Under your rent
29
$374,000
~$1,773/mo
i2338 KETTLE RIVER Drive
Grand Forks · Land
MLS® 10397021
Coldwell Banker Executives Realty
Rent vs mortgage
$2,500 a month in rent buys a $527,000 home in Grand Forks
That is what a 2500-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 $378,000. Here are the 73 Grand Forks homes on the market at or under it right now.
Purchase price
$527,000
Down payment
$105,000
All-in monthly
$3,208/mo
Matching homes
73
Grand Forks homes your $2,500 rent could own
Under your rent
31
$525,000
~$2,488/mo
i1524 77TH Avenue
Grand Forks · Residential
4 bd
3 ba
2,306 sqft
$228/sqft
Built 1983
MLS® 10394698
Grand Forks Realty Ltd
Under your rent
4
$164,900
~$782/mo
i7346 Donaldson Drive
Grand Forks · Land
MLS® 10384003
Discover Border Country Realty
Under your rent
32
$359,000
~$1,702/mo
i2019 66th Avenue
Grand Forks · Residential
2 bd
1 ba
1,347 sqft
$267/sqft
Built 1957
MLS® 10398354
Grand Forks Realty Ltd
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
26
$380,000
~$1,801/mo
i7843 21st Street
Grand Forks · Residential
2 bd
2 ba
876 sqft
$434/sqft
Built 1965
MLS® 10398398
Coldwell Banker Executives Realty
Under your rent
30
$509,900
~$2,417/mo
i7551 7TH Street
Grand Forks · Residential
2 bd
1 ba
1,204 sqft
$424/sqft
Built 1954
MLS® 10383156
Easy List Realty
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
23
$395,000
~$1,872/mo
i1332 66th Street
Grand Forks · Residential
4 bd
2 ba
2,312 sqft
$171/sqft
Built 1972
MLS® 10373702
Grand Forks Realty Ltd
Under your rent
22
$468,000
~$2,218/mo
i6105 Sleepy Hollow Road
Grand Forks · Residential
2 bd
1 ba
924 sqft
$506/sqft
Built 1978
MLS® 10391189
Coldwell Banker Executives Realty
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
See all on the map (73 active listings)
Other rents in Grand Forks
$1,500/mo · $1,800/mo · $2,000/mo · $2,200/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 $2,500 a month in rent buy in Grand Forks?
At a 5.19% rate with 20% down over 25 years, $2,500/mo carries the mortgage on a home priced around $527,000. Covering tax, strata and insurance inside the same budget, the matching price is about $378,000.
How much do I need for a down payment?
On a $527,000 home at 20% down, the down payment is $105,000. 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 $708/mo in tax, strata and insurance, so the honest all-in monthly on a $527,000 home is closer to $3,208.
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.