Rent vs Own Analyzer
Should you buy or continue renting?
Property & Financial Details
Enter details to compare renting vs buying
Comparison Results
Financial analysis over the loan tenure
Enter property details and click "Compare" to see the analysis
How Do Rent vs Own Calculators Work?
Rent vs Own calculators help you compare the financial implications of renting versus buying a home by calculating total costs, property appreciation, and net savings over time. Here's a step-by-step explanation:
Enter Property and Financial Details
Input home price, down payment, loan tenure, interest rate, current monthly rent, annual rent increase, and property appreciation rate. These factors determine the total cost of buying versus renting over the loan tenure.
Calculate Total Costs
The calculator computes total cost of buying (down payment + EMIs + interest) and total cost of renting (monthly rent adjusted for annual increases). It also calculates property value after the loan tenure based on appreciation rate.
Compare and Decide
The calculator shows net savings (buying vs renting) by comparing total buying costs with total renting costs, adjusted for property value appreciation. If net savings are positive, buying makes financial sense. If negative, renting may be better financially.
Understanding Your Rent vs Own Calculation
Learn how rent vs own calculations work
Understanding Rent vs Own Analysis
Rent vs Own calculators help you make an informed decision about whether to rent or buy a home by comparing total costs, property appreciation, and net savings over the loan tenure.
Key Points:
- •Total buying cost = Down payment + EMIs + Interest over loan tenure
- •Total renting cost = Sum of monthly rent adjusted for annual increases
- •Property appreciation increases the value of owned property
- •Net savings = (Property value - Total buying cost) - Total renting cost
- •Consider your job stability and long-term location plans
Frequently Asked Questions
Common questions about rent vs own
Disclaimer
These calculators are for estimation and educational purposes only. For personalized financial advice, please consult a qualified financial advisor or chartered accountant.
All calculations are based on standard formulas and current tax laws. Actual results may vary based on individual circumstances and applicable regulations.
Rent vs Buy House: Which Is Better in India?
Renting versus buying a house is one of the biggest financial decisions in India. While owning a home is often seen as a milestone, renting can sometimes be a smarter financial choice.
When Does Buying a Home Make Financial Sense?
Buying a home is not always a good or bad decision—it depends on timing and financial readiness. Knowing when buying makes sense helps avoid long-term financial stress.
Hidden Costs of Owning a House You Should Know
Many homebuyers focus only on property price and EMI, but owning a house involves several hidden costs. Ignoring these expenses can significantly impact long-term finances.