Under your rent
12
$264,900
$441/sqft
1 bd · 1 ba · 601 sqft
#204, 360 BATTLE Street
Kamloops · Single Family
~$1,256/mo
Listed by One Percent Realty Ltd. (Kam)MLS® 10403053
Rent vs own
$1,500 a month in rent buys a $316,000 home in Kamloops
At a 5.19% posted rate, 20% down and 25 years. 110 Kamloops homes are listed at or under it.
- Purchase price
- $316,000
- Down payment
- $63,000
- All-in monthly
- $2,063/mo
- Homes listed
- 110
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$316,000
20% down assumed ($63,000). 110 homes listed at or under it in Kamloops.
Of the first payment, about $417 goes to the loan itself. Tax, strata and insurance would bring the all-in price closer to $216,000.
- Purchase price
- $316,000
- Down payment
- $63,000
- All-in monthly
- $2,063/mo
- Homes listed
- 110
Source: Current MLS® listings.
Kamloops homes your $1,500 rent could own
110 active listingsOpen these Kamloops homes on the map
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Under your rent
32
$212,900
$575/sqft
1 bd · 1 ba · 370 sqft
#312, 280 TRANQUILLE Road
Kamloops · Single Family
~$1,009/mo
Listed by eXp Realty (Kamloops)MLS® 10403049
Under your rent
27
$255,500
$394/sqft
1 bd · 1 ba · 648 sqft
#106, 555 Dalgleish Drive
Kamloops · Single Family
~$1,211/mo
Listed by REMAX KamloopsMLS® 10401409
Under your rent
43
$249,900
$194/sqft
3 bd · 2 ba · 1,285 sqft
#119, 2401 Ord Road
Kamloops · Single Family
~$1,184/mo
Listed by Royal LePage Westwin RealtyMLS® 10397578
Under your rent
29
$299,900
1668 Balsam Place
Kamloops · Vacant Land
~$1,421/mo
Listed by Royal LePage Westwin RealtyMLS® 10400098
Under your rent
21
$109,900
$127/sqft
2 bd · 1 ba · 862 sqft
#31, 1440 ORD Road
Kamloops · Single Family
~$521/mo
Listed by Century 21 Assurance Realty LtdMLS® 10396835
Under your rent
12
$209,000
$260/sqft
1 bd · 1 ba · 804 sqft
#1, 1900 Tranquille Road
Kamloops · Single Family
~$991/mo
Listed by Royal LePage Kamloops Realty (Seymour St)MLS® 10387474
Under your rent
23
$249,900
$283/sqft
2 bd · 1 ba · 883 sqft
#106, 1760 BRUNNER Avenue
Kamloops · Single Family
~$1,184/mo
Listed by eXp Realty (Kamloops)MLS® 10391452
Under your rent
28
$232,000
$185/sqft
2 bd · 1 ba · 1,254 sqft
#24, 2401 Ord Road
Kamloops · Single Family
~$1,100/mo
Listed by O'Keefe 3 Percent Realty Inc.MLS® 10390340
Under your rent
30
$259,000
$242/sqft
2 bd · 2 ba · 1,072 sqft
#311, 120 VERNON Avenue
Kamloops · Single Family
~$1,228/mo
Listed by REMAX KamloopsMLS® 10370466
Under your rent
34
$299,900
$476/sqft
1 bd · 1 ba · 630 sqft
#312, 554 SEYMOUR Street
Kamloops · Single Family
~$1,421/mo
Listed by Royal LePage Westwin RealtyMLS® 10402661
Under your rent
44
$299,900
$271/sqft
3 bd · 2 ba · 1,108 sqft
#13, 1781 Ord Road
Kamloops · Single Family
~$1,421/mo
Listed by eXp Realty (Kamloops)MLS® 10397190
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 | $1,500/mo |
|---|---|
| Interest rate | 5.19% |
| Amortization | 25 years |
| Down payment (20%) | $63,000 |
| Mortgage supported | $253,000 |
| Purchase price | $316,000 |
| Tax, strata and insurance | $563/mo |
| All-in monthly | $2,063/mo |
Assumptions
- Rate
- 5.19%, the posted five-year fixed rate. Illustrative, not a quote.
- Amortization
- 25 years
- Down payment
- 20% ($63,000 on $316,000)
- Property tax
- 6.85 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
$63,000, or 20% of $316,000.
The mortgage payment is. Tax, strata and insurance add about $563/mo, for $2,063 in total.
Other rents in Kamloops
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.