rate Tooltip

What interest rate would you be paying on your mortgage

Mortgage term Tooltip

Over how many years would you be paying off your mortgage

Location

Where in the UK is the home

First time home buyer? Tooltip

First time buyers receive relief on stamp duty or land tax depending where in the UK they are buying

Yes No

Does your mortgage cover your Stamp Duty and other closing costs? Tooltip

Does your mortgage cover stamp duty or other taxes?

Yes No

Other fees (Legal, Survey, Mortgage arrangement) Tooltip

Any other fees that need to be accounted for?

Annual Costs (Buying)

Council Tax Tooltip

Estimated annual council tax payment for your new property (average is £1,700)

Annual Maintenance cost Tooltip

Estimated annual maintenance costs for your new property

Annual Home Insurance Tooltip

Estimated annual home insurance costs for your new property (average is £250)

Renting Details

Rent per month Tooltip

Estimated monthly rent

Annual Rent increase Tooltip

Annual rent increase in your lease agreement (historical average is 3%)

Investment Assumptions

Expected Investment Return Rate Tooltip

Expected returns in the stock market (FTSE100 historical average is 5%)

Investment Return Volatility Tooltip

Expected stock market volatility for future projections (FTSE historical volatility is approximately 14.7%)

Expected Home Value Appreciation Rate Tooltip

How much do you expect your house value to go up each year (historical average is 3%)

Results

Simulation Results (Based on 100 Simulations over 30 Years)

Median Final Home Value (Buying): £0

Median Final Investment Value (Buying Savings): £0

Median Net Worth Increase (Buying): £0

Median Final Investment Value (Renting): £0

Median Net Worth Increase (Renting): £0

Comparison (Simulation Results)

Average Difference (Buy Net Worth - Rent Net Worth): £0

Median Difference (Buy Net Worth - Rent Net Worth): £0

Probability Buying is Better: 0%

Probability Renting is Better: 0%

Rent vs Buy Calculator

Inputs

Annual Costs (Buying)

Renting Details

Investment Assumptions

Results

Simulation Results (Based on 100 Simulations over 30 Years)

Values After Mortgage Term

Simulation Results (Based on 100 Simulations over 30 Years)

Comparison (Simulation Results)

Buy V Rent graph