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Aug
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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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