Marleane Maxwell

Office: 604-530-4141 |

Renting vs. Buying

The examples below demonstrate how large a mortgage your current rent could support with a down payment of 5%. Your potential purchase price is also shown.


Your Rent - $

Mortgage Amount Rent will Buy - $

5% Down Payment - $

Potential Purchase Price - $

 

650.00

 

126,705.60

 

6,668.72

 

133,374.32

 

750.00

 

146,198.54

 

7,694.66

 

153,893.20

 

800.00

 

155,945.50

 

8,207.66

 

164,153.16

 

850.00

 

165,691.48

 

8,720.60

 

174,412.08

 

900.00

 

175,438.44

 

9,233.60

 

184,672.04

 

950.00

 

185,185.40

 

9,746.60

 

194,932.00

 

1,000.00

 

194,931.39

 

10,259.55

 

205,190.94

 

1,050.00

 

204,678.35

 

10,772.54

 

215,450.89

 

1,100.00

 

214,425.30

 

11,285.54

 

225,710.84

 

1,200.00

 

233,918.25

 

12,311.49

 

246,229.74

 

1,250.00

 

243,664.23

 

12,824.43

 

256,488.66

 

1,300.00

 

253,411.19

 

13,337.43

 

266,748.62

 

1,400.00

 

272,904.14

 

14,363.38

 

287,267.52

 

1,450.00

 

282,651.09

 

14,876.37

 

297,527.46

 

1,500.00

 

292,367.08

 

15,389.32

 

307,786.40

 

1,600.00

 

311,891.00

 

16,415.32

 

328,306.32


A Title Insurance Policy does not disclose any information about the property, but insures against demonstrated loss, if such occurs.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.