Summary
If you bought a property for £350,000, paying a monthly mortgage of £1,480 and sell the property after 10 years, compared to renting a similar property.
It will be better to sell the house after the 13th year of ownership based on the values you have set below. You can change those values below using the sliders to accurately reflect your situation.
Mortgage | Rent | |
Initial Cost | £47,500.00 | £2,960.69 |
Monthly Cost | £1,480.35 | £1,480.35 |
Cash at 10th year | £57,467.64 | £70,514.37 |