Under your rent
23
$299,000
$284/sqft
2 bd · 1 ba · 1,054 sqft
#58, 3031 200 Street
Langley · Manufactured Home
~$1,417/mo
Listed by eXp RealtyMLS® R3171392
Rent vs own
$1,500 a month in rent buys a $316,000 home in Langley
At a 5.19% posted rate, 20% down and 25 years. 41 Langley homes are listed at or under it.
- Purchase price
- $316,000
- Down payment
- $63,000
- All-in monthly
- $1,993/mo
- Homes listed
- 41
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$316,000
20% down assumed ($63,000). 41 homes listed at or under it in Langley.
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
- $1,993/mo
- Homes listed
- 41
Source: Current MLS® listings.
Langley homes your $1,500 rent could own
41 active listingsOpen these Langley homes on the map
Draw an area and save homes you like.
Under your rent
34
$215,000
$259/sqft
2 bd · 2 ba · 830 sqft
#20, 24330 Fraser Highway
Langley · Manufactured Home
~$1,019/mo
Listed by eXp Realty of Canada Inc.MLS® R3155137
Under your rent
31
$189,900
$206/sqft
2 bd · 1 ba · 924 sqft
#33, 2315 198 Street
Langley · Manufactured Home
~$900/mo
Listed by Royal LePage - WolstencroftMLS® R3142209
Under your rent
33
$299,900
$425/sqft
1 bd · 1 ba · 706 sqft
#110, 20350 54 Avenue
Langley · Apartment/Condo
~$1,421/mo
Listed by RE/MAX Treeland RealtyMLS® R3153349
Under your rent
20
$314,995
$476/sqft
1 bd · 1 ba · 662 sqft
#314, 5294 204 Street
Langley · Apartment/Condo
~$1,493/mo
Listed by One Percent Realty Ltd.MLS® R3157418
Under your rent
40
$218,800
$168/sqft
2 bd · 2 ba · 1,302 sqft
#204, 20071 24 Avenue
Langley · Manufactured Home
~$1,037/mo
Listed by Royal LePage West Real Estate ServicesMLS® R3143493
Under your rent
37
$214,500
$200/sqft
2 bd · 1 ba · 1,070 sqft
#21, 2306 198 Street
Langley · Manufactured Home
~$1,017/mo
Listed by Macdonald RealtyMLS® R3172111
Under your rent
21
$299,900
$645/sqft
1 bd · 1 ba · 465 sqft
#509, 27218 Aldergrove Town Centre Drive
Langley · Apartment/Condo
~$1,421/mo
Listed by eXp Realty of Canada Inc.MLS® R3144436
Under your rent
26
$269,600
$219/sqft
2 bd · 2 ba · 1,230 sqft
#71, 20071 24 Avenue
Langley · Manufactured Home
~$1,278/mo
Listed by RE/MAX Treeland RealtyMLS® R3157912
Under your rent
38
$279,900
$305/sqft
1 bd · 1 ba · 918 sqft
#308, 20460 54 Avenue
Langley · Apartment/Condo
~$1,327/mo
Listed by Macdonald Realty (Surrey/152)MLS® R3169256
Under your rent
29
$280,000
$315/sqft
1 bd · 1 ba · 889 sqft
#211, 20460 54 Avenue
Langley · Apartment/Condo
~$1,327/mo
Listed by Sutton Group-West Coast Realty (Surrey/24)MLS® R3165331
Under your rent
33
$314,800
$312/sqft
2 bd · 1 ba · 1,009 sqft
#177, 27111 0 Avenue
Langley · Manufactured Home
~$1,492/mo
Listed by RE/MAX Treeland RealtyMLS® R3162746
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 | $493/mo |
| All-in monthly | $1,993/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
- 4.21 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 $493/mo, for $1,993 in total.
Other rents in Langley
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.