Under your rent
37
$269,900
$250/sqft
3 bd · 2 ba · 1,080 sqft
#50, 65367 Kawkawa Lake Road
Hope · Manufactured Home
~$1,279/mo
Listed by Century 21 Creekside RealtyMLS® R3169267
Rent vs own
$2,000 a month in rent buys a $422,000 home in Hope
At a 5.19% posted rate, 20% down and 25 years. 40 Hope homes are listed at or under it.
- Purchase price
- $422,000
- Down payment
- $84,000
- All-in monthly
- $2,574/mo
- Homes listed
- 40
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$422,000
20% down assumed ($84,000). 40 homes listed at or under it in Hope.
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
- $2,574/mo
- Homes listed
- 40
Source: Current MLS® listings.
Hope homes your $2,000 rent could own
40 active listingsOpen these Hope homes on the map
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Under your rent
$269,000
19728 Silverhope Road
Hope · Land
~$1,275/mo
Listed by RE/MAX Performance RealtyMLS® R3173068
Under your rent
7
$169,900
66555 Kereluk Road
Hope · Land
~$805/mo
Listed by RE/MAX Nyda Realty (Hope)MLS® R3119182
Under your rent
3
$205,000
SVE54 Old Hope Princeton Highway
Hope · Land
~$972/mo
Listed by RE/MAX City RealtyMLS® R2953673
Under your rent
10
$209,900
$223/sqft
2 bd · 2 ba · 942 sqft
#3, 62010 Flood Hope Road
Hope · Manufactured Home
~$995/mo
Listed by Royal Lepage Wheeler CheamMLS® R3143355
Under your rent
32
$412,500
$234/sqft
2 bd · 2 ba · 1,764 sqft
944 3rd Avenue
Hope · Single Family Residence
~$1,955/mo
Listed by RE/MAX Nyda Realty (Hope)MLS® R3150315
Under your rent
30
$140,000
$152/sqft
3 bd · 2 ba · 924 sqft
#42, 62790 Flood Hope Road
Hope · Manufactured Home
~$664/mo
Listed by Royal Lepage Wheeler CheamMLS® R3160964
Under your rent
18
$399,997
$351/sqft
3 bd · 1 ba · 1,138 sqft
325 Hudson Bay Street
Hope · Single Family Residence
~$1,896/mo
Listed by Century 21 Creekside RealtyMLS® R3168583
Under your rent
11
$174,900
$168/sqft
2 bd · 2 ba · 1,040 sqft
#52, 65367 Kawkawa Lake Road
Hope · Manufactured Home
~$829/mo
Listed by Advantage Property ManagementMLS® R3166772
Under your rent
13
$295,000
66652 Summer Road
Hope · Land
~$1,398/mo
Listed by eXp RealtyMLS® R3166149
Under your rent
36
$269,500
$272/sqft
2 bd · 2 ba · 990 sqft
#58, 65367 Kawkawa Lake Road
Hope · Manufactured Home
~$1,277/mo
Listed by Pathway Executives Realty Inc.MLS® R3143205
Under your rent
32
$140,000
$123/sqft
2 bd · 1 ba · 1,142 sqft
#107, 65367 Kawkawa Lake Road
Hope · Manufactured Home
~$664/mo
Listed by RE/MAX Treeland RealtyMLS® R3165158
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 | $574/mo |
| All-in monthly | $2,574/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
- 5.46 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 $574/mo, for $2,574 in total.
Other rents in Hope
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.