Under your rent
27
$249,900
$212/sqft
2 bd · 2 ba · 1,179 sqft
#4, 7841 Highway 97 N Highway
Kelowna · Single Family
~$1,184/mo
Listed by REMAX KelownaMLS® 10376338
Rent vs own
$2,500 a month in rent buys a $527,000 home in Kelowna
At a 5.19% posted rate, 20% down and 25 years. 534 Kelowna homes are listed at or under it.
- Purchase price
- $527,000
- Down payment
- $105,000
- All-in monthly
- $3,091/mo
- Homes listed
- 534
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$527,000
20% down assumed ($105,000). 534 homes listed at or under it in Kelowna.
Of the first payment, about $694 goes to the loan itself. Tax, strata and insurance would bring the all-in price closer to $414,000.
- Purchase price
- $527,000
- Down payment
- $105,000
- All-in monthly
- $3,091/mo
- Homes listed
- 534
Source: Current MLS® listings.
Kelowna homes your $2,500 rent could own
534 active listingsOpen these Kelowna homes on the map
Draw an area and save homes you like.
Under your rent
39
$459,000
$446/sqft
2 bd · 1 ba · 1,028 sqft
246 Briarwood Road
Kelowna · Single Family
~$2,176/mo
Listed by Royal LePage KelownaMLS® 10402790
Under your rent
58
$499,900
$274/sqft
3 bd · 3 ba · 1,827 sqft
#6, 3000 Richter Street
Kelowna · Single Family
~$2,369/mo
Listed by REMAX KelownaMLS® 10402303
Under your rent
33
$517,500
$434/sqft
2 bd · 2 ba · 1,193 sqft
#309, 1964 Enterprise Way
Kelowna · Single Family
~$2,453/mo
Listed by REMAX KelownaMLS® 10403301
Under your rent
35
$319,900
$379/sqft
2 bd · 1 ba · 843 sqft
#62, 610 Katherine Road
Kelowna · Single Family
~$1,516/mo
Listed by Coldwell Banker Horizon RealtyMLS® 10402343
Under your rent
37
$119,900
#343, 6843 Madrid Way
Kelowna · Vacant Land
~$568/mo
Listed by Coldwell Banker Executives RealtyMLS® 10403185
Under your rent
26
$275,000
$597/sqft
1 bd · 1 ba · 461 sqft
#218, 1550 Dickson Avenue
Kelowna · Single Family
~$1,303/mo
Listed by Oakwyn Realty OkanaganMLS® 10403003
Under your rent
21
$229,900
$135/sqft
3 bd · 2 ba · 1,700 sqft
#64, 720 Commonwealth Road
Kelowna · Single Family
~$1,090/mo
Listed by Royal LePage KelownaMLS® 10403265
Under your rent
40
$489,000
$584/sqft
1 bd · 1 ba · 837 sqft
#115, 580 Sarsons Road
Kelowna · Single Family
~$2,318/mo
Listed by Oakwyn Realty Okanagan-Letnick EstatesMLS® 10402431
Under your rent
54
$324,900
$238/sqft
2 bd · 2 ba · 1,365 sqft
#214, 1045 Sutherland Avenue
Kelowna · Single Family
~$1,540/mo
Listed by Sutton Centre RealtyMLS® 10403033
Under your rent
47
$499,000
$1,018/sqft
1 bd · 1 ba · 490 sqft
#407, 3699 Capozzi Road
Kelowna · Single Family
~$2,365/mo
Listed by Rennie & Associates Realty Ltd.MLS® 10402907
Under your rent
27
$475,000
$310/sqft
3 bd · 2 ba · 1,534 sqft
#109, 2288 Benvoulin Road
Kelowna · Single Family
~$2,251/mo
Listed by REMAX KelownaMLS® 10402387
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 | $2,500/mo |
|---|---|
| Interest rate | 5.19% |
| Amortization | 25 years |
| Down payment (20%) | $105,000 |
| Mortgage supported | $422,000 |
| Purchase price | $527,000 |
| Tax, strata and insurance | $591/mo |
| All-in monthly | $3,091/mo |
Assumptions
- Rate
- 5.19%, the posted five-year fixed rate. Illustrative, not a quote.
- Amortization
- 25 years
- Down payment
- 20% ($105,000 on $527,000)
- Property tax
- 4.76 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
$105,000, or 20% of $527,000.
The mortgage payment is. Tax, strata and insurance add about $591/mo, for $3,091 in total.
Other rents in Kelowna
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.