Under your rent
4
$164,900
~$782/mo
i7346 Donaldson Drive
Grand Forks · Land
MLS® 10384003
Discover Border Country Realty
Rent vs mortgage
$1,500 a month in rent buys a $316,000 home in Grand Forks
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 $195,000. Here are the 36 Grand Forks homes on the market at or under it right now.
Purchase price
$316,000
Down payment
$63,000
All-in monthly
$2,077/mo
Matching homes
36
Grand Forks homes your $1,500 rent could own
Under your rent
5
$300,000
~$1,422/mo
i6970/6950 22nd Street
Grand Forks · Land
MLS® 10376702
Grand Forks Realty Ltd
Under your rent
37
$299,900
~$1,421/mo
i6624 19th Street
Grand Forks · Residential
4 bd
2 ba
2,016 sqft
$149/sqft
Built 1960
MLS® 10390082
Century 21 Kootenay Homes (2018) Ltd
Under your rent
13
$174,000
~$825/mo
i#403 – 2126 68th Avenue
Grand Forks · Residential
1 bd
1 ba
560 sqft
$311/sqft
Built 2005
MLS® 10381607
Coldwell Banker Executives Realty
Under your rent
5
$128,000
~$607/mo
i8841 Riverside Drive
Grand Forks · Land
MLS® 10374775
Coldwell Banker Executives Realty
Under your rent
7
$160,000
~$758/mo
iLot 6 VALLEY HEIGHTS Drive
Grand Forks · Land
MLS® 2470195
Easy List Realty
Under your rent
19
$259,900
~$1,232/mo
i#1 – 6845 19th Street
Grand Forks · Residential
2 bd
2 ba
1,106 sqft
$235/sqft
Built 1998
MLS® 10386463
Coldwell Banker Executives Realty
Under your rent
18
$219,000
~$1,038/mo
i173 75th Avenue
Grand Forks · Residential
2 bd
1 ba
1,106 sqft
$198/sqft
Built 1908
MLS® 10387639
Grand Forks Realty Ltd
Under your rent
17
$199,000
~$943/mo
iLot 2 3 Highway
Grand Forks · Land
MLS® 2478746
Grand Forks Realty Ltd
Under your rent
8
$179,900
~$853/mo
i#1 – 668 75TH Avenue
Grand Forks · Residential
1 bd
1 ba
597 sqft
$301/sqft
Built 2006
MLS® 10390010
Grand Forks Realty Ltd
Under your rent
24
$249,000
~$1,180/mo
i653 65th Avenue
Grand Forks · Residential
2 bd
1 ba
864 sqft
$288/sqft
Built 1948
MLS® 10395603
Grand Forks Realty Ltd
Under your rent
28
$279,000
~$1,322/mo
i#10 – 7225 Boundary Drive
Grand Forks · Residential
3 bd
2 ba
1,135 sqft
$246/sqft
Built 1996
MLS® 10395848
Grand Forks Realty Ltd
See all on the map (36 active listings)
Other rents in Grand Forks
$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 7.41 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 Grand Forks?
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 $195,000.
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 $577/mo in tax, strata and insurance, so the honest all-in monthly on a $316,000 home is closer to $2,077.
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 Grand Forks$2,000/mo in Grand Forks$2,200/mo in Grand Forks$2,500/mo in Grand Forks$3,000/mo in Grand Forks$3,500/mo in Grand Forks$4,000/mo in Grand ForksAll rent bands in Grand ForksGrand Forks 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.