Under your rent
32
$79,900
$103/sqft
2 bd · 1 ba · 772 sqft
#14, 21163 Lougheed Highway
Maple Ridge · Manufactured Home
~$379/mo
Listed by RE/MAX LIFESTYLES REALTYMLS® R3157558
Rent vs own
$1,500 a month in rent buys a $316,000 home in Maple Ridge
At a 5.19% posted rate, 20% down and 25 years. 21 Maple Ridge homes are listed at or under it.
- Purchase price
- $316,000
- Down payment
- $63,000
- All-in monthly
- $2,002/mo
- Homes listed
- 21
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$316,000
20% down assumed ($63,000). 21 homes listed at or under it in Maple Ridge.
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
- $2,002/mo
- Homes listed
- 21
Source: Current MLS® listings.
Maple Ridge homes your $1,500 rent could own
21 active listingsOpen these Maple Ridge homes on the map
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Under your rent
23
$274,000
$414/sqft
1 bd · 1 ba · 662 sqft
#207, 12096 222 Street
Maple Ridge · Apartment/Condo
~$1,299/mo
Listed by LPT Realty ULCMLS® R3160897
Under your rent
15
$299,900
$372/sqft
1 bd · 1 ba · 807 sqft
#206, 22277 122 Avenue
Maple Ridge · Apartment/Condo
~$1,421/mo
Listed by Macdonald Realty (Surrey/152)MLS® R3161252
Under your rent
14
$105,000
$137/sqft
2 bd · 1 ba · 768 sqft
#29, 12868 229 Street
Maple Ridge · Manufactured Home
~$498/mo
Listed by Royal LePage - WolstencroftMLS® R3141911
Under your rent
34
$275,000
$292/sqft
2 bd · 1 ba · 943 sqft
#314, 12170 222nd Street
Maple Ridge · Apartment/Condo
~$1,303/mo
Listed by RE/MAX Performance RealtyMLS® R3137073
Under your rent
32
$225,000
$247/sqft
2 bd · 1 ba · 912 sqft
#39, 21163 Lougheed Highway
Maple Ridge · Manufactured Home
~$1,066/mo
Listed by Royal LePage - WolstencroftMLS® R3151870
Under your rent
19
$249,900
$371/sqft
1 bd · 1 ba · 674 sqft
#107, 12096 222 Street
Maple Ridge · Apartment/Condo
~$1,184/mo
Listed by RE/MAX LIFESTYLES REALTYMLS® R3108163
Under your rent
39
$72,900
$88/sqft
1 bd · 1 ba · 830 sqft
#72, 21163 Lougheed Highway
Maple Ridge · Manufactured Home
~$346/mo
Listed by Coldwell Banker Executives RealtyMLS® R3150009
Under your rent
15
$204,900
$270/sqft
1 bd · 1 ba · 759 sqft
#301, 12170 222nd Street
Maple Ridge · Apartment/Condo
~$971/mo
Listed by Royal LePage - WolstencroftMLS® R3149903
Under your rent
11
$184,500
$241/sqft
1 bd · 1 ba · 767 sqft
#307, 12170 222 Street
Maple Ridge · Apartment/Condo
~$874/mo
Listed by Heller Murch RealtyMLS® R3121275
Under your rent
36
$109,800
$163/sqft
2 bd · 1 ba · 672 sqft
#32, 21163 Lougheed Highway
Maple Ridge · Manufactured Home
~$520/mo
Listed by Royal LePage West Real Estate ServicesMLS® R3165752
Under your rent
10
$269,800
$516/sqft
1 bd · 1 ba · 523 sqft
#33, 23325 Calvin Crescent
Maple Ridge · Manufactured Home
~$1,279/mo
Listed by Macdonald RealtyMLS® R3128248
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 | $502/mo |
| All-in monthly | $2,002/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
- 4.54 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 $502/mo, for $2,002 in total.
Other rents in Maple Ridge
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.