$2,030 a Month Mortgage

How much mortgage can you get for $2,030 a month? Calculate home price based on $2,030 monthly payment.
$
%

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 $2,030 a month?
This calculates the amount of a mortgage that you can get with a $2,030 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 2,030/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
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
2,060 / mo 488,610 431,490 383,740 343,591 309,634
2,065 / mo 489,796 432,537 384,672 344,425 310,385
2,070 / mo 490,982 433,585 385,603 345,259 311,137
2,075 / mo 492,168 434,632 386,534 346,093 311,888
2,080 / mo 493,354 435,679 387,466 346,927 312,640
2,085 / mo 494,540 436,727 388,397 347,761 313,391
2,090 / mo 495,726 437,774 389,329 348,594 314,143
2,095 / mo 496,912 438,821 390,260 349,428 314,894
2,100 / mo 498,098 439,869 391,191 350,262 315,646
2,105 / mo 499,284 440,916 392,123 351,096 316,397
2,110 / mo 500,470 441,963 393,054 351,930 317,149
2,115 / mo 501,656 443,011 393,986 352,764 317,901
2,120 / mo 502,841 444,058 394,917 353,598 318,652
2,125 / mo 504,027 445,105 395,848 354,432 319,404
2,130 / mo 505,213 446,152 396,780 355,266 320,155
Loan Amount by Rate. 30 year fixed, $2,030/mo
Interest Rate Mortgage
2.000% 549,213
2.125% 540,035
2.250% 531,071
2.375% 522,317
2.500% 513,767
2.625% 505,414
2.750% 497,255
2.875% 489,283
3.000% 481,494
3.125% 473,883
3.250% 466,445
3.375% 459,176
3.500% 452,071
3.625% 445,125
3.750% 438,335
3.875% 431,697
4.000% 425,206
4.125% 418,859
4.250% 412,652
4.375% 406,581
4.500% 400,643
4.625% 394,834
4.750% 389,152
4.875% 383,592
5.000% 378,152
5.125% 372,828
5.250% 367,618
5.375% 362,519
5.500% 357,527
5.625% 352,641
5.750% 347,857
5.875% 343,173
6.000% 338,587
6.125% 334,096
6.250% 329,697
6.375% 325,388
6.500% 321,168
6.625% 317,033
6.750% 312,983
6.875% 309,014
7.000% 305,124