Under your rent
13
$839,900
$589/sqft
4 bd · 3 ba · 1,426 sqft
#31, 6887 204a Street
Langley · Townhouse
~$3,981/mo
Listed by Prima MarketingMLS® R3123832
Rent vs own
$4,000 a month in rent buys a $844,000 home in Langley
At a 5.19% posted rate, 20% down and 25 years. 613 Langley homes are listed at or under it.
- Purchase price
- $844,000
- Down payment
- $169,000
- All-in monthly
- $4,678/mo
- Homes listed
- 613
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$844,000
20% down assumed ($169,000). 613 homes listed at or under it in Langley.
Of the first payment, about $1,112 goes to the loan itself. Tax, strata and insurance would bring the all-in price closer to $711,000.
- Purchase price
- $844,000
- Down payment
- $169,000
- All-in monthly
- $4,678/mo
- Homes listed
- 613
Source: Current MLS® listings.
Langley homes your $4,000 rent could own
613 active listingsOpen these Langley homes on the map
Draw an area and save homes you like.
Under your rent
16
$660,000
$819/sqft
2 bd · 1 ba · 806 sqft
#617B, 8157 207 Street
Langley · Apartment/Condo
~$3,128/mo
Listed by RE/MAX City RealtyMLS® R3167717
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
Under your rent
40
$799,000
$525/sqft
2 bd · 2 ba · 1,522 sqft
#215, 20655 88 Avenue
Langley · Townhouse
~$3,787/mo
Listed by Sutton Group-West Coast Realty (Surrey/24)MLS® R3173182
Under your rent
34
$649,000
$740/sqft
2 bd · 2 ba · 877 sqft
C612 – 8150 207 Street
Langley · Apartment/Condo
~$3,076/mo
Listed by Royal LePage - WolstencroftMLS® R3173548
Under your rent
33
$810,000
$533/sqft
3 bd · 3 ba · 1,521 sqft
#126, 9045 Walnut Grove Drive
Langley · Townhouse
~$3,839/mo
Listed by Real Broker B.C. Ltd.MLS® R3166294
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
19
$773,888
$528/sqft
3 bd · 3 ba · 1,465 sqft
#110, 20498 82 Avenue
Langley · Townhouse
~$3,668/mo
Listed by Royal LePage - WolstencroftMLS® R3168387
Under your rent
33
$799,999
$441/sqft
4 bd · 4 ba · 1,813 sqft
#62, 6450 199 Street
Langley · Townhouse
~$3,792/mo
Listed by Oakwyn Realty Ltd.MLS® R3173706
Under your rent
40
$589,000
$533/sqft
2 bd · 1 ba · 1,106 sqft
#57, 7179 201 Street
Langley · Townhouse
~$2,792/mo
Listed by RE/MAX Treeland RealtyMLS® R3167953
Under your rent
6
$799,900
$472/sqft
4 bd · 3 ba · 1,695 sqft
#9, 8968 208 Street
Langley · Townhouse
~$3,791/mo
Listed by Team 3000 Realty Ltd.MLS® R3174076
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
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 | $4,000/mo |
|---|---|
| Interest rate | 5.19% |
| Amortization | 25 years |
| Down payment (20%) | $169,000 |
| Mortgage supported | $675,000 |
| Purchase price | $844,000 |
| Tax, strata and insurance | $678/mo |
| All-in monthly | $4,678/mo |
Assumptions
- Rate
- 5.19%, the posted five-year fixed rate. Illustrative, not a quote.
- Amortization
- 25 years
- Down payment
- 20% ($169,000 on $844,000)
- 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
$169,000, or 20% of $844,000.
The mortgage payment is. Tax, strata and insurance add about $678/mo, for $4,678 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.