How It Works

1. Input Your Details:

   • Property Details:

     • Purchase Price: Enter the total cost of the property you are considering buying.

     • Deposit: Input the amount you plan to pay upfront.

     • Property Transfer Costs: Include any additional costs associated with purchasing the property.

     • Loan Term: Specify the duration of your mortgage in years.

     • Interest Rate: Enter the annual interest rate for your mortgage.

   • Expenses:

     • Monthly Rates and Taxes: Input your expected monthly rates and taxes.

     • Monthly Home Insurance: Enter your monthly home insurance cost.

     • Monthly Maintenance Cost: Estimate your monthly maintenance expenses.

     • Monthly Levies: Include any monthly levies applicable.

     • Annual Expense Growth Rate: Anticipate the annual increase rate of these expenses.

   • Rent Details:

     • Monthly Rent: Enter the current monthly rent you would pay.

     • Annual Rent Increase: Estimate the annual percentage increase in rent.

   • Growth Rates and Period:

     • Property Appreciation Rate: Input the expected annual appreciation rate of the property's value.

     • Investment Return Rate: Enter the annual return rate you expect from investments (if renting and investing savings).

     • Calculation Period: Specify the number of years over which you want to compare renting and buying.

2. Calculate Results:

   • Click the "Calculate" button to process your inputs.

   • The calculator will compute and display:

     • Total Costs over the specified period for both renting and buying.

     • Equity/Investment Value at the end of the period for both options.

     • Net Financial Position for renting and buying.

     • A summary message indicating which option is financially better over the chosen period.

3. Visualize Data:

   • A chart will display the net financial position difference between buying and renting over the years.

   • This visual aid helps you understand how the financial positions evolve annually.