Under your rent
21
$288,000
$618/sqft
1 bd · 1 ba · 466 sqft
#425, 13789 107a Avenue
Surrey · Apartment/Condo
~$1,365/mo
Listed by Real BrokerMLS® R3152138
Rent vs own
$1,500 a month in rent buys a $316,000 home in Surrey
At a 5.19% posted rate, 20% down and 25 years. 90 Surrey homes are listed at or under it.
- Purchase price
- $316,000
- Down payment
- $63,000
- All-in monthly
- $1,972/mo
- Homes listed
- 90
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$316,000
20% down assumed ($63,000). 90 homes listed at or under it in Surrey.
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
- $1,972/mo
- Homes listed
- 90
Source: Current MLS® listings.
Surrey homes your $1,500 rent could own
90 active listingsOpen these Surrey homes on the map
Draw an area and save homes you like.
Under your rent
28
$238,000
$373/sqft
1 bd · 1 ba · 638 sqft
#306, 9952 149 Street
Surrey · Apartment/Condo
~$1,128/mo
Listed by RE/MAX LIFESTYLES REALTYMLS® R3142214
Under your rent
40
$250,000
$218/sqft
3 bd · 2 ba · 1,149 sqft
#58, 8220 King George Boulevard
Surrey · Manufactured Home
~$1,185/mo
Listed by Renanza Realty Inc.MLS® R3044455
Under your rent
14
$260,000
$642/sqft
0 bd · 1 ba · 405 sqft
#2511, 13325 102a Avenue
Surrey · Apartment/Condo
~$1,232/mo
Listed by LeHomes Realty PremierMLS® R3153010
Under your rent
31
$299,000
$651/sqft
1 bd · 1 ba · 459 sqft
#1805, 13308 Central Avenue
Surrey · Apartment/Condo
~$1,417/mo
Listed by Royal LePage Elite WestMLS® R3156532
Under your rent
19
$299,999
$500/sqft
1 bd · 1 ba · 600 sqft
#201, 13883 Laurel Drive
Surrey · Apartment/Condo
~$1,422/mo
Listed by Woodhouse RealtyMLS® R3169069
Under your rent
24
$259,000
$778/sqft
0 bd · 1 ba · 333 sqft
#211, 10777 138 Street
Surrey · Apartment/Condo
~$1,228/mo
Listed by eXp RealtyMLS® R3120238
Under your rent
18
$265,000
$379/sqft
1 bd · 1 ba · 700 sqft
#55, 17708 60 Avenue
Surrey · Apartment/Condo
~$1,256/mo
Listed by Homelife Benchmark Realty Corp.MLS® R3167257
Under your rent
31
$288,000
$914/sqft
0 bd · 1 ba · 315 sqft
#2109, 13350 Central Avenue
Surrey · Apartment/Condo
~$1,365/mo
Listed by Sutton Group - Vancouver First RealtyMLS® R3171220
Under your rent
19
$314,900
$326/sqft
2 bd · 1 ba · 965 sqft
#210, 7426 138 Street
Surrey · Apartment/Condo
~$1,493/mo
Listed by Coldwell Banker Executives RealtyMLS® R3173206
Under your rent
2
$274,900
$841/sqft
0 bd · 1 ba · 327 sqft
#3003, 13675 107a Avenue
Surrey · Apartment/Condo
~$1,303/mo
Listed by Sutton Premier RealtyMLS® R3171664
Under your rent
21
$299,000
$406/sqft
1 bd · 1 ba · 736 sqft
#312, 9952 149 Street
Surrey · Apartment/Condo
~$1,417/mo
Listed by TRG The Residential Group RealtyMLS® R3142670
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 | $472/mo |
| All-in monthly | $1,972/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
- 3.43 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 $472/mo, for $1,972 in total.
Other rents in Surrey
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.