We have built a nifty calculator that helps the user in taking an informed buy vs rent decision for a residential property.
It is not a black or white situation. One cannot rent forever and one should not buy early to be burdened with paying loan EMI forever!
This calculator helps in finding a middle path. For how long one should rent and save in an appreciating financial instrument such as Nifty50 ETF to build a good corpus that can be used for down payment and remaining amount can be taken as a home loan.
This calculator can be used for any other type of property.
Click here to download/ access the Google Sheet Based Calculator
Enter the value in cells highlighted in blue color and the calculated result will be provided in the results section. It is suggested to not tinker/ edit other sheets as they have the required calculations for each scenario.
Please note this is a mathematical calculator for indicative result purposes. Take a financial decision to invest in financial instrument or asset type after thorough due diligence and research.
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