Under your rent
28
$209,000
$216/sqft
2 bd · 2 ba · 968 sqft
#79, 5484 25 Avenue
Vernon · Single Family
~$991/mo
Listed by O'Keefe 3 Percent Realty Inc.MLS® 10402831
Rent vs own
$1,800 a month in rent buys a $380,000 home in Vernon
At a 5.19% posted rate, 20% down and 25 years. 232 Vernon homes are listed at or under it.
- Purchase price
- $380,000
- Down payment
- $76,000
- All-in monthly
- $2,372/mo
- Homes listed
- 232
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$380,000
20% down assumed ($76,000). 232 homes listed at or under it in Vernon.
Of the first payment, about $499 goes to the loan itself. Tax, strata and insurance would bring the all-in price closer to $276,000.
- Purchase price
- $380,000
- Down payment
- $76,000
- All-in monthly
- $2,372/mo
- Homes listed
- 232
Source: Current MLS® listings.
Vernon homes your $1,800 rent could own
232 active listingsOpen these Vernon homes on the map
Draw an area and save homes you like.
Under your rent
40
$359,000
$769/sqft
0 bd · 1 ba · 467 sqft
#368, 155 Silver Lode Lane
Vernon · Single Family
~$1,702/mo
Listed by RE/MAX PriscillaMLS® 10401260
Under your rent
18
$298,000
$257/sqft
2 bd · 2 ba · 1,160 sqft
#112, 3805 30 Avenue
Vernon · Single Family
~$1,412/mo
Listed by RE/MAX VernonMLS® 10396309
Under your rent
10
$289,000
138 Crown Crescent
Vernon · Vacant Land
~$1,370/mo
Listed by Coldwell Banker Executives RealtyMLS® 10390551
Under your rent
57
$229,000
$574/sqft
0 bd · 1 ba · 399 sqft
#126, 105 Village Centre Court
Vernon · Single Family
~$1,085/mo
Listed by Rockridge Real Estate CompanyMLS® 10386238
Under your rent
43
$315,000
$479/sqft
1 bd · 1 ba · 657 sqft
#214, 107 Village Centre Court
Vernon · Recreational
~$1,493/mo
Listed by Rockridge Real Estate CompanyMLS® 10385848
Under your rent
46
$269,900
$291/sqft
2 bd · 2 ba · 926 sqft
#304, 3609 30 Avenue
Vernon · Single Family
~$1,279/mo
Listed by Real Broker B.C. LtdMLS® 10374728
Under your rent
82
$155,000
$112/sqft
3 bd · 3 ba · 1,389 sqft
#14B, 272 Chicopee Road
Vernon · Recreational
~$735/mo
Listed by Rockridge Real Estate CompanyMLS® 10374500
Under your rent
28
$335,000
$372/sqft
2 bd · 1 ba · 900 sqft
#201, 3710 24 Avenue
Vernon · Single Family
~$1,588/mo
Listed by RE/MAX VernonMLS® 10402526
Under your rent
24
$335,000
$470/sqft
2 bd · 1 ba · 713 sqft
#101, 3710 24 Avenue
Vernon · Single Family
~$1,588/mo
Listed by RE/MAX VernonMLS® 10402384
Under your rent
27
$335,000
$470/sqft
2 bd · 1 ba · 713 sqft
#102, 3710 24 Avenue
Vernon · Single Family
~$1,588/mo
Listed by RE/MAX VernonMLS® 10402442
Under your rent
13
$335,000
$470/sqft
2 bd · 1 ba · 713 sqft
#103, 3710 24 Avenue
Vernon · Single Family
~$1,588/mo
Listed by RE/MAX VernonMLS® 10402447
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 | $1,800/mo |
|---|---|
| Interest rate | 5.19% |
| Amortization | 25 years |
| Down payment (20%) | $76,000 |
| Mortgage supported | $304,000 |
| Purchase price | $380,000 |
| Tax, strata and insurance | $572/mo |
| All-in monthly | $2,372/mo |
Assumptions
- Rate
- 5.19%, the posted five-year fixed rate. Illustrative, not a quote.
- Amortization
- 25 years
- Down payment
- 20% ($76,000 on $380,000)
- Property tax
- 6.00 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
$76,000, or 20% of $380,000.
The mortgage payment is. Tax, strata and insurance add about $572/mo, for $2,372 in total.
Other rents in Vernon
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.