Ways to calculate the cost of renting and buying

Still dreaming of your dream condominium? Still imagining yourself enjoying the perks and amenities of condo living? There is no question that condo is a good investment, but will you prefer to rent or to buy a unit? Of course, either way, being part of the growing condo rental market in the Philippines is a good move for you.

Additional Renting Costs The calculator keeps a running tally of the most common expenses of owning and renting. It also takes into account something known as opportunity cost - for example, the return you could have earned by investing your money instead of spending it on a down payment.

Should you rent or buy? This is a question most of us will likely face in our lives. And it is often not a simple question, because the answer depends on your readiness to commit to taking care of a home and a mortgage, as well as the availability of the right home.

Use this rent vs buy calculator from Trulia to estimate the difference in financial payments between buying a home and renting a property.

About the Rent vs Buy The Rent versus Buy Comparator allows the user to compare their estimated financial position after 7 years of renting with their estimated financial position after 7 years of home loan repayments. The comparator assumes that the individual who rents will invest the deposit they have saved to purchase their home.