Calculate and estimate
Buy or rent
Should I buy or rent my home?
As from 2 years in this home, buying is better than renting
€32,183
Buying
€64,107
Renting
STEP 1 · YOUR DETAILS
€100,000
20 years
including
Interest rate
4.20%
Annual home value increase
2% / year
As from 2 years in this home, buying is better than renting
year 3
Renting
Buying (excluding proceeds)
Buying (including proceeds)
Monthly charge
€1,915
€2,661
€2,174*
Total cost
€64,107
€184,997
€32,183
Selected year
Cost explanation over 3 Years
Renting
Security deposit€ 3 500
+ Agency fee€ 2 047
= Upfront costs€ 5 548
Rent€ 63 632
+ Rental charges€ 4 168
+ Renter insurance€ 456
= Recurring costs€ 68 256
Return from cost savings€ (6 196)
= Other impacts€ (6 196)
Renting cost (excluding proceeds)€ 67 607
Security deposit€ 3 500
= Net proceeds€ 3 500
Renting cost (including proceeds)€ 64 107
Buying
Down payment€ 100 000
+ Home acquisition costs€ 3 031
+ Mortgage closing costs€ 3 746
= Upfront costs€ 106 777
Principal€ 40 833
+ Interests€ 47 953
+ Property charges & maintenance€ 4 591
+ Mortgage insurance€ 1 680
+ Property tax & communal charges€ 383
+ Home owner insurance€ 306
= Recurring costs€ 95 746
Tax savings€ (17 527)
– Return from cost savings–
= Other impacts€ (17 527)
Buying cost (excluding proceeds)€ 184 997
Home value€ 530 604
– Mortgage balance€ (359 167)
= Home equity€ 171 437
– Agency fee€ (18 624)
– Capital gain tax–
– Tax credit payable–
= Net proceeds€ 152 813
Buying cost (including proceeds)€ 32 183
* This amount corresponds to your monthly charge for buying net of tax savings resulting from the financing of your home via mortgage