Under your rent
20
$559,900
~$2,654/mo
i#102 – 653 Papineau Street
Penticton · Residential
3 bd
3 ba
1,379 sqft
$406/sqft
Built 2009
MLS® 10387419
Royal LePage Locations West
Rent vs mortgage
$3,500 a month in rent buys a $738,000 home in Penticton
That is what a 3500-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 $587,000. Here are the 254 Penticton homes on the market at or under it right now.
Purchase price
$738,000
Down payment
$148,000
All-in monthly
$4,217/mo
Matching homes
254
Penticton homes your $3,500 rent could own
Under your rent
60
$699,000
~$3,313/mo
i#104 – 801 Ontario Street
Penticton · Residential
3 bd
3 ba
1,598 sqft
$437/sqft
Built 2015
MLS® 10386410
Chamberlain Property Group
Under your rent
36
$399,000
~$1,891/mo
i#305 – 240 Wade Avenue W Avenue
Penticton · Residential
2 bd
2 ba
919 sqft
$434/sqft
Built 2008
MLS® 10389058
eXp Realty
Under your rent
38
$449,000
~$2,128/mo
i#203 – 95 ECKHARDT Avenue
Penticton · Residential
3 bd
3 ba
1,567 sqft
$287/sqft
Built 1991
MLS® 10398505
Royal LePage Kelowna
Under your rent
42
$518,000
~$2,455/mo
i174 Bassett Street
Penticton · Residential
2 bd
1 ba
1,365 sqft
$379/sqft
Built 1946
MLS® 10397640
Chamberlain Property Group
Under your rent
43
$550,000
~$2,607/mo
i#304 – 3346 SKAHA LAKE Road
Penticton · Residential
2 bd
2 ba
1,217 sqft
$452/sqft
Built 2020
MLS® 10396067
Chamberlain Property Group
Under your rent
25
$585,000
~$2,773/mo
i#203 – 578 Lakeshore Drive
Penticton · Residential
1 bd
2 ba
1,026 sqft
$570/sqft
Built 2025
MLS® 10393493
Chamberlain Property Group
Under your rent
31
$549,000
~$2,602/mo
i#201 – 335 Churchill Avenue
Penticton · Residential
2 bd
2 ba
1,296 sqft
$424/sqft
Built 1981
MLS® 10381553
Chamberlain Property Group
Under your rent
29
$346,000
~$1,640/mo
i149 Saliken Drive
Penticton · Land
MLS® 10398478
Chamberlain Property Group
Under your rent
17
$675,000
~$3,199/mo
i#1002 – 3388 SKAHA LAKE Road
Penticton · Residential
2 bd
2 ba
1,380 sqft
$489/sqft
Built 2018
MLS® 10385984
Parker Real Estate
Under your rent
30
$285,000
~$1,351/mo
i#203 – 3426 Hemlock Street
Penticton · Residential
2 bd
1 ba
980 sqft
$291/sqft
Built 1991
MLS® 10384731
Front Street Realty
Under your rent
43
$599,000
~$2,839/mo
i1530 Penticton Avenue
Penticton · Residential
2 bd
2 ba
1,404 sqft
$427/sqft
Built 1970
MLS® 10397891
Skaha Realty Group Inc.
See all on the map (254 active listings)
Other rents in Penticton
$1,500/mo · $1,800/mo · $2,000/mo · $2,200/mo · $2,500/mo · $3,000/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 5.44 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 $3,500 a month in rent buy in Penticton?
At a 5.19% rate with 20% down over 25 years, $3,500/mo carries the mortgage on a home priced around $738,000. Covering tax, strata and insurance inside the same budget, the matching price is about $587,000.
How much do I need for a down payment?
On a $738,000 home at 20% down, the down payment is $148,000. 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 $717/mo in tax, strata and insurance, so the honest all-in monthly on a $738,000 home is closer to $4,217.
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.