Under your rent
34
$439,900
~$2,085/mo
i#204 – 10529 Powley Court
Lake Country · Residential
2 bd
2 ba
1,108 sqft
$397/sqft
Built 2008
MLS® 10388396
Royal LePage Kelowna
Rent vs mortgage
$2,200 a month in rent buys a $464,000 home in Lake Country
That is what a 2200-a-month rent carries as a mortgage at 5.19%, with 20% down over a 25-year amortization. Covering property tax, strata and insurance inside the same monthly budget, the matching price is about $344,000. Here are the 42 Lake Country homes on the market at or under it right now.
Purchase price
$464,000
Down payment
$93,000
All-in monthly
$2,771/mo
Matching homes
42
Lake Country homes your $2,200 rent could own
Under your rent
45
$239,900
~$1,137/mo
i#8 – 720 Commonwealth Road
Lake Country · Residential
3 bd
1 ba
1,207 sqft
$199/sqft
Built 1982
MLS® 10388442
REMAX Kelowna
Under your rent
64
$198,000
~$938/mo
i#139 – 9020 JIM BAILEY Road
Lake Country · Residential
3 bd
1 ba
1,170 sqft
$169/sqft
Built 1993
MLS® 10392051
Real Broker B.C. Ltd
Under your rent
20
$375,000
~$1,777/mo
iLot 18 Tyndall Road
Lake Country · Land
MLS® 10395821
Sotheby's International Realty Canada
Under your rent
20
$450,000
~$2,133/mo
iLot 15 Tyndall Road
Lake Country · Land
MLS® 10395818
Sotheby's International Realty Canada
Under your rent
20
$450,000
~$2,133/mo
iLot 14 Tyndall Road
Lake Country · Land
MLS® 10395815
Sotheby's International Realty Canada
Under your rent
20
$450,000
~$2,133/mo
iLot 16 Tyndall Road
Lake Country · Land
MLS® 10395820
Sotheby's International Realty Canada
Under your rent
20
$360,000
~$1,706/mo
iLot 11 Tyndall Road
Lake Country · Land
MLS® 10395697
Sotheby's International Realty Canada
Under your rent
20
$355,000
~$1,683/mo
iLot 12 Tyndall Road
Lake Country · Land
MLS® 10395704
Sotheby's International Realty Canada
Under your rent
20
$385,000
~$1,825/mo
iLot 10 Tyndall Road
Lake Country · Land
MLS® 10395694
Sotheby's International Realty Canada
Under your rent
20
$365,000
~$1,730/mo
iLot 1 Tyndall Road
Lake Country · Land
MLS® 10395348
Sotheby's International Realty Canada
Under your rent
20
$365,000
~$1,730/mo
iLot 2 Tyndall Road
Lake Country · Land
MLS® 10395349
Sotheby's International Realty Canada
See all on the map (42 active listings)
Other rents in Lake Country
$1,500/mo · $1,800/mo · $2,000/mo · $2,500/mo · $3,000/mo · $3,500/mo · $4,000/mo
The assumptions behind these numbers
Every figure assumes a 5.19% interest rate, 20% down and a 25-year amortization. Property tax uses the local municipal residential rate of 4.89 per $1,000; strata ($320/mo) and insurance ($62/mo) are estimates, since neither is knowable from rent alone. Change any of these in the calculator and the numbers update in place. This is an estimate for comparison, not a mortgage approval or financial advice. Your rate, down payment and the home's real carrying costs will differ. Confirm with a mortgage professional before you rely on it.
Common questions
What can $2,200 a month in rent buy in Lake Country?
At a 5.19% rate with 20% down over 25 years, $2,200/mo carries the mortgage on a home priced around $464,000. Covering tax, strata and insurance inside the same budget, the matching price is about $344,000.
How much do I need for a down payment?
On a $464,000 home at 20% down, the down payment is $93,000. A smaller down payment raises the monthly cost and may add mortgage insurance.
Is the mortgage really the same as my rent?
The mortgage payment is, by design; that is what this page solves for. Owning also adds roughly $571/mo in tax, strata and insurance, so the honest all-in monthly on a $464,000 home is closer to $2,771.
RR
How these numbers are worked out
I am Ray Rasouli, a licensed REALTOR® with Real Broker B.C. Ltd. The purchase price is your rent solved back through a standard amortized mortgage, and the listings come from live MLS® inventory refreshed hourly, not a static table. The figures are for comparison, not a mortgage approval. Tell me your situation and I will confirm what you actually qualify for.
$1,500/mo in Lake Country$1,800/mo in Lake Country$2,000/mo in Lake Country$2,500/mo in Lake Country$3,000/mo in Lake Country$3,500/mo in Lake Country$4,000/mo in Lake CountryAll rent bands in Lake CountryLake Country market reportMortgage calculator
Listing data provided by the Real Estate Board of Greater Vancouver and partner boards under MLS® Reciprocity. Deemed reliable but not guaranteed accurate. Mortgage figures are estimates for comparison only, not financial advice. MLS® and REALTOR® are trademarks of CREA.