Under your rent
27
$275,000
~$1,303/mo
i#135B – 8635 120 Street
Delta · Residential
1 bd
1 ba
724 sqft
$380/sqft
Built 1973
MLS® R3107851
Sunstar Realty Ltd.
Rent vs mortgage
$1,500 a month in rent buys a $316,000 home in Delta
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 $215,000. Here are the 5 Delta homes on the market at or under it right now.
Purchase price
$316,000
Down payment
$63,000
All-in monthly
$1,981/mo
Matching homes
5
Delta homes your $1,500 rent could own
Under your rent
15
$254,888
~$1,208/mo
i#123 – 11806 88 Avenue
Delta · Residential
0 bd
1 ba
465 sqft
$548/sqft
Built 1972
MLS® R3147663
Century 21 Coastal Realty Ltd.
Under your rent
30
$199,900
~$947/mo
i#2 – 4485 RIVER Road
Delta · Residential
1 bd
1 ba
511 sqft
$391/sqft
Built 2020
MLS® R3076124
Oakwyn Realty Ltd.
Under your rent
24
$299,900
~$1,421/mo
i#109A – 8635 120 Street
Delta · Residential
1 bd
1 ba
772 sqft
$388/sqft
Built 1971
MLS® R3129303
RE/MAX Colonial Pacific Realty
Under your rent
21
$250,000
~$1,185/mo
i#4 – 3350 Westham Island Road
Delta · Residential
2 bd
1 ba
990 sqft
$253/sqft
Built 1978
MLS® R3102062
Macdonald Realty Westmar
See all on the map (5 active listings)
Other rents in Delta
$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 3.74 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 Delta?
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 $215,000.
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 $481/mo in tax, strata and insurance, so the honest all-in monthly on a $316,000 home is closer to $1,981.
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.
$1,800/mo in Delta$2,000/mo in Delta$2,200/mo in Delta$2,500/mo in Delta$3,000/mo in Delta$3,500/mo in Delta$4,000/mo in DeltaAll rent bands in DeltaDelta market reportMortgage calculator
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.