Home ownership: To pay mortgage or to buy your new house?

Absa Bank Kenya Head of Mortgage Beatrice Chege poses for a photo at their head offices in Nairobi on May 5, 2025. 

Photo credit: Lucy Wanjiru | Nation Media Group

Every month, countless tenants rush to pay rent—driven less by comfort and more by fear. Fear of penalties. Fear of eviction. Yet rarely is there fear of what rent really means: money permanently gone. No equity. No investment. Just another receipt.

In contrast, mortgage payments—often perceived as intimidating—can represent the first step toward wealth creation.

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Note: The results are not exact but very close to the actual.