Rent vs mortgage comparison tool
Compare rent with an illustrative repayment mortgage, including estimated ownership costs and the equity built by repaying capital.
Enter your comparison
Add your current rent and an illustrative property-purchase scenario. Optional ownership costs make the comparison more useful.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Important information about your comparison
Please read the assumptions and limitations below when comparing the illustrative cost of renting with a potential mortgage payment.
A mortgage payment may help build equity in a property, but homeowners can also face costs that tenants do not. The lowest monthly figure is not necessarily the most suitable option.
The comparison assumes that:
- The mortgage is a capital-and-interest repayment mortgage.
- The mortgage interest rate and term remain as entered.
- The rent and other monthly costs remain unchanged for the comparison period.
- The figures entered are accurate and represent your expected costs.
- Mortgage repayments are calculated using a standard monthly repayment formula.
The illustration may not include:
- Mortgage product fees, valuation costs, legal fees and moving costs.
- Stamp Duty Land Tax, Land and Buildings Transaction Tax or Land Transaction Tax.
- Buildings insurance, service charges, ground rent, repairs and ongoing property maintenance.
- Future rent increases, interest-rate changes, property-price movements or inflation.
- The potential return that could otherwise have been earned on the deposit and buying costs.
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.