What this calculator helps you compare
This tool compares two simplified financial paths over the same timeframe. In the buying scenario, it models a repayment mortgage, ongoing owner costs, house price growth and selling costs. In the renting scenario, it assumes the upfront cash you did not tie up in a purchase stays invested, and the monthly cost gap between the two options is also invested or drawn down.
What is included
- Mortgage payments and outstanding balance
- Deposit, mortgage fees and upfront buying costs
- Maintenance, service charge and home insurance style running costs
- Rent, rent increases and renter running costs
- Estimated property growth and sale costs
- An investment return assumption for the renting route
What it does not include
It does not model tax on investments, emergency repairs, remortgage changes, furnishing costs, lifestyle preferences, or the flexibility value of renting. It is best used as a planning tool rather than a definitive answer.
This calculator provides general estimates only and does not constitute financial, mortgage, tax, or legal advice.