New
Under your rent
Open House on Sat, 12pm–2pm
7
$759,000
~$3,597/mo
i#1206 – 1045 Quayside Drive
New Westminster · Residential
3 bd
2 ba
1,334 sqft
$569/sqft
Built 1988
MLS® R3158344
RE/MAX Real Estate Services
Rent vs mortgage
$4,000 a month in rent buys a $844,000 home in New Westminster
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 $699,000. Here are the 374 New Westminster homes on the market at or under it right now.
Purchase price
$844,000
Down payment
$169,000
All-in monthly
$4,689/mo
Matching homes
374
New Westminster homes your $4,000 rent could own
Under your rent
27
$649,000
~$3,076/mo
i#1911 – 908 QUAYSIDE Drive
New Westminster · Residential
2 bd
1 ba
757 sqft
$857/sqft
Built 2019
MLS® R3157036
1NE Collective Realty Inc.
Under your rent
25
$530,000
~$2,512/mo
i#503 – 10 Renaissance Square
New Westminster · Residential
1 bd
2 ba
755 sqft
$702/sqft
Built 2006
MLS® R3137433
RE/MAX Crest Realty
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
Under your rent
32
$719,000
~$3,408/mo
i#316 – 14 Royal Avenue
New Westminster · Residential
2 bd
2 ba
1,106 sqft
$650/sqft
Built 2005
MLS® R3131135
RE/MAX All Points Realty
Under your rent
32
$555,000
~$2,631/mo
i#101 – 850 Royal Avenue
New Westminster · Residential
2 bd
2 ba
916 sqft
$606/sqft
Built 2003
MLS® R3152253
RE/MAX Heights Realty
Under your rent
35
$730,000
~$3,460/mo
i#219 – 300 SALTER Street
New Westminster · Residential
2 bd
2 ba
984 sqft
$742/sqft
Built 2020
MLS® R3158226
Rennie & Associates Realty Ltd.
Under your rent
37
$828,000
~$3,925/mo
i#19 – 1010 Ewen Avenue
New Westminster · Residential
3 bd
3 ba
1,809 sqft
$458/sqft
Built 2004
MLS® R3143567
RE/MAX City Realty
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
40
$695,999
~$3,299/mo
i#310 – 250 Salter Street
New Westminster · Residential
2 bd
2 ba
1,244 sqft
$559/sqft
Built 2007
MLS® R3144306
Royal LePage - Wolstencroft
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
Newly Listed
Under your rent
39
$569,900
~$2,701/mo
i#1808 – 608 Belmont Street
New Westminster · Residential
1 bd
1 ba
741 sqft
$769/sqft
Built 2013
MLS® R3155159
RE/MAX All Points Realty
See all on the map (374 active listings)
Other rents in New Westminster
$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 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 $4,000 a month in rent buy in New Westminster?
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 $699,000.
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 $689/mo in tax, strata and insurance, so the honest all-in monthly on a $844,000 home is closer to $4,689.
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.