Under your rent
19
$228,000
~$1,081/mo
i#403 – 606 18TH Avenue
Cranbrook · Residential
1 bd
1 ba
635 sqft
$359/sqft
Built 2005
MLS® 10398132
Real Broker B.C. Ltd
Rent vs mortgage
$1,500 a month in rent buys a $316,000 home in Cranbrook
That is what a 1500-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 $191,000. Here are the 45 Cranbrook homes on the market at or under it right now.
Purchase price
$316,000
Down payment
$63,000
All-in monthly
$2,093/mo
Matching homes
45
Cranbrook homes your $1,500 rent could own
Under your rent
26
$275,000
~$1,303/mo
i1608 4Th Street
Cranbrook · Residential
2 bd
1 ba
882 sqft
$312/sqft
Built 1910
MLS® 10395999
Century 21 Purcell Realty Ltd
Under your rent
11
$69,000
~$327/mo
i4th Street
Cranbrook · Land
MLS® 10391286
RE/MAX Blue Sky Realty
Under your rent
37
$314,900
~$1,493/mo
i#219 – 1004 23rd Ave N Other
Cranbrook · Residential
3 bd
2 ba
954 sqft
$330/sqft
Built 1996
MLS® 10390518
eXp Realty
Under your rent
10
$135,000
~$640/mo
i144 Purcell Place
Cranbrook · Land
MLS® 10397989
RE/MAX Blue Sky Realty
Under your rent
27
$288,888
~$1,369/mo
i#110 – 2365 12TH Street
Cranbrook · Residential
2 bd
1 ba
917 sqft
$315/sqft
Built 1981
MLS® 10398129
RE/MAX Blue Sky Realty
Under your rent
4
$150,000
~$711/mo
i315 3rd Avenue
Cranbrook · Land
MLS® 10397798
2 Percent Realty Kootenay Inc.
Under your rent
21
$249,900
~$1,184/mo
i#6 – 717 21ST Avenue
Cranbrook · Residential
2 bd
1 ba
788 sqft
$317/sqft
Built 1981
MLS® 10397667
RE/MAX Blue Sky Realty
Under your rent
6
$259,900
~$1,232/mo
i751 34th Avenue
Cranbrook · Land
MLS® 10397031
RE/MAX Blue Sky Realty
Under your rent
7
$249,900
~$1,184/mo
i3532 Mount Royal Drive
Cranbrook · Land
MLS® 10396771
RE/MAX Blue Sky Realty
Under your rent
29
$249,900
~$1,184/mo
i#56 – 700 PATTERSON Street
Cranbrook · Residential
3 bd
2 ba
1,103 sqft
$227/sqft
Built 2011
MLS® 10397227
Real Broker B.C. Ltd
Under your rent
40
$299,900
~$1,421/mo
i#6 – 2321 INDUSTRIAL Road
Cranbrook · Residential
3 bd
2 ba
1,223 sqft
$245/sqft
Built 2004
MLS® 10397189
eXp Realty
See all on the map (45 active listings)
Other rents in Cranbrook
$1,800/mo · $2,000/mo · $2,200/mo · $2,500/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 8.01 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 $1,500 a month in rent buy in Cranbrook?
At a 5.19% rate with 20% down over 25 years, $1,500/mo carries the mortgage on a home priced around $316,000. Covering tax, strata and insurance inside the same budget, the matching price is about $191,000.
How much do I need for a down payment?
On a $316,000 home at 20% down, the down payment is $63,000. 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 $593/mo in tax, strata and insurance, so the honest all-in monthly on a $316,000 home is closer to $2,093.
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.