Under your rent
40
$389,900
$565/sqft
1 bd · 1 ba · 690 sqft
#315, 7505 138 Street
Surrey · Apartment/Condo
~$1,848/mo
Listed by Keller Williams Bold RealtyMLS® R3168073
Rent vs own
$2,000 a month in rent buys a $422,000 home in Surrey
At a 5.19% posted rate, 20% down and 25 years. 334 Surrey homes are listed at or under it.
- Purchase price
- $422,000
- Down payment
- $84,000
- All-in monthly
- $2,503/mo
- Homes listed
- 334
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$422,000
20% down assumed ($84,000). 334 homes listed at or under it in Surrey.
Of the first payment, about $554 goes to the loan itself. Tax, strata and insurance would bring the all-in price closer to $315,000.
- Purchase price
- $422,000
- Down payment
- $84,000
- All-in monthly
- $2,503/mo
- Homes listed
- 334
Source: Current MLS® listings.
Surrey homes your $2,000 rent could own
334 active listingsOpen these Surrey homes on the map
Draw an area and save homes you like.
Under your rent
9
$399,000
$386/sqft
2 bd · 2 ba · 1,034 sqft
#313, 10756 138 Street
Surrey · Apartment/Condo
~$1,891/mo
Listed by Macdonald Realty (Delta)MLS® R3171553
Under your rent
28
$368,000
$640/sqft
1 bd · 1 ba · 575 sqft
#2410, 13618 100 Avenue
Surrey · Apartment/Condo
~$1,744/mo
Listed by Multiple Realty Ltd.MLS® R3172626
Under your rent
40
$383,000
$361/sqft
3 bd · 2 ba · 1,060 sqft
#15, 1840 160 Street
Surrey · Manufactured Home
~$1,815/mo
Listed by Macdonald Realty (Surrey/152)MLS® R3168782
Under your rent
5
$325,000
$356/sqft
2 bd · 1 ba · 912 sqft
#317, 15268 100 Avenue
Surrey · Apartment/Condo
~$1,540/mo
Listed by Team 3000 Realty Ltd.MLS® R3174043
Under your rent
10
$385,000
$819/sqft
1 bd · 1 ba · 470 sqft
#203, 13350 Central Avenue
Surrey · Apartment/Condo
~$1,825/mo
Listed by Team 3000 Realty Ltd.MLS® R3172209
Under your rent
33
$369,000
$846/sqft
1 bd · 1 ba · 436 sqft
#1006, 13655 Fraser Highway
Surrey · Apartment/Condo
~$1,749/mo
Listed by Royal Regal Realty Ltd.MLS® R3171524
Under your rent
36
$322,900
$559/sqft
1 bd · 1 ba · 578 sqft
#3301, 13398 104 Avenue
Surrey · Apartment/Condo
~$1,530/mo
Listed by Oakwyn Realty Ltd.MLS® R3128570
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
Under your rent
32
$358,000
$726/sqft
1 bd · 1 ba · 493 sqft
#701, 13615 Fraser Highway
Surrey · Apartment/Condo
~$1,697/mo
Listed by Royal LePage Elite WestMLS® R3173358
Under your rent
33
$349,900
$573/sqft
1 bd · 1 ba · 611 sqft
#409, 9655 King George Boulevard
Surrey · Apartment/Condo
~$1,658/mo
Listed by Oakwyn Realty Ltd.MLS® R3174262
Under your rent
27
$373,000
$449/sqft
1 bd · 1 ba · 831 sqft
#304, 12130 80 Avenue
Surrey · Apartment/Condo
~$1,768/mo
Listed by RE/MAX Performance RealtyMLS® R3147713
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 | $2,000/mo |
|---|---|
| Interest rate | 5.19% |
| Amortization | 25 years |
| Down payment (20%) | $84,000 |
| Mortgage supported | $338,000 |
| Purchase price | $422,000 |
| Tax, strata and insurance | $503/mo |
| All-in monthly | $2,503/mo |
Assumptions
- Rate
- 5.19%, the posted five-year fixed rate. Illustrative, not a quote.
- Amortization
- 25 years
- Down payment
- 20% ($84,000 on $422,000)
- 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
$84,000, or 20% of $422,000.
The mortgage payment is. Tax, strata and insurance add about $503/mo, for $2,503 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.