Under your rent
49
$184,900
~$876/mo
i#34 – 1098 Houston Street
Merritt · Residential
3 bd
2 ba
1,566 sqft
$118/sqft
Built 2003
MLS® 10363079
eXp Realty (Kamloops)
Rent vs mortgage
$4,000 a month in rent buys a $844,000 home in Merritt
That is what a 4000-a-month rent carries as a mortgage at 5.19%, with 20% down over a 25-year amortization. Covering property tax, strata and insurance inside the same monthly budget, the matching price is about $652,000. Here are the 176 Merritt homes on the market at or under it right now.
Purchase price
$844,000
Down payment
$169,000
All-in monthly
$4,909/mo
Matching homes
176
Merritt homes your $4,000 rent could own
Under your rent
3
$199,000
~$943/mo
iLot 20 – 2713 PEREGRINE Way
Merritt · Land
MLS® 177018
PG Direct Realty Ltd.
Under your rent
40
$439,000
~$2,081/mo
i1626 GREIG Street
Merritt · Residential
2 bd
1 ba
2,105 sqft
$209/sqft
Built 1951
MLS® 10396366
Real Broker B.C. Ltd
Under your rent
86
$749,000
~$3,550/mo
i1889 Nicolls Road
Merritt · Residential
3 bd
1 ba
1,129 sqft
$663/sqft
Built 2010
MLS® 10398402
Royal LePage Merritt R.E. Serv
Under your rent
25
$299,900
~$1,421/mo
i#6 – 2760 Voght Street
Merritt · Residential
2 bd
2 ba
1,125 sqft
$267/sqft
Built 1995
MLS® 10393046
REMAX Legacy
Under your rent
47
$489,000
~$2,318/mo
i#25 – 1901 Maxwell Avenue
Merritt · Residential
2 bd
2 ba
1,329 sqft
$368/sqft
Built 1994
MLS® 10395408
Canada Flex Realty Group
Under your rent
93
$699,900
~$3,317/mo
i2326 GARCIA Street
Merritt · Residential
4 bd
3 ba
2,935 sqft
$238/sqft
Built 1910
MLS® 10386826
Canada Flex Realty Group
Under your rent
86
$559,900
~$2,654/mo
i2101 GILLIS Crescent
Merritt · Residential
4 bd
3 ba
2,220 sqft
$252/sqft
Built 1961
MLS® 10398169
Canada Flex Realty Group
Under your rent
54
$699,500
~$3,315/mo
i2463 Irvine Avenue
Merritt · Residential
3 bd
3 ba
2,485 sqft
$281/sqft
Built 1981
MLS® 10384982
Canada Flex Realty Group
Under your rent
57
$479,000
~$2,270/mo
i2337 Coutlee Avenue
Merritt · Residential
5 bd
2 ba
2,861 sqft
$167/sqft
Built 1966
MLS® 10394976
Canada Flex Realty Group
Under your rent
49
$315,000
~$1,493/mo
i#12 – 1717 Granite Avenue
Merritt · Residential
3 bd
3 ba
1,852 sqft
$170/sqft
Built 1988
MLS® 10397549
Canada Flex Realty Group
Under your rent
28
$379,000
~$1,796/mo
i2564 Coutlee Avenue
Merritt · Residential
3 bd
1 ba
1,200 sqft
$316/sqft
Built 1964
MLS® 10379514
Canada Flex Realty Group
See all on the map (176 active listings)
Other rents in Merritt
$1,500/mo · $1,800/mo · $2,000/mo · $2,200/mo · $2,500/mo · $3,000/mo · $3,500/mo
The assumptions behind these numbers
Every figure assumes a 5.19% interest rate, 20% down and a 25-year amortization. Property tax uses the local municipal residential rate of 7.49 per $1,000; strata ($320/mo) and insurance ($62/mo) are estimates, since neither is knowable from rent alone. Change any of these in the calculator and the numbers update in place. This is an estimate for comparison, not a mortgage approval or financial advice. Your rate, down payment and the home's real carrying costs will differ. Confirm with a mortgage professional before you rely on it.
Common questions
What can $4,000 a month in rent buy in Merritt?
At a 5.19% rate with 20% down over 25 years, $4,000/mo carries the mortgage on a home priced around $844,000. Covering tax, strata and insurance inside the same budget, the matching price is about $652,000.
How much do I need for a down payment?
On a $844,000 home at 20% down, the down payment is $169,000. A smaller down payment raises the monthly cost and may add mortgage insurance.
Is the mortgage really the same as my rent?
The mortgage payment is, by design; that is what this page solves for. Owning also adds roughly $909/mo in tax, strata and insurance, so the honest all-in monthly on a $844,000 home is closer to $4,909.
RR
How these numbers are worked out
I am Ray Rasouli, a licensed REALTOR® with Real Broker B.C. Ltd. The purchase price is your rent solved back through a standard amortized mortgage, and the listings come from live MLS® inventory refreshed hourly, not a static table. The figures are for comparison, not a mortgage approval. Tell me your situation and I will confirm what you actually qualify for.
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Listing data provided by the Real Estate Board of Greater Vancouver and partner boards under MLS® Reciprocity. Deemed reliable but not guaranteed accurate. Mortgage figures are estimates for comparison only, not financial advice. MLS® and REALTOR® are trademarks of CREA.