Under your rent
32
$86,700
$186/sqft
1 bd · 1 ba · 465 sqft
#212C, 160 Esplanade Avenue
Harrison Hot Springs · Apartment/Condo
~$411/mo
Listed by Royal Lepage Wheeler CheamMLS® R3130366
Rent vs own
$2,000 a month in rent buys a $422,000 home in Harrison Hot Springs
At a 5.19% posted rate, 20% down and 25 years. 6 Harrison Hot Springs homes are listed at or under it.
- Purchase price
- $422,000
- Down payment
- $84,000
- All-in monthly
- $2,531/mo
- Homes listed
- 6
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$422,000
20% down assumed ($84,000). 6 homes listed at or under it in Harrison Hot Springs.
Of the first payment, about $554 goes to the loan itself. Tax, strata and insurance would bring the all-in price closer to $315,000.
- Purchase price
- $422,000
- Down payment
- $84,000
- All-in monthly
- $2,531/mo
- Homes listed
- 6
Source: Current MLS® listings.
Harrison Hot Springs homes your $2,000 rent could own
6 active listingsOpen these Harrison Hot Springs homes on the map
Draw an area and save homes you like.
Under your rent
9
$399,900
630 Schooner Place
Harrison Hot Springs · Land
~$1,895/mo
Listed by Century 21 Creekside RealtyMLS® R3164020
Under your rent
31
$350,000
$337/sqft
2 bd · 1 ba · 1,040 sqft
BLK A – DL 1845 Cascade Bay
Harrison Hot Springs · Recreational
~$1,659/mo
Listed by Royal LePage - WolstencroftMLS® R3155502
Under your rent
40
$79,000
$170/sqft
1 bd · 1 ba · 465 sqft
#312A, 160 Esplanade Avenue
Harrison Hot Springs · Apartment/Condo
~$374/mo
Listed by Royal Lepage Wheeler CheamMLS® R3106565
Under your rent
30
$297,500
$888/sqft
1 bd · 1 ba · 335 sqft
#20, 450 Esplanade Avenue
Harrison Hot Springs · Apartment/Condo
~$1,410/mo
Listed by Royal Lepage Wheeler CheamMLS® R3144788
Under your rent
5
$399,900
LOT 179 Yale Division Yale District Lake
Harrison Hot Springs · Land
~$1,895/mo
Listed by RE/MAX Lifestyles Realty (Langley)MLS® R3118482
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 | $2,000/mo |
|---|---|
| Interest rate | 5.19% |
| Amortization | 25 years |
| Down payment (20%) | $84,000 |
| Mortgage supported | $338,000 |
| Purchase price | $422,000 |
| Tax, strata and insurance | $531/mo |
| All-in monthly | $2,531/mo |
Assumptions
- Rate
- 5.19%, the posted five-year fixed rate. Illustrative, not a quote.
- Amortization
- 25 years
- Down payment
- 20% ($84,000 on $422,000)
- Property tax
- 4.23 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
$84,000, or 20% of $422,000.
The mortgage payment is. Tax, strata and insurance add about $531/mo, for $2,531 in total.
Other rents in Harrison Hot Springs
- $1,500/mo in Harrison Hot Springs
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- $2,200/mo in Harrison Hot Springs
- $2,500/mo in Harrison Hot Springs
- $3,000/mo in Harrison Hot Springs
- $3,500/mo in Harrison Hot Springs
- $4,000/mo in Harrison Hot Springs
- All rent levels in Harrison Hot Springs
- Harrison Hot Springs market report
- Rent vs buy calculator
- Mortgage calculator
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.