Buy vs rent: should you buy, or keep renting?
Enter the price of the home you're looking at and the rent for a similar one. You'll see which choice leaves you better off, and from which year buying starts to pay.
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Buy or rent?
- With rent you pay every month to live in a home. With a mortgage, every payment brings the loan down and the home slowly becomes yours.
- Buying also has costs that renting doesn't: the down payment, the purchase and loan costs, maintenance, insurance and ENFIA property tax.
- To compare fairly, the calculation assumes a renter invests the money they didn't put into buying, plus the monthly difference whenever rent is cheaper.
- At the end it compares what you're worth with each choice: the home less what you still owe, against your savings as a renter.
Your details
Down payment
€40,000 down payment · €160,000 loan
Assumptions: costs, owning and returns
We've put in typical figures. Change them if you know your own.
After 10 years, buying could leave you better off by about
€52,248
The difference in your net worth at the end of the horizon, with each choice.
- Net worth if you buy
- €144,153
- Net worth if you rent
- €91,906
- Monthly payment
- €642/month
- Cost of buying per month (year 1)
- €851/month
- Rent per month (year 1)
- €800/month
- Buying pays off from
- year 4
- Cash needed to buy
- €60,534
Your net worth over time
Buying, over 10 years
Renting, over 10 years
Year by year
| Year | Rent | Cost of buying | Worth if buying | Worth if renting | Difference |
|---|---|---|---|---|---|
| 1 | €9,600 | €10,207 | €44,448 | €63,562 | −€19,114 |
| 2 | €9,792 | €10,267 | €54,127 | €66,579 | −€12,453 |
| 3 | €9,988 | €10,328 | €64,082 | €69,583 | −€5,500 |
| 4 | €10,188 | €10,392 | €74,324 | €72,571 | +€1,753 |
| 5 | €10,391 | €10,458 | €84,859 | €75,540 | +€9,319 |
| 6 | €10,599 | €10,525 | €95,771 | €78,562 | +€17,209 |
| 7 | €10,811 | €10,595 | €107,139 | €81,704 | +€25,435 |
| 8 | €11,027 | €10,666 | €118,980 | €84,972 | +€34,008 |
| 9 | €11,248 | €10,740 | €131,312 | €88,371 | +€42,941 |
| 10 | €11,473 | €10,816 | €144,153 | €91,906 | +€52,248 |
Other calculators
This calculation is indicative. The rate is the lowest-payment published programme of the partner banks for a main home and is applied for the whole term, with the Law 128/75 levy. The change in value and rent and the return on savings are assumptions you can change; tax on returns is not included. Cost percentages are typical market figures. The final rate and terms are set by the bank.
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