What does the rent vs mortgage calculator do?

The rent vs mortgage calculator compares your current rent with an estimated mortgage payment based on the property price, deposit, interest rate and mortgage term. It also shows a 5 year cost comparison to help you understand long term differences.

Does the calculator include fees or changing interest rates?

No. The calculator provides an illustration only. It does not include fees, future rate changes, insurance, maintenance costs or specific lender criteria. It is designed to give a simple comparison before speaking with an adviser.

How accurate is the estimated mortgage payment?

The mortgage payment is an estimate based on a standard repayment calculation using the mortgage amount, interest rate and term you enter. Actual payments may differ depending on the lender, mortgage product and your full circumstances.

What information do I need to use the calculator?

You will need your current monthly rent, the property price you are considering, the deposit amount you can put down, a potential mortgage interest rate and the mortgage term. The calculator will do the rest automatically.

Does the calculator tell me how much I can borrow?

No. This tool compares rent with estimated mortgage payments. If you want to check how much you can borrow, use our mortgage affordability calculator or speak with one of our advisers for personalised guidance.

Rent vs Mortgage Comparison Tool

Compare your current rent with an estimated mortgage payment on a property you are considering.

Your current rent

Current monthly rent (£)

Property and mortgage details

Property price (£)

Deposit amount (£)

Mortgage interest rate (%)

Mortgage term (years)

Estimated mortgage amount

Estimated monthly mortgage payment

Difference vs current rent

5 year total rent

5 year total mortgage payments

5 year difference

This tool gives an illustration only and does not include fees, rate changes, insurance or maintenance costs. Actual mortgage payments and long term costs will depend on lender criteria, product choice and your full circumstances.

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Important information: Mortgage Bridge provides information only and acts as a mortgage introducer. We do not provide mortgage advice or make lender recommendations. We can introduce you to an FCA-regulated mortgage adviser who can provide personalised mortgage advice.