Rent vs Finance
The 'Money Down the Drain' Calculator
Stop looking at weekly fractions. See exactly how much wealth you lose by renting over the next few years.
1. Choose an Expander unit
2. Current weekly rent: $550
$150$1,500
3. Timeframe to compare: 5 years
2 yrs15 yrs
*This also acts as your loan term. Unit will be 100% paid off in this time.
4. Deposit amount: $5,000
$0$50,000
5. Interest rate: 9.9% p.a.
5%16%
Recommended rate: 9.9%
Over the next 5 years…
If you keep renting
Money to landlord
$143,000
Assets owned
$0 (Nothing)
100% MONEY LOST
If you buy an Expander
Total cash out (deposit + repayments)
$66,940
Assets owned
$53,700
FULLY PAID OFF ASSET
By choosing to own, your net wealth increases by:
+$129,760
(Compared to renting for the same 5 years)
*This calculator provides an estimate only. Finance is subject to final approval, terms, and a personalised quote from our finance partner.
Estimated monthly repayment at 9.9% p.a. over 5 years: $1,032/mo on $48,700 financed after a $5,000 deposit.