Under your rent
21
$338,000
~$1,602/mo
i#308 – 55 Blackberry Drive
New Westminster · Residential
1 bd
1 ba
632 sqft
$535/sqft
Built 1994
MLS® R3150729
RE/MAX All Points Realty
Rent vs mortgage
$1,800 a month in rent buys a $380,000 home in New Westminster
That is what a 1800-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 $270,000. Here are the 28 New Westminster homes on the market at or under it right now.
Purchase price
$380,000
Down payment
$76,000
All-in monthly
$2,320/mo
Matching homes
28
New Westminster homes your $1,800 rent could own
20
$380,000
~$1,801/mo
i#404 – 320 Royal Avenue
New Westminster · Residential
1 bd
1 ba
664 sqft
$572/sqft
Built 1975
MLS® R3146693
RE/MAX All Points Realty
Under your rent
29
$369,900
~$1,753/mo
i#310 – 316 Cedar Street
New Westminster · Residential
2 bd
1 ba
856 sqft
$432/sqft
Built 1976
MLS® R3119489
RE/MAX All Points Realty
Under your rent
22
$298,000
~$1,412/mo
i#301 – 215 MOWAT Street
New Westminster · Residential
1 bd
1 ba
602 sqft
$495/sqft
Built 1977
MLS® R3138501
Royal Pacific Realty Corp.
Under your rent
35
$289,900
~$1,374/mo
i#804 – 1026 Queens Avenue
New Westminster · Residential
1 bd
1 ba
637 sqft
$455/sqft
Built 1984
MLS® R3138452
Pathway Executives Realty Inc.
Under your rent
37
$295,000
~$1,398/mo
i#704 – 1026 Queens Avenue
New Westminster · Residential
1 bd
1 ba
643 sqft
$459/sqft
Built 1985
MLS® R3118916
RE/MAX All Points Realty
Under your rent
22
$351,000
~$1,664/mo
i#213 – 436 SEVENTH Street
New Westminster · Residential
1 bd
1 ba
617 sqft
$569/sqft
Built 1977
MLS® R3157551
Macdonald Realty Westmar
Under your rent
19
$349,000
~$1,654/mo
i#210 – 466 Eighth Avenue
New Westminster · Residential
1 bd
1 ba
630 sqft
$554/sqft
Built 1975
MLS® R3153197
RE/MAX All Points Realty
Under your rent
25
$375,000
~$1,777/mo
i#607 – 55 Tenth Street
New Westminster · Residential
1 bd
1 ba
610 sqft
$615/sqft
Built 1993
MLS® R3147365
Team 3000 Realty Ltd.
Under your rent
29
$330,000
~$1,564/mo
i#508 – 320 Royal Avenue
New Westminster · Residential
1 bd
1 ba
507 sqft
$651/sqft
Built 1975
MLS® R3127425
Stonehaus Realty Corp.
Under your rent
29
$259,900
~$1,232/mo
i#208 – 505 Ninth Street
New Westminster · Residential
1 bd
1 ba
692 sqft
$376/sqft
Built 1968
MLS® R3141198
Royal LePage West Real Estate Services
Under your rent
26
$326,900
~$1,549/mo
i#208 – 611 Blackford Street
New Westminster · Residential
1 bd
1 ba
621 sqft
$526/sqft
Built 1964
MLS® R3148028
RE/MAX All Points Realty
See all on the map (28 active listings)
Other rents in New Westminster
$1,500/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 4.36 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 $1,800 a month in rent buy in New Westminster?
At a 5.19% rate with 20% down over 25 years, $1,800/mo carries the mortgage on a home priced around $380,000. Covering tax, strata and insurance inside the same budget, the matching price is about $270,000.
How much do I need for a down payment?
On a $380,000 home at 20% down, the down payment is $76,000. 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 $520/mo in tax, strata and insurance, so the honest all-in monthly on a $380,000 home is closer to $2,320.
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.