$100 a Month Mortgage

How much mortgage can you get for $100 a month? Calculate home price based on $100 monthly payment.
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With the parameters you selected, \${$pageVals->prettyPayment}/mo will pay for a {$big} home loan.

This does not include the cost of insurance, repairs, taxes, PMI, HSA dues, or other costs.

How expensive of a home can I buy for $100 a month?
This calculates the amount of a mortgage that you can get with a $100 monthly payment. This is calculated based on the monthly payment, interest rate APR, and loan length. Add the down payment to the loan amount to find the total amount of the house that 100/month will afford.
What other costs do I need to consider?
Property Taxes: After the mortgage, your property taxes are usually the biggest expense on a property. Taxes are usually reset to a higher amount after you buy a home. A quick way to estimate your property taxes is to find your local millage rate and multiply by the taxable value of your home. The previous owner typically has a lower taxable value than your purchase price. When the taxable value is reset, your property taxes could increase significantly.
Maintenance: Over time, things break and need to be repaired. Consider these regular costs.
HOA Fees: If you buy a condo, HOA fees can be a large expense and these typically increase over time as the property ages.
Home Insurance: Home insurance is typically not too big of an expense but this can vary by region.
Mortgage Fees: Compare mortgages based on both interest rates and fees. Fees can vary widely based on the mortgage provider.
Down Payment: A standard down payment on a 30 year fixed rate mortgage is 20% of the purchase price however many loan programs offer lower down payments.
Mortgage Amount by Monthly Payment - 30 Year Fixed Mortgage
Payment 3% APR 4% APR 5% APR 6% APR 7% APR
100 / mo 23,719 20,946 18,628 16,679 15,031
105 / mo 24,905 21,993 19,560 17,513 15,782
110 / mo 26,091 23,041 20,491 18,347 16,534
115 / mo 27,277 24,088 21,422 19,181 17,285
120 / mo 28,463 25,135 22,354 20,015 18,037
125 / mo 29,649 26,183 23,285 20,849 18,788
130 / mo 30,835 27,230 24,217 21,683 19,540
135 / mo 32,021 28,277 25,148 22,517 20,292
140 / mo 33,207 29,325 26,079 23,351 21,043
145 / mo 34,392 30,372 27,011 24,185 21,795
150 / mo 35,578 31,419 27,942 25,019 22,546
155 / mo 36,764 32,466 28,874 25,853 23,298
160 / mo 37,950 33,514 29,805 26,687 24,049
165 / mo 39,136 34,561 30,736 27,521 24,801
170 / mo 40,322 35,608 31,668 28,355 25,552
175 / mo 41,508 36,656 32,599 29,189 26,304
180 / mo 42,694 37,703 33,531 30,022 27,055
185 / mo 43,880 38,750 34,462 30,856 27,807
190 / mo 45,066 39,798 35,394 31,690 28,558
195 / mo 46,252 40,845 36,325 32,524 29,310
200 / mo 47,438 41,892 37,256 33,358 30,062
Loan Amount by Rate. 30 year fixed, $100/mo
Interest Rate Mortgage
2.000% 27,055
2.125% 26,603
2.250% 26,161
2.375% 25,730
2.500% 25,309
2.625% 24,897
2.750% 24,495
2.875% 24,103
3.000% 23,719
3.125% 23,344
3.250% 22,978
3.375% 22,620
3.500% 22,269
3.625% 21,927
3.750% 21,593
3.875% 21,266
4.000% 20,946
4.125% 20,633
4.250% 20,328
4.375% 20,029
4.500% 19,736
4.625% 19,450
4.750% 19,170
4.875% 18,896
5.000% 18,628
5.125% 18,366
5.250% 18,109
5.375% 17,858
5.500% 17,612
5.625% 17,371
5.750% 17,136
5.875% 16,905
6.000% 16,679
6.125% 16,458
6.250% 16,241
6.375% 16,029
6.500% 15,821
6.625% 15,617
6.750% 15,418
6.875% 15,222
7.000% 15,031