Under your rent
40
$729,500
$683/sqft
3 bd · 1 ba · 1,068 sqft
33515 8 Avenue
Mission · Single Family Residence
~$3,458/mo
Listed by Royal LePage - WolstencroftMLS® R3158762
Rent vs own
$3,500 a month in rent buys a $738,000 home in Mission
At a 5.19% posted rate, 20% down and 25 years. 202 Mission homes are listed at or under it.
- Purchase price
- $738,000
- Down payment
- $148,000
- All-in monthly
- $4,155/mo
- Homes listed
- 202
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$738,000
20% down assumed ($148,000). 202 homes listed at or under it in Mission.
Of the first payment, about $975 goes to the loan itself. Tax, strata and insurance would bring the all-in price closer to $612,000.
- Purchase price
- $738,000
- Down payment
- $148,000
- All-in monthly
- $4,155/mo
- Homes listed
- 202
Source: Current MLS® listings.
Mission homes your $3,500 rent could own
202 active listingsOpen these Mission homes on the map
Draw an area and save homes you like.
Under your rent
40
$350,000
$275/sqft
3 bd · 2 ba · 1,274 sqft
#91, 41168 Lougheed Highway
Mission · Manufactured Home
~$1,659/mo
Listed by Royal LePage Elite WestMLS® R3172728
Under your rent
34
$669,900
$392/sqft
3 bd · 3 ba · 1,707 sqft
#13, 32929 Cherry Avenue
Mission · Townhouse
~$3,175/mo
Listed by Real Broker B.C. Ltd.MLS® R3173923
Under your rent
25
$449,000
$320/sqft
2 bd · 2 ba · 1,401 sqft
#5, 32165 7 Avenue
Mission · Townhouse
~$2,128/mo
Listed by eXp Realty of Canada Inc.MLS® R3159658
Under your rent
31
$429,000
$387/sqft
2 bd · 2 ba · 1,108 sqft
#301, 33669 2nd Avenue
Mission · Apartment/Condo
~$2,033/mo
Listed by RE/MAX MagnoliaMLS® R3112559
Under your rent
17
$269,000
$288/sqft
2 bd · 1 ba · 934 sqft
#41, 43201 Lougheed Highway
Mission · Manufactured Home
~$1,275/mo
Listed by Real Broker BC LtdMLS® R3167152
Under your rent
24
$719,000
$348/sqft
3 bd · 3 ba · 2,066 sqft
31964 Raven Avenue
Mission · Single Family Residence
~$3,408/mo
Listed by Homelife Advantage Realty Ltd.MLS® R3124664
Under your rent
38
$639,000
$388/sqft
4 bd · 3 ba · 1,647 sqft
#3, 32792 Lightbody Court
Mission · Townhouse
~$3,029/mo
Listed by Team 3000 Realty Ltd.MLS® R3173819
Under your rent
16
$189,900
$186/sqft
2 bd · 1 ba · 1,022 sqft
#81, 10221 Wilson Road
Mission · Manufactured Home
~$900/mo
Listed by Royal LePage Little Oak RealtyMLS® R3172086
Under your rent
23
$199,999
42269 Bergen Road
Mission · Land
~$948/mo
Listed by Oakwyn Realty Ltd.MLS® R3174253
Under your rent
28
$149,000
#200, 8400 Shook Road
Mission · Land
~$706/mo
Listed by RE/MAX LIFESTYLES REALTYMLS® R3120200
Under your rent
35
$719,900
$506/sqft
3 bd · 3 ba · 1,424 sqft
#74, 7381 Preston Boulevard
Mission · Townhouse
~$3,412/mo
Listed by RE/MAX MagnoliaMLS® R3167325
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 | $3,500/mo |
|---|---|
| Interest rate | 5.19% |
| Amortization | 25 years |
| Down payment (20%) | $148,000 |
| Mortgage supported | $590,000 |
| Purchase price | $738,000 |
| Tax, strata and insurance | $655/mo |
| All-in monthly | $4,155/mo |
Assumptions
- Rate
- 5.19%, the posted five-year fixed rate. Illustrative, not a quote.
- Amortization
- 25 years
- Down payment
- 20% ($148,000 on $738,000)
- Property tax
- 4.44 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
$148,000, or 20% of $738,000.
The mortgage payment is. Tax, strata and insurance add about $655/mo, for $4,155 in total.
Other rents in Mission
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.