Under your rent
22
$494,900
$434/sqft
2 bd · 2 ba · 1,141 sqft
#108, 12148 224 Street
Maple Ridge · Apartment/Condo
~$2,346/mo
Listed by Macdonald RealtyMLS® R3172408
Rent vs own
$2,500 a month in rent buys a $527,000 home in Maple Ridge
At a 5.19% posted rate, 20% down and 25 years. 132 Maple Ridge homes are listed at or under it.
- Purchase price
- $527,000
- Down payment
- $105,000
- All-in monthly
- $3,081/mo
- Homes listed
- 132
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$527,000
20% down assumed ($105,000). 132 homes listed at or under it in Maple Ridge.
Of the first payment, about $694 goes to the loan itself. Tax, strata and insurance would bring the all-in price closer to $414,000.
- Purchase price
- $527,000
- Down payment
- $105,000
- All-in monthly
- $3,081/mo
- Homes listed
- 132
Source: Current MLS® listings.
Maple Ridge homes your $2,500 rent could own
132 active listingsOpen these Maple Ridge homes on the map
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Under your rent
29
$415,000
$488/sqft
1 bd · 1 ba · 850 sqft
#114, 11887 Burnett Street
Maple Ridge · Apartment/Condo
~$1,967/mo
Listed by eXp RealtyMLS® R3174061
Under your rent
40
$399,900
$335/sqft
2 bd · 2 ba · 1,193 sqft
#214, 11578 225 Street
Maple Ridge · Apartment/Condo
~$1,895/mo
Listed by Royal LePage Elite WestMLS® R3174250
Under your rent
39
$489,900
$650/sqft
2 bd · 2 ba · 754 sqft
#310, 12143 223 Street
Maple Ridge · Apartment/Condo
~$2,322/mo
Listed by RE/MAX LIFESTYLES REALTYMLS® R3173447
Under your rent
34
$399,900
$583/sqft
1 bd · 1 ba · 686 sqft
#216, 11935 Burnett Street
Maple Ridge · Apartment/Condo
~$1,895/mo
Listed by Royal LePage Elite WestMLS® R3174072
Under your rent
40
$499,900
$496/sqft
2 bd · 2 ba · 1,008 sqft
#107, 11935 Burnett Street
Maple Ridge · Apartment/Condo
~$2,369/mo
Listed by One Percent Realty Ltd.MLS® R3169540
Under your rent
33
$369,900
$414/sqft
1 bd · 1 ba · 893 sqft
#509, 12148 224 Street
Maple Ridge · Apartment/Condo
~$1,753/mo
Listed by eXp RealtyMLS® R3171449
Under your rent
35
$399,900
$546/sqft
1 bd · 1 ba · 732 sqft
#304, 11566 224 Street
Maple Ridge · Apartment/Condo
~$1,895/mo
Listed by Royal LePage - WolstencroftMLS® R3168861
Under your rent
20
$429,900
$555/sqft
2 bd · 1 ba · 774 sqft
#510, 11913 Burnett Street
Maple Ridge · Apartment/Condo
~$2,038/mo
Listed by Royal LePage West Real Estate ServicesMLS® R3152444
Under your rent
26
$349,900
$687/sqft
1 bd · 1 ba · 509 sqft
#210, 22290 North Avenue
Maple Ridge · Apartment/Condo
~$1,658/mo
Listed by Macdonald RealtyMLS® R3169438
Under your rent
29
$369,999
$602/sqft
1 bd · 1 ba · 615 sqft
#311, 12070 227 Street
Maple Ridge · Apartment/Condo
~$1,754/mo
Listed by RE/MAX LIFESTYLES REALTYMLS® R3171316
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
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 | $2,500/mo |
|---|---|
| Interest rate | 5.19% |
| Amortization | 25 years |
| Down payment (20%) | $105,000 |
| Mortgage supported | $422,000 |
| Purchase price | $527,000 |
| Tax, strata and insurance | $581/mo |
| All-in monthly | $3,081/mo |
Assumptions
- Rate
- 5.19%, the posted five-year fixed rate. Illustrative, not a quote.
- Amortization
- 25 years
- Down payment
- 20% ($105,000 on $527,000)
- 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
$105,000, or 20% of $527,000.
The mortgage payment is. Tax, strata and insurance add about $581/mo, for $3,081 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.