Under your rent
31
$739,900
$419/sqft
3 bd · 3 ba · 1,767 sqft
#67, 7735 Okanagan Hills Boulevard
Vernon · Single Family
~$3,507/mo
Listed by Oakwyn Realty OkanaganMLS® 10402042
Rent vs own
$4,000 a month in rent buys a $844,000 home in Vernon
At a 5.19% posted rate, 20% down and 25 years. 568 Vernon homes are listed at or under it.
- Purchase price
- $844,000
- Down payment
- $169,000
- All-in monthly
- $4,804/mo
- Homes listed
- 568
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$844,000
20% down assumed ($169,000). 568 homes listed at or under it in Vernon.
Of the first payment, about $1,112 goes to the loan itself. Tax, strata and insurance would bring the all-in price closer to $711,000.
- Purchase price
- $844,000
- Down payment
- $169,000
- All-in monthly
- $4,804/mo
- Homes listed
- 568
Source: Current MLS® listings.
Vernon homes your $4,000 rent could own
568 active listingsOpen these Vernon homes on the map
Draw an area and save homes you like.
Under your rent
38
$574,999
$396/sqft
3 bd · 2 ba · 1,452 sqft
#170, 9510 Highway 97N Other
Vernon · Single Family
~$2,725/mo
Listed by 3 Percent Realty Inc.MLS® 10398897
Under your rent
44
$669,000
$306/sqft
3 bd · 2 ba · 2,189 sqft
5113 27 Avenue
Vernon · Single Family
~$3,171/mo
Listed by Royal LePage Downtown RealtyMLS® 10403272
Under your rent
99
$729,500
$349/sqft
3 bd · 2 ba · 2,088 sqft
#27, 83 Peregrine Way
Vernon · Single Family
~$3,458/mo
Listed by RE/MAX VernonMLS® 10402560
Under your rent
44
$479,500
$300/sqft
3 bd · 2 ba · 1,597 sqft
#3, 3804 32 Avenue
Vernon · Single Family
~$2,273/mo
Listed by RE/MAX VernonMLS® 10400957
Under your rent
42
$524,900
$374/sqft
3 bd · 3 ba · 1,402 sqft
#7, 4209 25 Street
Vernon · Single Family
~$2,488/mo
Listed by RE/MAX VernonMLS® 10403268
Under your rent
40
$755,000
$414/sqft
4 bd · 4 ba · 1,823 sqft
#1, 1506 39A Avenue
Vernon · Single Family
~$3,579/mo
Listed by Easy List RealtyMLS® 10402282
Under your rent
46
$649,900
$285/sqft
4 bd · 2 ba · 2,280 sqft
5789 Rimer Road
Vernon · Single Family
~$3,080/mo
Listed by RE/MAX Vernon Salt FowlerMLS® 10402846
Under your rent
31
$629,900
$725/sqft
2 bd · 2 ba · 869 sqft
#109, 9808 Silver Star Road
Vernon · Single Family
~$2,986/mo
Listed by Sotheby's International Realty CanadaMLS® 10403065
Under your rent
27
$629,000
$387/sqft
3 bd · 3 ba · 1,626 sqft
#4, 3602 Pleasant Valley Road
Vernon · Single Family
~$2,981/mo
Listed by Coldwell Banker Executives RealtyMLS® 10403207
Under your rent
32
$585,000
$390/sqft
3 bd · 2 ba · 1,500 sqft
441 4th Street
Vernon · Single Family
~$2,773/mo
Listed by Canada Flex Realty GroupMLS® 10403080
Under your rent
50
$689,000
$385/sqft
3 bd · 2 ba · 1,788 sqft
359 Kildare Way
Vernon · Single Family
~$3,266/mo
Listed by Royal LePage KelownaMLS® 10403004
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 | $4,000/mo |
|---|---|
| Interest rate | 5.19% |
| Amortization | 25 years |
| Down payment (20%) | $169,000 |
| Mortgage supported | $675,000 |
| Purchase price | $844,000 |
| Tax, strata and insurance | $804/mo |
| All-in monthly | $4,804/mo |
Assumptions
- Rate
- 5.19%, the posted five-year fixed rate. Illustrative, not a quote.
- Amortization
- 25 years
- Down payment
- 20% ($169,000 on $844,000)
- 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
$169,000, or 20% of $844,000.
The mortgage payment is. Tax, strata and insurance add about $804/mo, for $4,804 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.