Rent vs. Buy Calculator

Is it more affordable for you to rent or buy a home? Depending on how long you plan to stay in a home can have a major impact on whether buying or renting will be most beneficial. Our handy calculator gives you an idea of how many years it’ll take to breakeven, or before the cost of purchasing a home equates to the amount you’ll spend on rent.

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Connect with a Penrith Mortgage Consultant if you have any questions along the way.

DISCLAIMER: This calculator tool is for education purposes and calculations are based upon user input. Default amounts are hypothetical and may not apply to your individual situation. This calculator provides approximations for informational purposes only. Actual results provided by your lender will likely vary depending on your eligibility, mortgage insurance, mortgage insurance premiums, HOA fees, current market rates, etc. This is not an advertisement for the above terms, an offer to extend credit nor a commitment to lend.