Should I buy a house, or rent?

What’s the better financial option for you - buying a house, or renting? It’s not always an easy decision to make. AMP lends a hand with this calculator, which approximates how your future savings might look if you were to pursue either option.

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Notes and assumptions

• All information you provide will be protected by AMP’s comprehensive privacy and security policies, and will not be saved or recorded.
• No allowance for loan fees is made in this calculation.
• No allowance for investments or other forms of income is made in this calculation.
• No allowance for debts or other commitments is made in this calculation.
• No allowance for costs other than repayment of the loan is made in this calculation.
• The annual interest rate is assumed to remain constant throughout the term of the loan.

Disclaimer

• This calculator is intended to provide an indication only. AMP attaches no guarantees to its results. It is not intended as a substitute for professional financial advice.
• The result of this calculator in no way equates to an offer for a home loan. Individual lenders will apply their own criteria and conditions to loan applications.
• By specifying maximum and minimum interest rate parameters, AMP is making no prediction or approximation of actual or potential rates of interest.
• Actual interest rates may differ from the rates you enter into this calculator.
• AMP is not liable for any direct, indirect, incidental, consequential or special damages arising out of or in any way connected with access to or use of this calculator.
• Other than is required under consumer protection law, AMP will in no way be liable for any loss or damage resulting from reliance on information obtained or outcomes resulting from this calculator.