Rent vs buy
Rent or buy?
$
$
%
$/wk
%/yr
%/yr
%/yr
% of value
years
- Mortgage repayment$3,328/month
- Rent now$2,687/month
The renter invests the deposit and any money left over compared with owning. Owner equity allows about 3.5% to sell plus legal fees. Ignores tax. A rough guide to the trade-off, not advice.