Under your rent
5
$49,900
~$237/mo
i#16 – 4955 Camp Creek Road
Revelstoke · Residential
MLS® 10388049
REMAX Shuswap
Rent vs mortgage
$1,500 a month in rent buys a $316,000 home in Revelstoke
That is what a 1500-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 $211,000. Here are the 9 Revelstoke homes on the market at or under it right now.
Purchase price
$316,000
Down payment
$63,000
All-in monthly
$1,998/mo
Matching homes
9
Revelstoke homes your $1,500 rent could own
Under your rent
15
$69,900
~$331/mo
i4955 Camp Creek Road
Revelstoke · Residential
MLS® 10376607
REMAX Shuswap
Under your rent
22
$199,999
~$948/mo
i#5 – 1079 Lundell Road
Revelstoke · Residential
2 bd
1 ba
864 sqft
$231/sqft
Built 1961
MLS® 10352491
Coldwell Banker Executives Realty
Under your rent
10
$159,000
~$754/mo
i#4 – 1079 Lundell Road
Revelstoke · Residential
2 bd
1 ba
624 sqft
$255/sqft
Built 1971
MLS® 10371600
Royal LePage Revelstoke
Under your rent
14
$299,999
~$1,422/mo
i#10 – 318 Humbert Street
Revelstoke · Residential
2 bd
2 ba
858 sqft
$350/sqft
Built 2014
MLS® 10392828
Coldwell Banker Executives Realty
Under your rent
6
$169,000
~$801/mo
iLot 2 Whiskey Pointe Other
Revelstoke · Residential
MLS® 10351780
Real Broker B.C. Ltd
Under your rent
6
$229,500
~$1,088/mo
i#28 – 318 Humbert Street
Revelstoke · Residential
2 bd
1 ba
720 sqft
$319/sqft
Built 1973
MLS® 10350252
PG Direct Realty
Under your rent
10
$209,000
~$991/mo
iLot 1 Whiskey Pointe Other
Revelstoke · Residential
MLS® 10351778
Real Broker B.C. Ltd
Under your rent
4
$117,900
~$559/mo
i4955 Camp Creek Road
Revelstoke · Residential
MLS® 10371267
Royal LePage Downtown Realty
See all on the map (9 active listings)
Other rents in Revelstoke
$1,800/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 4.41 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 $1,500 a month in rent buy in Revelstoke?
At a 5.19% rate with 20% down over 25 years, $1,500/mo carries the mortgage on a home priced around $316,000. Covering tax, strata and insurance inside the same budget, the matching price is about $211,000.
How much do I need for a down payment?
On a $316,000 home at 20% down, the down payment is $63,000. 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 $498/mo in tax, strata and insurance, so the honest all-in monthly on a $316,000 home is closer to $1,998.
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.
$1,800/mo in Revelstoke$2,000/mo in Revelstoke$2,200/mo in Revelstoke$2,500/mo in Revelstoke$3,000/mo in Revelstoke$3,500/mo in Revelstoke$4,000/mo in RevelstokeAll rent bands in RevelstokeRevelstoke market reportMortgage calculator
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.