Under your rent
14
$450,000
$915/sqft
0 bd · 1 ba · 492 sqft
#2308, 2008 Rosser Avenue
Burnaby · Apartment/Condo
~$2,133/mo
Listed by RE/MAX City RealtyMLS® R3101024
Rent vs own
$2,200 a month in rent buys a $464,000 home in Burnaby
At a 5.19% posted rate, 20% down and 25 years. 86 Burnaby homes are listed at or under it.
- Purchase price
- $464,000
- Down payment
- $93,000
- All-in monthly
- $2,709/mo
- Homes listed
- 86
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$464,000
20% down assumed ($93,000). 86 homes listed at or under it in Burnaby.
Of the first payment, about $613 goes to the loan itself. Tax, strata and insurance would bring the all-in price closer to $355,000.
- Purchase price
- $464,000
- Down payment
- $93,000
- All-in monthly
- $2,709/mo
- Homes listed
- 86
Source: Current MLS® listings.
Burnaby homes your $2,200 rent could own
86 active listingsOpen these Burnaby homes on the map
Draw an area and save homes you like.
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
Under your rent
25
$450,000
$604/sqft
1 bd · 1 ba · 745 sqft
#209, 7337 Macpherson Avenue
Burnaby · Apartment/Condo
~$2,133/mo
Listed by Keller Williams Bold RealtyMLS® R3161583
Under your rent
34
$448,800
$558/sqft
1 bd · 1 ba · 805 sqft
#501, 6055 Nelson Avenue
Burnaby · Apartment/Condo
~$2,127/mo
Listed by Sutton Group-West Coast RealtyMLS® R3173665
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
24
$449,000
$597/sqft
1 bd · 1 ba · 752 sqft
#905, 9541 Erickson Drive
Burnaby · Apartment/Condo
~$2,128/mo
Listed by Sutton Group - 1st West RealtyMLS® R3155549
Under your rent
20
$439,000
$502/sqft
2 bd · 1 ba · 875 sqft
#307, 5340 Hastings Street
Burnaby · Apartment/Condo
~$2,081/mo
Listed by Keller Williams Bold RealtyMLS® R3164848
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
27
$450,000
$587/sqft
1 bd · 1 ba · 767 sqft
#101, 3733 Norfolk Street
Burnaby · Apartment/Condo
~$2,133/mo
Listed by Sutton Centre RealtyMLS® R3149553
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
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 | $2,200/mo |
|---|---|
| Interest rate | 5.19% |
| Amortization | 25 years |
| Down payment (20%) | $93,000 |
| Mortgage supported | $371,000 |
| Purchase price | $464,000 |
| Tax, strata and insurance | $509/mo |
| All-in monthly | $2,709/mo |
Assumptions
- Rate
- 5.19%, the posted five-year fixed rate. Illustrative, not a quote.
- Amortization
- 25 years
- Down payment
- 20% ($93,000 on $464,000)
- 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
$93,000, or 20% of $464,000.
The mortgage payment is. Tax, strata and insurance add about $509/mo, for $2,709 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.