Under your rent
30
$269,000
$287/sqft
2 bd · 1 ba · 938 sqft
#285, 1999 97 S Highway
West Kelowna · Single Family
~$1,275/mo
Listed by REMAX KelownaMLS® 10386787
Rent vs own
$1,500 a month in rent buys a $316,000 home in West Kelowna
At a 5.19% posted rate, 20% down and 25 years. 35 West Kelowna homes are listed at or under it.
- Purchase price
- $316,000
- Down payment
- $63,000
- All-in monthly
- $2,013/mo
- Homes listed
- 35
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$316,000
20% down assumed ($63,000). 35 homes listed at or under it in West Kelowna.
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
- $2,013/mo
- Homes listed
- 35
Source: Current MLS® listings.
West Kelowna homes your $1,500 rent could own
35 active listingsOpen these West Kelowna homes on the map
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Under your rent
25
$89,000
$95/sqft
2 bd · 1 ba · 936 sqft
#131, 1999 Highway 97 Other
West Kelowna · Single Family
~$422/mo
Listed by Royal LePage KelownaMLS® 10400821
Under your rent
43
$215,000
$250/sqft
3 bd · 1 ba · 860 sqft
#95, 2035 Boucherie Road
West Kelowna · Single Family
~$1,019/mo
Listed by Royal LePage KelownaMLS® 10401357
Under your rent
43
$259,900
$201/sqft
2 bd · 2 ba · 1,296 sqft
#44, 2098 Boucherie Road
West Kelowna · Single Family
~$1,232/mo
Listed by Royal LePage KelownaMLS® 10392656
Under your rent
12
$79,900
$86/sqft
2 bd · 1 ba · 928 sqft
#194, 1699 Ross Road
West Kelowna · Single Family
~$379/mo
Listed by Royal LePage KelownaMLS® 10402739
Under your rent
42
$274,900
$262/sqft
2 bd · 1 ba · 1,049 sqft
#85, 1999 97 Highway
West Kelowna · Single Family
~$1,303/mo
Listed by Real Broker B.C. LtdMLS® 10402714
Under your rent
36
$199,900
$216/sqft
2 bd · 2 ba · 927 sqft
#185, 1880 Old Boucherie Road
West Kelowna · Single Family
~$947/mo
Listed by REMAX KelownaMLS® 10395250
Under your rent
34
$299,000
$321/sqft
2 bd · 2 ba · 932 sqft
#201, 1699 Ross Road
West Kelowna · Single Family
~$1,417/mo
Listed by Coldwell Banker Horizon RealtyMLS® 10402516
Under your rent
38
$154,900
$158/sqft
2 bd · 1 ba · 981 sqft
#45, 1929 97 Highway
West Kelowna · Single Family
~$734/mo
Listed by REMAX KelownaMLS® 10401046
Under your rent
31
$249,999
$446/sqft
1 bd · 1 ba · 561 sqft
#102, 3533 Carrington Road
West Kelowna · Single Family
~$1,185/mo
Listed by Royal LePage KelownaMLS® 10398783
Under your rent
30
$114,999
$160/sqft
1 bd · 1 ba · 720 sqft
#213, 1699 Ross Road
West Kelowna · Single Family
~$545/mo
Listed by Century 21 Assurance Realty LtdMLS® 10401416
Under your rent
32
$220,000
$546/sqft
1 bd · 1 ba · 403 sqft
#513, 2345 Butt Road
West Kelowna · Single Family
~$1,043/mo
Listed by Vantage West Realty Inc.MLS® 10393806
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 | $513/mo |
| All-in monthly | $2,013/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
- 4.96 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 $513/mo, for $2,013 in total.
Other rents in West Kelowna
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.