Under your rent
$569,900
$340/sqft
3 bd · 2 ba · 1,675 sqft
580 Rupert Street
Hope · Single Family Residence
~$2,701/mo
Listed by RE/MAX Nyda Realty (Hope)MLS® R3173826
Rent vs own
$3,000 a month in rent buys a $633,000 home in Hope
At a 5.19% posted rate, 20% down and 25 years. 67 Hope homes are listed at or under it.
- Purchase price
- $633,000
- Down payment
- $127,000
- All-in monthly
- $3,670/mo
- Homes listed
- 67
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$633,000
20% down assumed ($127,000). 67 homes listed at or under it in Hope.
Of the first payment, about $835 goes to the loan itself. Tax, strata and insurance would bring the all-in price closer to $513,000.
- Purchase price
- $633,000
- Down payment
- $127,000
- All-in monthly
- $3,670/mo
- Homes listed
- 67
Source: Current MLS® listings.
Hope homes your $3,000 rent could own
67 active listingsOpen these Hope homes on the map
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Under your rent
22
$624,900
$407/sqft
2 bd · 2 ba · 1,536 sqft
533 Rupert Street
Hope · Single Family Residence
~$2,962/mo
Listed by RE/MAX Nyda Realty Inc.MLS® R3166181
Under your rent
39
$599,900
$309/sqft
3 bd · 2 ba · 1,942 sqft
71449 Old Yale Princeton Highway
Hope · Single Family Residence
~$2,843/mo
Listed by Royal Lepage Wheeler CheamMLS® R3106322
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
Under your rent
32
$535,000
$507/sqft
3 bd · 1 ba · 1,055 sqft
561 Thacker Avenue
Hope · Single Family Residence
~$2,536/mo
Listed by RE/MAX Nyda Realty (Hope)MLS® R3173411
Under your rent
$269,000
19728 Silverhope Road
Hope · Land
~$1,275/mo
Listed by RE/MAX Performance RealtyMLS® R3173068
Under your rent
40
$599,900
$333/sqft
4 bd · 2 ba · 1,800 sqft
19865 Peter Street
Hope · Single Family Residence
~$2,843/mo
Listed by Pathway Executives Realty Inc.MLS® R3172854
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
33
$565,000
$289/sqft
3 bd · 3 ba · 1,953 sqft
#1, 1265 Ryder Street
Hope · Half Duplex
~$2,678/mo
Listed by RE/MAX Nyda Realty (Hope)MLS® R3162622
Under your rent
33
$624,800
$379/sqft
4 bd · 3 ba · 1,650 sqft
#24, 1175 7th Avenue
Hope · Townhouse
~$2,961/mo
Listed by RE/MAX Nyda Realty (Hope)MLS® R3171047
Under your rent
37
$598,000
$267/sqft
3 bd · 2 ba · 2,238 sqft
1075 3rd Avenue
Hope · Single Family Residence
~$2,834/mo
Listed by Royal Lepage Wheeler CheamMLS® R3171745
Under your rent
3
$205,000
SVE54 Old Hope Princeton Highway
Hope · Land
~$972/mo
Listed by RE/MAX City RealtyMLS® R2953673
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 | $3,000/mo |
|---|---|
| Interest rate | 5.19% |
| Amortization | 25 years |
| Down payment (20%) | $127,000 |
| Mortgage supported | $506,000 |
| Purchase price | $633,000 |
| Tax, strata and insurance | $670/mo |
| All-in monthly | $3,670/mo |
Assumptions
- Rate
- 5.19%, the posted five-year fixed rate. Illustrative, not a quote.
- Amortization
- 25 years
- Down payment
- 20% ($127,000 on $633,000)
- 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
$127,000, or 20% of $633,000.
The mortgage payment is. Tax, strata and insurance add about $670/mo, for $3,670 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.