Newly Listed
Under your rent
32
$399,000
~$1,891/mo
i1080 Foxglove Lane
Bowen Island · Land
MLS® R3156298
RE/MAX Sea To Sky Real Estate
Rent vs mortgage
$2,500 a month in rent buys a $527,000 home in Bowen Island
That is what a 2500-a-month rent carries as a mortgage at 5.19%, with 20% down over a 25-year amortization. Covering property tax, strata and insurance inside the same monthly budget, the matching price is about $411,000. Here are the 5 Bowen Island homes on the market at or under it right now.
Purchase price
$527,000
Down payment
$105,000
All-in monthly
$3,052/mo
Matching homes
5
Bowen Island homes your $2,500 rent could own
Under your rent
6
$299,000
~$1,417/mo
i1178 Miller Road
Bowen Island · Land
MLS® R3108106
RE/MAX Masters Realty
Under your rent
8
$349,000
~$1,654/mo
i1280 Wf
Bowen Island · Land
MLS® R3151756
RE/MAX Masters Realty
Under your rent
26
$495,000
~$2,346/mo
i#207 – 726A BELTERRA Road
Bowen Island · Residential
0 bd
1 ba
532 sqft
$930/sqft
Built 2014
MLS® R3135642
Macdonald Realty
Under your rent
4
$399,000
~$1,891/mo
i1268 Wf
Bowen Island · Land
MLS® R3124331
RE/MAX Masters Realty
See all on the map (5 active listings)
Other rents in Bowen Island
$1,500/mo · $1,800/mo · $2,000/mo · $2,200/mo · $3,000/mo · $3,500/mo · $4,000/mo
The assumptions behind these numbers
Every figure assumes a 5.19% interest rate, 20% down and a 25-year amortization. Property tax uses the local municipal residential rate of 3.86 per $1,000; strata ($320/mo) and insurance ($62/mo) are estimates, since neither is knowable from rent alone. Change any of these in the calculator and the numbers update in place. This is an estimate for comparison, not a mortgage approval or financial advice. Your rate, down payment and the home's real carrying costs will differ. Confirm with a mortgage professional before you rely on it.
Common questions
What can $2,500 a month in rent buy in Bowen Island?
At a 5.19% rate with 20% down over 25 years, $2,500/mo carries the mortgage on a home priced around $527,000. Covering tax, strata and insurance inside the same budget, the matching price is about $411,000.
How much do I need for a down payment?
On a $527,000 home at 20% down, the down payment is $105,000. A smaller down payment raises the monthly cost and may add mortgage insurance.
Is the mortgage really the same as my rent?
The mortgage payment is, by design; that is what this page solves for. Owning also adds roughly $552/mo in tax, strata and insurance, so the honest all-in monthly on a $527,000 home is closer to $3,052.
RR
How these numbers are worked out
I am Ray Rasouli, a licensed REALTOR® with Real Broker B.C. Ltd. The purchase price is your rent solved back through a standard amortized mortgage, and the listings come from live MLS® inventory refreshed hourly, not a static table. The figures are for comparison, not a mortgage approval. Tell me your situation and I will confirm what you actually qualify for.
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Listing data provided by the Real Estate Board of Greater Vancouver and partner boards under MLS® Reciprocity. Deemed reliable but not guaranteed accurate. Mortgage figures are estimates for comparison only, not financial advice. MLS® and REALTOR® are trademarks of CREA.