Property
Loan
Tax
Status
Years to Possession3 Years
0
2
4
6
8
10 Years
Expected Property Appreciation (per year)10%
0
20
40
60
80
100 %
Buying is better if you stay for
5 years or Longer
Buying Cost
Rs 83.2 Lac
Renting Cost
Rs 71.8 Lac
Annual Savings (in Lac)
Buying or Renting?
Should I go for buying or renting a house is the question everyone faces at some point in life. To determine this one has to consider various factors such as property price, rental amount, loan details, prospects for appreciation & taxes. To make the decision easier, we have the Buy vs Rent Calculator designed for you that will help you in making the right choice.
How does this calculator work?
This calculator compares the expenses during buying and renting. It depends on the inputs like:
- Property Prices
- Appreciation Rate
- Monthly Rent
- Home Loan Rate & Tenure
- Appreciation Rate
The calculator then determines buying cost & renting cost and displays the break even period.