$1,400 a Month Mortgage

How much mortgage can you get for $1,400 a month? Calculate home price based on $1,400 monthly payment.
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With the parameters you selected, \${$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 $1,400 a month?
This calculates the amount of a mortgage that you can get with a $1,400 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 1,400/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
1,400 / mo 332,065 293,246 260,794 233,508 210,431
1,405 / mo 333,251 294,293 261,726 234,342 211,182
1,410 / mo 334,437 295,340 262,657 235,176 211,934
1,415 / mo 335,623 296,388 263,588 236,010 212,685
1,420 / mo 336,809 297,435 264,520 236,844 213,437
1,425 / mo 337,995 298,482 265,451 237,678 214,188
1,430 / mo 339,181 299,530 266,383 238,512 214,940
1,435 / mo 340,367 300,577 267,314 239,346 215,691
1,440 / mo 341,553 301,624 268,246 240,180 216,443
1,445 / mo 342,739 302,671 269,177 241,014 217,194
1,450 / mo 343,925 303,719 270,108 241,848 217,946
1,455 / mo 345,111 304,766 271,040 242,682 218,698
1,460 / mo 346,296 305,813 271,971 243,516 219,449
1,465 / mo 347,482 306,861 272,903 244,350 220,201
1,470 / mo 348,668 307,908 273,834 245,184 220,952
1,475 / mo 349,854 308,955 274,765 246,018 221,704
1,480 / mo 351,040 310,003 275,697 246,852 222,455
1,485 / mo 352,226 311,050 276,628 247,686 223,207
1,490 / mo 353,412 312,097 277,560 248,520 223,958
1,495 / mo 354,598 313,145 278,491 249,353 224,710
1,500 / mo 355,784 314,192 279,422 250,187 225,461
Loan Amount by Rate. 30 year fixed, $1,400/mo
Interest Rate Mortgage
2.000% 378,768
2.125% 372,438
2.250% 366,256
2.375% 360,219
2.500% 354,322
2.625% 348,562
2.750% 342,935
2.875% 337,437
3.000% 332,065
3.125% 326,816
3.250% 321,687
3.375% 316,673
3.500% 311,773
3.625% 306,983
3.750% 302,300
3.875% 297,722
4.000% 293,246
4.125% 288,868
4.250% 284,588
4.375% 280,401
4.500% 276,306
4.625% 272,300
4.750% 268,381
4.875% 264,546
5.000% 260,794
5.125% 257,123
5.250% 253,530
5.375% 250,013
5.500% 246,570
5.625% 243,201
5.750% 239,901
5.875% 236,671
6.000% 233,508
6.125% 230,411
6.250% 227,377
6.375% 224,406
6.500% 221,495
6.625% 218,644
6.750% 215,850
6.875% 213,113
7.000% 210,431