Under your rent
23
$550,000
$1,009/sqft
1 bd · 1 ba · 545 sqft
#1210, 4880 Lougheed Highway
Burnaby · Apartment/Condo
~$2,607/mo
Listed by RE/MAX Real Estate ServicesMLS® R3164326
Rent vs own
$3,500 a month in rent buys a $738,000 home in Burnaby
At a 5.19% posted rate, 20% down and 25 years. 731 Burnaby homes are listed at or under it.
- Purchase price
- $738,000
- Down payment
- $148,000
- All-in monthly
- $4,084/mo
- Homes listed
- 731
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$738,000
20% down assumed ($148,000). 731 homes listed at or under it in Burnaby.
Of the first payment, about $975 goes to the loan itself. Tax, strata and insurance would bring the all-in price closer to $612,000.
- Purchase price
- $738,000
- Down payment
- $148,000
- All-in monthly
- $4,084/mo
- Homes listed
- 731
Source: Current MLS® listings.
Burnaby homes your $3,500 rent could own
731 active listingsOpen these Burnaby homes on the map
Draw an area and save homes you like.
Under your rent
29
$650,000
$469/sqft
3 bd · 3 ba · 1,386 sqft
2957 Argo Place
Burnaby · Townhouse
~$3,081/mo
Listed by Real BrokerMLS® R3169031
Under your rent
16
$615,000
$798/sqft
2 bd · 2 ba · 771 sqft
#1801, 2351 Beta Avenue
Burnaby · Apartment/Condo
~$2,915/mo
Listed by RE/MAX WestcoastMLS® R3162432
Under your rent
29
$499,000
$934/sqft
1 bd · 1 ba · 534 sqft
#601, 4720 Lougheed Highway
Burnaby · Apartment/Condo
~$2,365/mo
Listed by eXp RealtyMLS® R3172226
Under your rent
35
$499,000
$489/sqft
2 bd · 1 ba · 1,020 sqft
#1303, 2060 Bellwood Avenue
Burnaby · Apartment/Condo
~$2,365/mo
Listed by RE/MAX Select RealtyMLS® R3173192
Under your rent
35
$719,000
$663/sqft
2 bd · 2 ba · 1,085 sqft
#1603, 5833 Wilson Avenue
Burnaby · Apartment/Condo
~$3,408/mo
Listed by RE/MAX WestcoastMLS® R3159528
Under your rent
30
$628,000
$757/sqft
2 bd · 2 ba · 830 sqft
PH7 – 5388 Grimmer Street
Burnaby · Apartment/Condo
~$2,977/mo
Listed by Royal Pacific Realty (Kingsway) Ltd.MLS® R3171643
Under your rent
23
$598,000
$633/sqft
2 bd · 2 ba · 945 sqft
#110, 9009 Cornerstone Mews
Burnaby · Townhouse
~$2,834/mo
Listed by Royal Pacific Realty Corp.MLS® R3146399
Under your rent
32
$538,800
$485/sqft
2 bd · 2 ba · 1,110 sqft
#504, 3737 Bartlett Court
Burnaby · Apartment/Condo
~$2,554/mo
Listed by LeHomes Realty PremierMLS® R3160682
Under your rent
22
$699,900
$773/sqft
2 bd · 2 ba · 906 sqft
#805, 2232 Douglas Road
Burnaby · Apartment/Condo
~$3,317/mo
Listed by 88West RealtyMLS® R3173749
Under your rent
28
$699,000
$985/sqft
2 bd · 2 ba · 710 sqft
#909, 2108 Gilmore Avenue
Burnaby · Apartment/Condo
~$3,313/mo
Listed by Nu Stream Realty Inc.MLS® R3115739
Under your rent
20
$699,000
$740/sqft
2 bd · 2 ba · 945 sqft
#1102, 5899 Wilson Avenue
Burnaby · Apartment/Condo
~$3,313/mo
Listed by RE/MAX Crest RealtyMLS® R3172304
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 | $3,500/mo |
|---|---|
| Interest rate | 5.19% |
| Amortization | 25 years |
| Down payment (20%) | $148,000 |
| Mortgage supported | $590,000 |
| Purchase price | $738,000 |
| Tax, strata and insurance | $584/mo |
| All-in monthly | $4,084/mo |
Assumptions
- Rate
- 5.19%, the posted five-year fixed rate. Illustrative, not a quote.
- Amortization
- 25 years
- Down payment
- 20% ($148,000 on $738,000)
- 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
$148,000, or 20% of $738,000.
The mortgage payment is. Tax, strata and insurance add about $584/mo, for $4,084 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.