Under your rent
24
$598,000
$592/sqft
2 bd · 2 ba · 1,010 sqft
#306, 22226 Brown Avenue
Maple Ridge · Apartment/Condo
~$2,834/mo
Listed by Stonehaus Realty Corp.MLS® R3142480
Rent vs own
$4,000 a month in rent buys a $844,000 home in Maple Ridge
At a 5.19% posted rate, 20% down and 25 years. 305 Maple Ridge homes are listed at or under it.
- Purchase price
- $844,000
- Down payment
- $169,000
- All-in monthly
- $4,701/mo
- Homes listed
- 305
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$844,000
20% down assumed ($169,000). 305 homes listed at or under it in Maple Ridge.
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
- $4,701/mo
- Homes listed
- 305
Source: Current MLS® listings.
Maple Ridge homes your $4,000 rent could own
305 active listingsOpen these Maple Ridge homes on the map
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Under your rent
37
$610,000
$447/sqft
2 bd · 3 ba · 1,365 sqft
#24, 10151 240 Street
Maple Ridge · Townhouse
~$2,891/mo
Listed by Royal LePage Elite WestMLS® R3172229
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
Under your rent
23
$709,900
$525/sqft
3 bd · 3 ba · 1,351 sqft
#4, 10392 240a Street
Maple Ridge · Townhouse
~$3,365/mo
Listed by RE/MAX Treeland RealtyMLS® R3157902
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
$699,888
$535/sqft
3 bd · 3 ba · 1,308 sqft
#25, 22810 113 Avenue
Maple Ridge · Townhouse
~$3,317/mo
Listed by Royal LePage - WolstencroftMLS® R3169948
Under your rent
40
$839,000
$356/sqft
3 bd · 4 ba · 2,360 sqft
#65, 11720 Cottonwood Drive
Maple Ridge · Townhouse
~$3,977/mo
Listed by Royal LePage - WolstencroftMLS® R3169186
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
39
$594,900
$662/sqft
3 bd · 2 ba · 898 sqft
#220, 12143 223 Street
Maple Ridge · Apartment/Condo
~$2,820/mo
Listed by RE/MAX LIFESTYLES REALTYMLS® R3173424
Under your rent
36
$729,999
$449/sqft
3 bd · 3 ba · 1,625 sqft
#42, 23085 118 Avenue
Maple Ridge · Townhouse
~$3,460/mo
Listed by Royal LePage - WolstencroftMLS® R3161588
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 | $701/mo |
| All-in monthly | $4,701/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
- 4.54 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
$169,000, or 20% of $844,000.
The mortgage payment is. Tax, strata and insurance add about $701/mo, for $4,701 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.