$1,955 a Month Mortgage

How much mortgage can you get for $1,955 a month? Calculate home price based on $1,955 monthly payment.
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With the parameters you selected, \${$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 $1,955 a month?
This calculates the amount of a mortgage that you can get with a $1,955 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 1,955/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
1,955 / mo 463,705 409,497 364,181 326,078 293,851
1,960 / mo 464,891 410,544 365,112 326,912 294,603
1,965 / mo 466,077 411,591 366,043 327,746 295,354
1,970 / mo 467,263 412,639 366,975 328,579 296,106
1,975 / mo 468,449 413,686 367,906 329,413 296,857
1,980 / mo 469,635 414,733 368,838 330,247 297,609
1,985 / mo 470,821 415,781 369,769 331,081 298,361
1,990 / mo 472,007 416,828 370,700 331,915 299,112
1,995 / mo 473,193 417,875 371,632 332,749 299,864
2,000 / mo 474,379 418,922 372,563 333,583 300,615
2,005 / mo 475,565 419,970 373,495 334,417 301,367
2,010 / mo 476,751 421,017 374,426 335,251 302,118
2,015 / mo 477,937 422,064 375,357 336,085 302,870
2,020 / mo 479,123 423,112 376,289 336,919 303,621
2,025 / mo 480,308 424,159 377,220 337,753 304,373
2,030 / mo 481,494 425,206 378,152 338,587 305,124
2,035 / mo 482,680 426,254 379,083 339,421 305,876
2,040 / mo 483,866 427,301 380,014 340,255 306,627
2,045 / mo 485,052 428,348 380,946 341,089 307,379
2,050 / mo 486,238 429,396 381,877 341,923 308,131
2,055 / mo 487,424 430,443 382,809 342,757 308,882
Loan Amount by Rate. 30 year fixed, $1,955/mo
Interest Rate Mortgage
2.000% 528,922
2.125% 520,083
2.250% 511,451
2.375% 503,020
2.500% 494,785
2.625% 486,742
2.750% 478,884
2.875% 471,206
3.000% 463,705
3.125% 456,375
3.250% 449,212
3.375% 442,211
3.500% 435,369
3.625% 428,680
3.750% 422,141
3.875% 415,748
4.000% 409,497
4.125% 403,384
4.250% 397,406
4.375% 391,560
4.500% 385,841
4.625% 380,247
4.750% 374,774
4.875% 369,420
5.000% 364,181
5.125% 359,054
5.250% 354,036
5.375% 349,125
5.500% 344,318
5.625% 339,612
5.750% 335,005
5.875% 330,495
6.000% 326,078
6.125% 321,752
6.250% 317,516
6.375% 313,367
6.500% 309,302
6.625% 305,320
6.750% 301,419
6.875% 297,597
7.000% 293,851