Rent or buy calculator
Compare what renting costs with what buying costs over the years you choose. Every figure is your own assumption and you can change it.
Results
Enter a price, a rent, a down payment below 100% and a term and period of at least one year.
Over 10 years, renting is cheaper by 481 JOD.
- Monthly rent now
- 500 JOD
- Monthly loan payment
- 669 JOD
- Average monthly cost of renting
- 500 JOD
- Average monthly cost of buying
- 504 JOD
- Total paid in rent
- 60,000 JOD
- Total paid to buy
- 105,328 JOD
- What you own at the end
- 44,847 JOD
- Net cost of buying
- 60,481 JOD
Buying becomes cheaper from year 11.
How it is worked out: renting adds 12 months of rent each year, rising by your rent rise. Buying adds the down payment, the buying costs if counted, the loan payments made in the period and your yearly owner costs, then takes off what you own at the end. Not counted: what your cash could earn elsewhere, and the costs of selling.
How it is calculated: Interest is charged on the amount still owed, so each payment repays more of the loan over time.
See properties for rent See properties for sale
Estimates only. This is not an offer of finance or financial advice. Rates, fees, eligibility and the final instalment vary by bank and change over time; ask the bank for a written quote.
Cost over time
| Years | Renting | Buying (net) | Cheaper |
|---|---|---|---|
| 5 | 30,000 JOD | 35,200 JOD | Renting |
| 10 | 60,000 JOD | 60,481 JOD | Renting |
| 20 | 120,000 JOD | 85,626 JOD | Buying |