Rent vs Buy Calculator

Compare the costs of renting versus buying a home. Make an informed decision about your housing choice in Rwanda and East Africa.

Renting Costs
Enter your rental information
RWF
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Expected annual rent increase rate

RWF
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Expected annual return if you invest your down payment instead

Buying Costs
Enter your home purchase information
RWF
RWF
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RWF
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Recommendation
Buy

Buying could save you RF 12,535,053 over 5 years.

Break-even point: ~1 years

Cost Comparison
Over 5 years
Total Renting CostRF 33,653,788
Less: Investment returns-RF 5,878,148
Net Renting CostRF 27,775,639
Total Buying CostRF 43,204,289
Less: Home value & equity-RF 27,963,704
Net Buying CostRF 15,240,586

Buying Saves You

RF 12,535,053

Renting Details
Total rent paidRF 33,653,788
Investment returnsRF 5,878,148
Net costRF 27,775,639
Buying Details
Down paymentRF 10,000,000
Mortgage paymentsRF 26,426,067
Property taxRF 1,327,284
InsuranceRF 796,370
MaintenanceRF 2,654,568
Closing costsRF 2,000,000
Total costsRF 43,204,289
Home value at endRF 57,963,704
Net costRF 15,240,586

Important Notes:

  • These calculations are estimates. Actual costs may vary.
  • Consider factors like flexibility, maintenance responsibilities, and lifestyle.
  • Market conditions and personal circumstances can significantly impact results.
  • Consult with a financial advisor for personalized advice.