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Aug
23
251 properties are on view this weekend
The MyHome.ie 'Rent or Buy' calculator enables prospective first time buyers to compare the ongoing costs of renting with those of purchasing a house and servicing a mortgage and allows them to make informed decisions based on varying scenarios of property price & rental cost drops / increases

Renting vs Buying

per month
Advanced - Specify year-on-year changes

Annual changes in rent price:

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Annual changes in purchase price:

  • %
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Tweet Your Results >>

You should Rent

You should Buy

You should Rent then Buy

  • If you Buy
    10 year cost
    +
    Capital owing
    =
    10 yr cost + capital owing
  • Rent for 5yrs then Buy
    10 year cost
    +
    Capital owing
    =
    10 yr cost + capital owing
  • If you Rent
    10 year cost
    +
    Capital owing
    =
    10 yr cost + capital owing

Estimates based on a mortgage rate of 6% over 30 years and a savings rate average of 3.2% More info >>

Disclaimer: 'This calculation doesn't constitute advice, seek the advice of a professional advisor before considering any large financial transaction, MyHome.ie accepts no responsibility for what people do with these calculations. Please see the methodology details for more information.

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