Rent Or Buy A Home Calculator

Rent Vs. Buy Calculator

Loan details

How big is your deposit? ?
What is your purchase price? ?
Where are you buying?
How much rent are you paying? ?
How much can you save? ?

Contact a mortgage broker

Please email me a copy of the results:
Yes No
Talk to one of our mortgage brokers about your situation: Yes No  

Simply enter in the details of the property that you’d like to buy and your personal situation.

Our calculator will compare the cost of continuing to rent vs the cost of buying a home.

Which is better for you?

Am I ready to buy now?

You may be surprised by the range of ways there are to buy a home right now!

Speak to our mortgage brokers by calling 1300 889 743 or fill in our free assessment form to find out if you can afford to buy a home now.

When is it better to buy a home?

If the property market is rising in value then it is normally better to buy now, irrespective of whether you have to pay LMI or not.

The reason being is that the cost of LMI is usually far less than the rate at which house prices increase. So you end up being behind if you wait.

You should always consider your personal situation and discuss your future plans with your partner before buying a home.

When is it better to continue renting?

If house prices are stagnant or are falling then there’s no hurry to buy!

In particular, if prices aren’t rising and you are boarding with your parents then you can continue to save a larger deposit and reduce the cost of LMI.

You normally need to reduce your home loan to below 80% of the property value but some of our lenders have no LMI home loans for some types of borrowers.

To get started, you can use our step by step first home buyers guide to buy your first home.

Do you qualify for a mortgage?

Our mortgage brokers are experts in helping first home buyers to get into the property market. We can work out which banks can consider your situation and present your application in a way that it ensures it gets approved.

We can compare the cost of renting to the cost of owning a home for you or you can use this rent vs buy calculator instead.

Speak to our mortgage brokers by calling 1300 889 743 or fill in our free assessment form to see what options are available.

Why use us?

We aim to set an example by delivering what we promise: a higher level of service, better advice and better home loans.


Australia-wide services

We finance properties anywhere in Australia for people anywhere in the world.


Get incredible interest rates

Our relationships with our panel of lenders allow us to negotiate your interest rate.


We get tough loans approved

We can help you navigate the often complex pre-approval and application process.


Our customers love us

We receive hundreds of love letters from our customers.

Discover more reasons to use Home Loan Experts

How we find you the right solution

We get a complete understanding of where you’re at and what your ultimate goals are.
You’ll get a recommendation in just a few simple steps.

free assessment

Complete our free assessment form or call us.


We assess your situation.


We look at all the options from our panel of lenders.

suitable home loan deals

We will find you the most suitable home loan deals.

Testimonials for Home loan experts

about us


lenders on
our panel


lent Australia-wide
and counting

Common Wealth
St George
Pepper Money
Me Bank

of our borrowers get
approved with a major bank


of our borrowers get a discount
below the bank standard variable rate