Under your rent
21
$299,000
$264/sqft
2 bd · 2 ba · 1,133 sqft
#204, 133 Winnipeg Street
Penticton · Single Family
~$1,417/mo
Listed by RE/MAX Penticton RealtyMLS® 10401553
Rent vs own
$1,500 a month in rent buys a $316,000 home in Penticton
At a 5.19% posted rate, 20% down and 25 years. 50 Penticton homes are listed at or under it.
- Purchase price
- $316,000
- Down payment
- $63,000
- All-in monthly
- $2,035/mo
- Homes listed
- 50
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$316,000
20% down assumed ($63,000). 50 homes listed at or under it in Penticton.
Of the first payment, about $417 goes to the loan itself. Tax, strata and insurance would bring the all-in price closer to $216,000.
- Purchase price
- $316,000
- Down payment
- $63,000
- All-in monthly
- $2,035/mo
- Homes listed
- 50
Source: Current MLS® listings.
Penticton homes your $1,500 rent could own
50 active listingsOpen these Penticton homes on the map
Draw an area and save homes you like.
Under your rent
36
$285,000
$306/sqft
2 bd · 2 ba · 930 sqft
#805, 225 CLEARVIEW Road
Penticton · Single Family
~$1,351/mo
Listed by Engel & Volkers South OkanaganMLS® 10402819
Under your rent
30
$279,900
$310/sqft
2 bd · 1 ba · 904 sqft
#204, 865 Main Street
Penticton · Single Family
~$1,327/mo
Listed by eXp RealtyMLS® 10399825
Under your rent
29
$300,000
$372/sqft
1 bd · 1 ba · 806 sqft
#108, 329 Rigsby Street
Penticton · Single Family
~$1,422/mo
Listed by Royal LePage Locations WestMLS® 10386513
Under your rent
26
$262,999
$311/sqft
2 bd · 1 ba · 846 sqft
#413, 150 Skaha Place
Penticton · Single Family
~$1,247/mo
Listed by Real Broker B.C. LtdMLS® 10402999
Under your rent
19
$254,900
$479/sqft
1 bd · 1 ba · 532 sqft
#105, 1191 Apex Mountain Road
Penticton · Single Family
~$1,208/mo
Listed by RE/MAX Realty SolutionsMLS® 10382202
Under your rent
14
$289,000
$452/sqft
1 bd · 1 ba · 639 sqft
#206, 256 Hastings Avenue
Penticton · Single Family
~$1,370/mo
Listed by Century 21 Premier Properties Ltd.MLS® 10390723
Under your rent
21
$299,000
$227/sqft
2 bd · 2 ba · 1,315 sqft
#402, 272 Green Avenue
Penticton · Single Family
~$1,417/mo
Listed by Chamberlain Property GroupMLS® 10402805
Under your rent
16
$244,000
$300/sqft
2 bd · 1 ba · 814 sqft
#105, 601 Wade Avenue
Penticton · Single Family
~$1,156/mo
Listed by Royal LePage Locations WestMLS® 10392065
Under your rent
39
$79,000
$94/sqft
2 bd · 1 ba · 844 sqft
#207, 197 Dauphin Avenue
Penticton · Single Family
~$374/mo
Listed by RE/MAX Penticton RealtyMLS® 10401050
Under your rent
32
$279,000
$301/sqft
1 bd · 1 ba · 928 sqft
#916, 3140 Wilson Street
Penticton · Single Family
~$1,322/mo
Listed by Oakwyn Realty Ltd.MLS® 10401902
Under your rent
36
$182,500
$138/sqft
3 bd · 1 ba · 1,321 sqft
#78, 3999 Skaha Lake Road
Penticton · Single Family
~$865/mo
Listed by Century 21 Amos RealtyMLS® 10398769
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 | $1,500/mo |
|---|---|
| Interest rate | 5.19% |
| Amortization | 25 years |
| Down payment (20%) | $63,000 |
| Mortgage supported | $253,000 |
| Purchase price | $316,000 |
| Tax, strata and insurance | $535/mo |
| All-in monthly | $2,035/mo |
Assumptions
- Rate
- 5.19%, the posted five-year fixed rate. Illustrative, not a quote.
- Amortization
- 25 years
- Down payment
- 20% ($63,000 on $316,000)
- Property tax
- 5.80 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
$63,000, or 20% of $316,000.
The mortgage payment is. Tax, strata and insurance add about $535/mo, for $2,035 in total.
Other rents in Penticton
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.