Rent or Own Calculator

Is it better financially to rent, or own your home?

Choose a period years

Owning		Renting
	Market Price		Rent per week
interest only Loan	Mortgage interest rate		Bond
	Mortgage		Rental fees paid
	Estimated capital growth (Real rate of return net of inflation)
	Rate of return if equity invested (net of tax, net of inflation)
average / year	Council rates, body corporate fees etc
average / year	Maintenance (including painting every 8-10 yrs)
	House Insurance (excluding contents)

Net cost of owning		Net cost of renting
	Total loan interest paid		Opportunity cost of bond
	Opportunity cost of Equity in house		Opportunity cost of rental fees paid
	Maintenance, rates, & insurance		Total rent paid
	Opportunity cost of maintenance, rates & insurance		Opportunity cost of rent paid
	Less, increase in market value at end of period
	Less the increase in funds invested (dollars if rent paid less interest payments)
	Net cost of ownership		Net cost of renting