Under your rent
33
$399,000
$757/sqft
1 bd · 1 ba · 527 sqft
#605, 2381 Beta Avenue
Burnaby · Apartment/Condo
~$1,891/mo
Listed by Sutton Group-West Coast RealtyMLS® R3167348
Rent vs own
$2,000 a month in rent buys a $422,000 home in Burnaby
At a 5.19% posted rate, 20% down and 25 years. 47 Burnaby homes are listed at or under it.
- Purchase price
- $422,000
- Down payment
- $84,000
- All-in monthly
- $2,497/mo
- Homes listed
- 47
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$422,000
20% down assumed ($84,000). 47 homes listed at or under it in Burnaby.
Of the first payment, about $554 goes to the loan itself. Tax, strata and insurance would bring the all-in price closer to $315,000.
- Purchase price
- $422,000
- Down payment
- $84,000
- All-in monthly
- $2,497/mo
- Homes listed
- 47
Source: Current MLS® listings.
Burnaby homes your $2,000 rent could own
47 active listingsOpen these Burnaby homes on the map
Draw an area and save homes you like.
Under your rent
17
$381,800
$598/sqft
1 bd · 1 ba · 638 sqft
#111, 9250 University High Street
Burnaby · Apartment/Condo
~$1,810/mo
Listed by Sutton Group-West Coast RealtyMLS® R3152512
Under your rent
33
$368,000
$625/sqft
0 bd · 1 ba · 589 sqft
#201, 8940 University Crescent
Burnaby · Apartment/Condo
~$1,744/mo
Listed by RE/MAX Crest RealtyMLS® R3166987
Under your rent
8
$315,000
$432/sqft
1 bd · 1 ba · 730 sqft
#1705, 9280 Salish Court
Burnaby · Apartment/Condo
~$1,493/mo
Listed by RE/MAX City RealtyMLS® R3129279
Under your rent
37
$359,900
$820/sqft
1 bd · 1 ba · 439 sqft
#635, 9009 Cornerstone Mews
Burnaby · Apartment/Condo
~$1,706/mo
Listed by RE/MAX LIFESTYLES REALTYMLS® R3157278
Under your rent
17
$409,000
$861/sqft
1 bd · 1 ba · 475 sqft
#214, 5788 Sidley Street
Burnaby · Apartment/Condo
~$1,939/mo
Listed by Nu Stream Realty Inc.MLS® R3117087
Under your rent
31
$350,000
$507/sqft
1 bd · 1 ba · 690 sqft
#212, 3921 Carrigan Court
Burnaby · Apartment/Condo
~$1,659/mo
Listed by Macdonald Realty (Surrey/152)MLS® R3173030
Under your rent
35
$355,800
$522/sqft
1 bd · 1 ba · 682 sqft
#1803, 3755 Bartlett Court
Burnaby · Apartment/Condo
~$1,686/mo
Listed by RE/MAX All Points RealtyMLS® R3163436
Under your rent
38
$399,800
$469/sqft
2 bd · 1 ba · 853 sqft
#304, 9128 Capella Drive
Burnaby · Apartment/Condo
~$1,895/mo
Listed by RE/MAX Crest RealtyMLS® R3169472
Under your rent
31
$415,000
$538/sqft
1 bd · 1 ba · 772 sqft
#803, 9280 Salish Court
Burnaby · Apartment/Condo
~$1,967/mo
Listed by Oakwyn Realty Ltd.MLS® R3170451
Under your rent
26
$349,900
$491/sqft
1 bd · 1 ba · 713 sqft
#303, 5335 Hastings Street
Burnaby · Apartment/Condo
~$1,658/mo
Listed by 1NE Collective Realty Inc.MLS® R3153129
Under your rent
40
$398,900
$529/sqft
1 bd · 1 ba · 754 sqft
#1605, 3737 Bartlett Court
Burnaby · Apartment/Condo
~$1,891/mo
Listed by eXp Realty of Canada Inc.MLS® R3117663
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 | $2,000/mo |
|---|---|
| Interest rate | 5.19% |
| Amortization | 25 years |
| Down payment (20%) | $84,000 |
| Mortgage supported | $338,000 |
| Purchase price | $422,000 |
| Tax, strata and insurance | $497/mo |
| All-in monthly | $2,497/mo |
Assumptions
- Rate
- 5.19%, the posted five-year fixed rate. Illustrative, not a quote.
- Amortization
- 25 years
- Down payment
- 20% ($84,000 on $422,000)
- Property tax
- 3.28 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
$84,000, or 20% of $422,000.
The mortgage payment is. Tax, strata and insurance add about $497/mo, for $2,497 in total.
Other rents in Burnaby
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.