See how renting compares to owning with Equitifund
Put your current rent beside the cost of buying a property through Equitifund, and see how the two add up over the years ahead.
Talk to us about a pathway to ownershipHow it works
Enter your current rent, then the property you are looking at with us: the price, your deposit and an indicative interest rate. The calculator works out the repayment on the finance you would need, sets it against your rent today, and estimates your position over the years you choose, weighing the rent you pay against the equity you build as an owner, after interest and ownership costs.
Renting can look cheaper month to month, right up until you count what an owner builds along the way. This tool sets your current rent against the cost of buying a property through Equitifund, then shows where each path leaves you after a few years. Use it to see whether owning through one of our pathways could be closer than you think.
Understanding your results
You will see your rent and the repayment side by side, then the longer view: total rent paid over the period against the equity you would build as an owner, after interest and ownership costs. A positive net position means owning is projected to leave you better off over that time; a negative one favours renting for now. Every figure is indicative and rests on the numbers you enter, so real costs and values will differ.
Frequently asked questions
Does a lower repayment mean I can afford to buy?
Why does owning look better the longer I hold?
Can I really buy sooner through Equitifund?
Is this a loan approval?
Ready to take the next step?
Talk to us about a pathway to ownershipDisclaimer. This calculator and page are general information only and do not constitute legal, financial or credit advice. Results are indicative, based on the figures you enter, and are not an offer of finance or a promise of any outcome. Your actual repayments and finance depend on your loan, rate and circumstances. Consider your own situation, and seek professional advice before acting. Credit services are provided by EquitiCredit Pty Ltd (ACL 559289).