$1,155 a Month Mortgage

How much mortgage can you get for $1,155 a month? Calculate home price based on $1,155 monthly payment.
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With the parameters you selected, \${$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 $1,155 a month?
This calculates the amount of a mortgage that you can get with a $1,155 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 1,155/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
1,155 / mo 273,954 241,928 215,155 192,644 173,605
1,160 / mo 275,140 242,975 216,087 193,478 174,357
1,165 / mo 276,326 244,022 217,018 194,312 175,108
1,170 / mo 277,512 245,070 217,949 195,146 175,860
1,175 / mo 278,698 246,117 218,881 195,980 176,611
1,180 / mo 279,883 247,164 219,812 196,814 177,363
1,185 / mo 281,069 248,212 220,744 197,648 178,114
1,190 / mo 282,255 249,259 221,675 198,482 178,866
1,195 / mo 283,441 250,306 222,607 199,316 179,618
1,200 / mo 284,627 251,353 223,538 200,150 180,369
1,205 / mo 285,813 252,401 224,469 200,984 181,121
1,210 / mo 286,999 253,448 225,401 201,818 181,872
1,215 / mo 288,185 254,495 226,332 202,652 182,624
1,220 / mo 289,371 255,543 227,264 203,486 183,375
1,225 / mo 290,557 256,590 228,195 204,320 184,127
1,230 / mo 291,743 257,637 229,126 205,154 184,878
1,235 / mo 292,929 258,685 230,058 205,988 185,630
1,240 / mo 294,115 259,732 230,989 206,822 186,381
1,245 / mo 295,301 260,779 231,921 207,656 187,133
1,250 / mo 296,487 261,827 232,852 208,490 187,884
1,255 / mo 297,673 262,874 233,783 209,323 188,636
Loan Amount by Rate. 30 year fixed, $1,155/mo
Interest Rate Mortgage
2.000% 312,484
2.125% 307,261
2.250% 302,161
2.375% 297,181
2.500% 292,316
2.625% 287,563
2.750% 282,921
2.875% 278,385
3.000% 273,954
3.125% 269,623
3.250% 265,391
3.375% 261,255
3.500% 257,213
3.625% 253,261
3.750% 249,398
3.875% 245,621
4.000% 241,928
4.125% 238,316
4.250% 234,785
4.375% 231,331
4.500% 227,952
4.625% 224,647
4.750% 221,414
4.875% 218,251
5.000% 215,155
5.125% 212,126
5.250% 209,162
5.375% 206,261
5.500% 203,421
5.625% 200,641
5.750% 197,919
5.875% 195,254
6.000% 192,644
6.125% 190,089
6.250% 187,586
6.375% 185,135
6.500% 182,733
6.625% 180,381
6.750% 178,076
6.875% 175,818
7.000% 173,605