Under your rent
22
$349,000
$426/sqft
2 bd · 1 ba · 820 sqft
#211, 5294 204 St Street
Langley · Apartment/Condo
~$1,654/mo
Listed by Homelife Benchmark Titus RealtyMLS® R3163845
Rent vs own
$2,200 a month in rent buys a $464,000 home in Langley
At a 5.19% posted rate, 20% down and 25 years. 203 Langley homes are listed at or under it.
- Purchase price
- $464,000
- Down payment
- $93,000
- All-in monthly
- $2,745/mo
- Homes listed
- 203
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$464,000
20% down assumed ($93,000). 203 homes listed at or under it in Langley.
Of the first payment, about $613 goes to the loan itself. Tax, strata and insurance would bring the all-in price closer to $355,000.
- Purchase price
- $464,000
- Down payment
- $93,000
- All-in monthly
- $2,745/mo
- Homes listed
- 203
Source: Current MLS® listings.
Langley homes your $2,200 rent could own
203 active listingsOpen these Langley homes on the map
Draw an area and save homes you like.
Under your rent
11
$429,900
$737/sqft
1 bd · 1 ba · 583 sqft
A513 – 8233 208b Street
Langley · Apartment/Condo
~$2,038/mo
Listed by Royal First RealtyMLS® R3174337
Under your rent
34
$410,000
$379/sqft
2 bd · 2 ba · 1,082 sqft
#406, 5765 Glover Road
Langley · Apartment/Condo
~$1,943/mo
Listed by Dexter RealtyMLS® R3173892
Under your rent
39
$439,000
$358/sqft
2 bd · 2 ba · 1,225 sqft
#205, 5710 201 Street
Langley · Apartment/Condo
~$2,081/mo
Listed by eXp Realty of Canada Inc.MLS® R3162976
Under your rent
17
$360,000
$598/sqft
1 bd · 1 ba · 602 sqft
#302, 20460 Douglas Crescent
Langley · Apartment/Condo
~$1,706/mo
Listed by eXp Realty of Canada Inc.MLS® R3157094
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
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
30
$374,900
$281/sqft
2 bd · 2 ba · 1,333 sqft
#197, 27111 0 Avenue
Langley · Manufactured Home
~$1,777/mo
Listed by RE/MAX Aldercenter RealtyMLS® R3172920
Under your rent
39
$389,900
$535/sqft
1 bd · 1 ba · 729 sqft
#416, 20460 Douglas Crescent
Langley · Apartment/Condo
~$1,848/mo
Listed by Royal LePage - WolstencroftMLS® R3171214
Under your rent
40
$415,000
$705/sqft
1 bd · 1 ba · 589 sqft
A101 – 8929 202 Street
Langley · Apartment/Condo
~$1,967/mo
Listed by eXp Realty of Canada Inc.MLS® R3151537
Under your rent
37
$438,800
$453/sqft
2 bd · 2 ba · 969 sqft
#107, 20237 54 Avenue
Langley · Apartment/Condo
~$2,080/mo
Listed by The Agency White RockMLS® R3087501
Under your rent
29
$395,000
$713/sqft
1 bd · 1 ba · 554 sqft
#401, 27215 Aldergrove Town Centre Drive
Langley · Apartment/Condo
~$1,872/mo
Listed by Royal LePage Little Oak RealtyMLS® R3172529
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 | $2,200/mo |
|---|---|
| Interest rate | 5.19% |
| Amortization | 25 years |
| Down payment (20%) | $93,000 |
| Mortgage supported | $371,000 |
| Purchase price | $464,000 |
| Tax, strata and insurance | $545/mo |
| All-in monthly | $2,745/mo |
Assumptions
- Rate
- 5.19%, the posted five-year fixed rate. Illustrative, not a quote.
- Amortization
- 25 years
- Down payment
- 20% ($93,000 on $464,000)
- 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
$93,000, or 20% of $464,000.
The mortgage payment is. Tax, strata and insurance add about $545/mo, for $2,745 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.