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
$2,500 a month in rent buys a $527,000 home in Surrey
At a 5.19% posted rate, 20% down and 25 years. 714 Surrey homes are listed at or under it.
- Purchase price
- $527,000
- Down payment
- $105,000
- All-in monthly
- $3,033/mo
- Homes listed
- 714
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$527,000
20% down assumed ($105,000). 714 homes listed at or under it in Surrey.
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
- $3,033/mo
- Homes listed
- 714
Source: Current MLS® listings.
Surrey homes your $2,500 rent could own
714 active listingsOpen these Surrey homes on the map
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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
22
$520,000
$670/sqft
2 bd · 2 ba · 776 sqft
B107 – 9689 140th Street
Surrey · Apartment/Condo
~$2,465/mo
Listed by Nu Stream Realty Inc.MLS® R3168061
Under your rent
33
$447,000
$458/sqft
2 bd · 2 ba · 976 sqft
#107, 13965 16 Avenue
Surrey · Apartment/Condo
~$2,119/mo
Listed by Sutton Group-West Coast Realty (Surrey/24)MLS® R3173713
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
9
$482,800
$680/sqft
2 bd · 1 ba · 710 sqft
#301, 5398 207 Street
Surrey · Apartment/Condo
~$2,288/mo
Listed by RE/MAX Crest RealtyMLS® R3121369
Under your rent
28
$474,900
$436/sqft
2 bd · 2 ba · 1,089 sqft
#106, 15272 20 Avenue
Surrey · Apartment/Condo
~$2,251/mo
Listed by 2 Percent Realty West CoastMLS® R3168830
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
40
$459,000
$760/sqft
1 bd · 1 ba · 604 sqft
#505, 9887 Whalley Boulevard
Surrey · Apartment/Condo
~$2,176/mo
Listed by eXp RealtyMLS® R3172690
Under your rent
31
$524,000
$665/sqft
2 bd · 2 ba · 788 sqft
#304, 13963 105 Boulevard
Surrey · Apartment/Condo
~$2,484/mo
Listed by RE/MAX City RealtyMLS® R3171609
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 | $533/mo |
| All-in monthly | $3,033/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
- 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
$105,000, or 20% of $527,000.
The mortgage payment is. Tax, strata and insurance add about $533/mo, for $3,033 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.