Under your rent
10
$108,000
~$512/mo
i6812 GRANDVIEW Drive
Nelson · Land
MLS® 10392371
eXp Realty
Rent vs mortgage
$1,500 a month in rent buys a $316,000 home in Nelson
That is what a 1500-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 $201,000. Here are the 21 Nelson homes on the market at or under it right now.
Purchase price
$316,000
Down payment
$63,000
All-in monthly
$2,049/mo
Matching homes
21
Nelson homes your $1,500 rent could own
Under your rent
40
$162,900
~$772/mo
i#18 – 2917 GEORAMA Road
Nelson · Residential
2 bd
1 ba
1,040 sqft
$157/sqft
Built 1979
MLS® 10396633
WK Real Estate Co.
Under your rent
38
$129,500
~$614/mo
i#39 – 1554 GRANITE Road
Nelson · Residential
2 bd
1 ba
880 sqft
$147/sqft
Built 1970
MLS® 10384735
eXp Realty
Under your rent
7
$315,000
~$1,493/mo
i155 Lakeview Drive
Nelson · Land
MLS® 10397124
Valhalla Path Realty
Under your rent
21
$48,000
~$228/mo
i#14 – 3018 PERRIER Road
Nelson · Residential
2 bd
1 ba
816 sqft
$59/sqft
Built 1972
MLS® 10385988
RE/MAX All Pro Realty
Under your rent
23
$279,900
~$1,327/mo
i6814 MARIAN Lane
Nelson · Land
MLS® 10375396
Bennett Family Real Estate
Under your rent
13
$269,000
~$1,275/mo
i802 Gore Street
Nelson · Land
MLS® 10396439
Fair Realty (Nelson)
Under your rent
16
$250,000
~$1,185/mo
iLot 2 Bedford Road
Nelson · Land
MLS® 10393638
Royal LePage Rosling Realty
Under your rent
29
$209,900
~$995/mo
i#32 – 1554 Granite Road
Nelson · Residential
2 bd
1 ba
924 sqft
$227/sqft
Built 2002
MLS® 10385855
Bennett Family Real Estate
Under your rent
16
$250,000
~$1,185/mo
iLot 1 Bedford Road
Nelson · Land
MLS® 10393550
Royal LePage Rosling Realty
Under your rent
10
$165,000
~$782/mo
i2404 Perrier Road
Nelson · Residential
3 bd
1 ba
504 sqft
$327/sqft
Built 1957
MLS® 10389289
RE/MAX All Pro Realty
Under your rent
9
$118,500
~$562/mo
i6820 Grandview Drive
Nelson · Land
MLS® 10392454
Valhalla Path Realty
See all on the map (21 active listings)
Other rents in Nelson
$1,800/mo · $2,000/mo · $2,200/mo · $2,500/mo · $3,000/mo · $3,500/mo · $4,000/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 6.33 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 $1,500 a month in rent buy in Nelson?
At a 5.19% rate with 20% down over 25 years, $1,500/mo carries the mortgage on a home priced around $316,000. Covering tax, strata and insurance inside the same budget, the matching price is about $201,000.
How much do I need for a down payment?
On a $316,000 home at 20% down, the down payment is $63,000. 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 $549/mo in tax, strata and insurance, so the honest all-in monthly on a $316,000 home is closer to $2,049.
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.
$1,800/mo in Nelson$2,000/mo in Nelson$2,200/mo in Nelson$2,500/mo in Nelson$3,000/mo in Nelson$3,500/mo in Nelson$4,000/mo in NelsonAll rent bands in NelsonNelson market reportMortgage calculator
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.