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
$2,500 a month in rent buys a $527,000 home in New Westminster
That is what a 2500-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 $406,000. Here are the 152 New Westminster homes on the market at or under it right now.
Purchase price
$527,000
Down payment
$105,000
All-in monthly
$3,074/mo
Matching homes
152
New Westminster homes your $2,500 rent could own
Newly Listed
Under your rent
30
$429,000
~$2,033/mo
i#1506 – 615 Belmont Street
New Westminster · Residential
1 bd
1 ba
890 sqft
$482/sqft
Built 1983
MLS® R3157390
RE/MAX Select Properties
Under your rent
38
$499,000
~$2,365/mo
i#702 – 1026 Queens Avenue
New Westminster · Residential
2 bd
2 ba
1,024 sqft
$487/sqft
Built 1985
MLS® R3154219
RE/MAX Select Realty
Under your rent
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
34
$495,000
~$2,346/mo
i#1906 – 988 QUAYSIDE Drive
New Westminster · Residential
1 bd
1 ba
554 sqft
$894/sqft
Built 2019
MLS® R3154112
Sutton Group - Vancouver First Realty
Under your rent
35
$487,000
~$2,308/mo
i#302 – 709 12TH Street
New Westminster · Residential
1 bd
1 ba
652 sqft
$747/sqft
Built 2012
MLS® R3150518
Macdonald 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
27
$393,900
~$1,867/mo
i#310 – 428 AGNES Street
New Westminster · Residential
1 bd
1 ba
658 sqft
$599/sqft
Built 1978
MLS® R3157121
Team 3000 Realty Ltd.
Under your rent
40
$398,000
~$1,886/mo
i#206 – 710 SEVENTH Avenue
New Westminster · Residential
1 bd
1 ba
720 sqft
$553/sqft
Built 1976
MLS® R3149098
Royal LePage Westside
Under your rent
34
$525,000
~$2,488/mo
i#504 – 534 SIXTH Street
New Westminster · Residential
2 bd
2 ba
1,213 sqft
$433/sqft
Built 1983
MLS® R3138071
Nu Stream Realty Inc.
Newly Listed
Under your rent
28
$515,000
~$2,441/mo
i#406 – 14 Begbie Street
New Westminster · Residential
1 bd
1 ba
862 sqft
$597/sqft
Built 2009
MLS® R3156415
Sutton Group - 1st West Realty
Under your rent
34
$469,900
~$2,227/mo
i#1301 – 258 NELSON'S Court
New Westminster · Residential
1 bd
1 ba
520 sqft
$904/sqft
Built 2020
MLS® R3143853
Rennie & Associates Realty Ltd.
See all on the map (152 active listings)
Other rents in New Westminster
$1,500/mo · $1,800/mo · $2,000/mo · $2,200/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 $2,500 a month in rent buy in New Westminster?
At a 5.19% rate with 20% down over 25 years, $2,500/mo carries the mortgage on a home priced around $527,000. Covering tax, strata and insurance inside the same budget, the matching price is about $406,000.
How much do I need for a down payment?
On a $527,000 home at 20% down, the down payment is $105,000. 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 $574/mo in tax, strata and insurance, so the honest all-in monthly on a $527,000 home is closer to $3,074.
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.