Ireland — mortgage vs rent using Irish-style numbers
Mortgage vs rent
These are example numbers — change them. Not advice.
Same home, same month — is renting or buying cheaper this month, and roughly over the term? Numbers update as you type.
€
€
Deposit
%
%
€
insurance / service / rates lump
Ignores stamp duty, Help to Buy, rent rises, and house price changes. Not advice.
Result
Buying is cheaper by €245 / month
Rent this month
€1,800
Buy this month
€1,555
Mortgage €1,405 + other €150
Loan size
€315,000
Deposit needed
€35,000
If you hold the mortgage to term
Total interest €190,746
Secondary sketch only — not the headline. Assumes the loan is held for 30 years at the entered AER.