Under your rent
40
$259,000
$346/sqft
1 bd · 1 ba · 749 sqft
#303, 33464 George Ferguson Way
Abbotsford · Apartment/Condo
~$1,228/mo
Listed by Coldwell Banker Executives RealtyMLS® R3170910
Rent vs own
$1,500 a month in rent buys a $316,000 home in Abbotsford
At a 5.19% posted rate, 20% down and 25 years. 83 Abbotsford homes are listed at or under it.
- Purchase price
- $316,000
- Down payment
- $63,000
- All-in monthly
- $2,001/mo
- Homes listed
- 83
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$316,000
20% down assumed ($63,000). 83 homes listed at or under it in Abbotsford.
Of the first payment, about $417 goes to the loan itself. Tax, strata and insurance would bring the all-in price closer to $216,000.
- Purchase price
- $316,000
- Down payment
- $63,000
- All-in monthly
- $2,001/mo
- Homes listed
- 83
Source: Current MLS® listings.
Abbotsford homes your $1,500 rent could own
83 active listingsOpen these Abbotsford homes on the map
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Under your rent
8
$245,000
$357/sqft
1 bd · 1 ba · 687 sqft
#144, 1909 Salton Road
Abbotsford · Apartment/Condo
~$1,161/mo
Listed by Homelife Advantage Realty Ltd.MLS® R3170970
Under your rent
32
$259,900
$268/sqft
2 bd · 1 ba · 968 sqft
#220, 2277 Mccallum Road
Abbotsford · Apartment/Condo
~$1,232/mo
Listed by RE/MAX Truepeak RealtyMLS® R3171350
Under your rent
20
$299,900
$266/sqft
2 bd · 2 ba · 1,127 sqft
#311, 32833 Landeau Place
Abbotsford · Apartment/Condo
~$1,421/mo
Listed by Engel & Volkers VancouverMLS® R3173857
Under your rent
36
$164,900
$106/sqft
2 bd · 2 ba · 1,556 sqft
#69, 3300 Horn Street
Abbotsford · Manufactured Home
~$782/mo
Listed by RE/MAX Nyda Realty Inc.MLS® R3172952
Under your rent
24
$259,900
$276/sqft
2 bd · 1 ba · 941 sqft
#101, 33450 George Ferguson Way
Abbotsford · Apartment/Condo
~$1,232/mo
Listed by Sutton Group-West Coast Realty (Abbotsford)MLS® R3171079
Under your rent
28
$269,000
$522/sqft
1 bd · 1 ba · 515 sqft
#310, 33539 Holland Avenue
Abbotsford · Apartment/Condo
~$1,275/mo
Listed by Century 21 Creekside RealtyMLS® R3155829
Under your rent
34
$294,900
$328/sqft
2 bd · 2 ba · 900 sqft
#311, 2964 Trethewey Street
Abbotsford · Apartment/Condo
~$1,398/mo
Listed by Real Broker BC LtdMLS® R3150280
Under your rent
30
$269,000
$280/sqft
2 bd · 1 ba · 961 sqft
#1006, 1750 Mckenzie Road
Abbotsford · Townhouse
~$1,275/mo
Listed by Real Broker BC LtdMLS® R3142391
Under your rent
36
$285,500
$294/sqft
2 bd · 1 ba · 972 sqft
#307, 2279 Mccallum Road
Abbotsford · Apartment/Condo
~$1,353/mo
Listed by eXp Realty of Canada Inc.MLS® R3114579
Under your rent
27
$224,900
$214/sqft
2 bd · 1 ba · 1,052 sqft
#207, 32089 Old Yale Road
Abbotsford · Apartment/Condo
~$1,066/mo
Listed by Royal LePage Little Oak RealtyMLS® R3172633
Under your rent
35
$229,900
$293/sqft
1 bd · 1 ba · 784 sqft
#230, 31955 Old Yale Road
Abbotsford · Apartment/Condo
~$1,090/mo
Listed by RE/MAX Truepeak RealtyMLS® R3164879
NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy. The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy. MLS®, Multiple Listing Service®, and REALTOR® are trademarks of the Canadian Real Estate Association (CREA).
The math
| Rent you pay | $1,500/mo |
|---|---|
| Interest rate | 5.19% |
| Amortization | 25 years |
| Down payment (20%) | $63,000 |
| Mortgage supported | $253,000 |
| Purchase price | $316,000 |
| Tax, strata and insurance | $501/mo |
| All-in monthly | $2,001/mo |
Assumptions
- Rate
- 5.19%, the posted five-year fixed rate. Illustrative, not a quote.
- Amortization
- 25 years
- Down payment
- 20% ($63,000 on $316,000)
- Property tax
- 4.52 per $1,000 of value
- Strata
- $320 a month, an estimate
- Insurance
- $62 a month, an estimate
An estimate, not a mortgage approval or financial advice. Change the rate, down payment or amortization in the calculator and the figures update.
Questions
$63,000, or 20% of $316,000.
The mortgage payment is. Tax, strata and insurance add about $501/mo, for $2,001 in total.
Other rents in Abbotsford
Prepared by
Written and maintained by Ray Rasouli, REALTOR®, licensed in British Columbia and founder of Relta Real Estate.
Data
Source: MLS® listing data from BC real estate boards (MLS® Reciprocity) and CREA's DDF®.
NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy. The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy. MLS®, Multiple Listing Service®, and REALTOR® are trademarks of the Canadian Real Estate Association (CREA).
CorrectionsReport a correction
A mortgage broker can confirm what you qualify for.