Under your rent
57
$172,000
$186/sqft
2 bd · 2 ba · 924 sqft
#23, 2930 Brown Road
Salmon Arm · Single Family
~$815/mo
Listed by Century 21 Assurance Realty LtdMLS® 10389804
Rent vs own
$2,500 a month in rent buys a $527,000 home in Salmon Arm
At a 5.19% posted rate, 20% down and 25 years. 99 Salmon Arm homes are listed at or under it.
- Purchase price
- $527,000
- Down payment
- $105,000
- All-in monthly
- $3,119/mo
- Homes listed
- 99
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$527,000
20% down assumed ($105,000). 99 homes listed at or under it in Salmon Arm.
Of the first payment, about $694 goes to the loan itself. Tax, strata and insurance would bring the all-in price closer to $414,000.
- Purchase price
- $527,000
- Down payment
- $105,000
- All-in monthly
- $3,119/mo
- Homes listed
- 99
Source: Current MLS® listings.
Salmon Arm homes your $2,500 rent could own
99 active listingsOpen these Salmon Arm homes on the map
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Under your rent
58
$249,900
$189/sqft
3 bd · 2 ba · 1,320 sqft
#22, 2930 Brown Road
Salmon Arm · Single Family
~$1,184/mo
Listed by Century 21 Assurance Realty LtdMLS® 10403154
Under your rent
28
$324,900
$273/sqft
2 bd · 2 ba · 1,188 sqft
#24, 4811 10A Avenue
Salmon Arm · Single Family
~$1,540/mo
Listed by Royal LePage Access Real EstateMLS® 10400239
Under your rent
50
$435,000
$328/sqft
2 bd · 2 ba · 1,327 sqft
#106, 330 4th Avenue
Salmon Arm · Single Family
~$2,062/mo
Listed by REMAX ShuswapMLS® 10399579
Under your rent
55
$339,900
$251/sqft
3 bd · 2 ba · 1,352 sqft
#28, 4811 10A Avenue
Salmon Arm · Single Family
~$1,611/mo
Listed by REMAX ShuswapMLS® 10397170
Under your rent
63
$459,000
$334/sqft
3 bd · 2 ba · 1,374 sqft
#15, 51 8 Avenue
Salmon Arm · Single Family
~$2,176/mo
Listed by Royal LePage Access Real EstateMLS® 10393022
Under your rent
30
$429,900
$354/sqft
2 bd · 2 ba · 1,214 sqft
#20, 151 8 Avenue
Salmon Arm · Single Family
~$2,038/mo
Listed by Homelife Salmon Arm Realty.ComMLS® 10403232
Under your rent
38
$329,000
$305/sqft
1 bd · 1 ba · 1,077 sqft
#7, 680 Marine Park Drive
Salmon Arm · Single Family
~$1,559/mo
Listed by REMAX ShuswapMLS® 10391127
Under your rent
37
$289,900
$314/sqft
2 bd · 2 ba · 924 sqft
#13, 5161 63 Avenue
Salmon Arm · Single Family
~$1,374/mo
Listed by REMAX ShuswapMLS® 10394874
Under your rent
61
$289,000
$313/sqft
2 bd · 2 ba · 924 sqft
#23, 5161 63 Avenue
Salmon Arm · Single Family
~$1,370/mo
Listed by Coldwell Banker Executives RealtyMLS® 10391780
Under your rent
9
$499,900
3641 40th Street
Salmon Arm · Vacant Land
~$2,369/mo
Listed by RE/MAX Nyda Realty Inc.MLS® 10402974
Under your rent
34
$449,000
$334/sqft
4 bd · 2 ba · 1,344 sqft
5131 69 Avenue
Salmon Arm · Single Family
~$2,128/mo
Listed by REMAX ShuswapMLS® 10402762
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 | $2,500/mo |
|---|---|
| Interest rate | 5.19% |
| Amortization | 25 years |
| Down payment (20%) | $105,000 |
| Mortgage supported | $422,000 |
| Purchase price | $527,000 |
| Tax, strata and insurance | $619/mo |
| All-in monthly | $3,119/mo |
Assumptions
- Rate
- 5.19%, the posted five-year fixed rate. Illustrative, not a quote.
- Amortization
- 25 years
- Down payment
- 20% ($105,000 on $527,000)
- Property tax
- 5.40 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
$105,000, or 20% of $527,000.
The mortgage payment is. Tax, strata and insurance add about $619/mo, for $3,119 in total.
Other rents in Salmon Arm
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.