$1,290 a Month Mortgage

How much mortgage can you get for $1,290 a month? Calculate home price based on $1,290 monthly payment.
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With the parameters you selected, \${$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 $1,290 a month?
This calculates the amount of a mortgage that you can get with a $1,290 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 1,290/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
1,290 / mo 305,974 270,205 240,303 215,161 193,897
1,295 / mo 307,160 271,252 241,235 215,995 194,648
1,300 / mo 308,346 272,300 242,166 216,829 195,400
1,305 / mo 309,532 273,347 243,098 217,663 196,151
1,310 / mo 310,718 274,394 244,029 218,497 196,903
1,315 / mo 311,904 275,442 244,960 219,331 197,654
1,320 / mo 313,090 276,489 245,892 220,165 198,406
1,325 / mo 314,276 277,536 246,823 220,999 199,158
1,330 / mo 315,462 278,583 247,755 221,833 199,909
1,335 / mo 316,648 279,631 248,686 222,667 200,661
1,340 / mo 317,834 280,678 249,617 223,501 201,412
1,345 / mo 319,020 281,725 250,549 224,335 202,164
1,350 / mo 320,206 282,773 251,480 225,169 202,915
1,355 / mo 321,392 283,820 252,412 226,003 203,667
1,360 / mo 322,578 284,867 253,343 226,837 204,418
1,365 / mo 323,764 285,915 254,274 227,671 205,170
1,370 / mo 324,949 286,962 255,206 228,505 205,921
1,375 / mo 326,135 288,009 256,137 229,338 206,673
1,380 / mo 327,321 289,057 257,069 230,172 207,424
1,385 / mo 328,507 290,104 258,000 231,006 208,176
1,390 / mo 329,693 291,151 258,931 231,840 208,928
Loan Amount by Rate. 30 year fixed, $1,290/mo
Interest Rate Mortgage
2.000% 349,008
2.125% 343,175
2.250% 337,479
2.375% 331,916
2.500% 326,482
2.625% 321,175
2.750% 315,990
2.875% 310,924
3.000% 305,974
3.125% 301,138
3.250% 296,411
3.375% 291,792
3.500% 287,277
3.625% 282,863
3.750% 278,548
3.875% 274,330
4.000% 270,205
4.125% 266,172
4.250% 262,227
4.375% 258,369
4.500% 254,596
4.625% 250,905
4.750% 247,294
4.875% 243,760
5.000% 240,303
5.125% 236,920
5.250% 233,609
5.375% 230,369
5.500% 227,197
5.625% 224,092
5.750% 221,052
5.875% 218,076
6.000% 215,161
6.125% 212,307
6.250% 209,512
6.375% 206,774
6.500% 204,092
6.625% 201,465
6.750% 198,891
6.875% 196,368
7.000% 193,897