Rent or Buy

Tool Description

This tool allows you to compare the costs of buying a house versus renting over a defined period. By taking into account various parameters such as rent, house price, down payment, loan fees, insurance, and interest rates, it helps you understand if buying a house is more advantageous for you.

Concrete Example :

Imagine you pay a monthly rent of €800, and you plan to buy a house worth €200,000 with a down payment of €20,000. You take out a loan of €180,000 over 20 years with an annual interest rate of 2%. This tool will help you calculate when it would be profitable to sell the house and what the total gain compared to renting would be.