Rent vs buy calculator

Our calculator compares the total cost of renting versus buying a home over a selected period. It factors in rent payments, mortgage payments, down payments, agent fees, and other costs to provide a clear financial comparison.

The calculator takes into account: - Rent costs: Monthly rent, agent commission, and Ejari fees. - Buying costs: Property price, down payment, mortgage interest rate, loan duration, and buying fees. - Annual growth rate - Rent growth rate - Time frame: How long you plan to stay in the property.

The results provide an estimate based on the inputs you provide. While the rent vs buy calculator considers key financial factors, real estate costs, interest rates, and personal financial situations may change over time.

- Renting offers flexibility, lower upfront costs, and avoids maintenance responsibilities. - Buying builds equity over time, provides stability, and may offer financial benefits in the long run.

If you're unsure about your decision, consulting with a mortgage advisor can help you evaluate your financial situation and explore financing options.