$2,200 a Month Mortgage

How much mortgage can you get for $2,200 a month? Calculate home price based on $2,200 monthly payment.
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With the parameters you selected, \${$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 $2,200 a month?
This calculates the amount of a mortgage that you can get with a $2,200 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 2,200/month will afford.
What other costs do I need to consider?
Property Taxes: After the mortgage, your property taxes are usually the biggest expense in 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
2,200 / mo 521,817 460,815 409,820 366,942 330,677
2,205 / mo 523,003 461,862 410,751 367,776 331,428
2,210 / mo 524,189 462,909 411,682 368,609 332,180
2,215 / mo 525,374 463,957 412,614 369,443 332,931
2,220 / mo 526,560 465,004 413,545 370,277 333,683
2,225 / mo 527,746 466,051 414,477 371,111 334,434
2,230 / mo 528,932 467,099 415,408 371,945 335,186
2,235 / mo 530,118 468,146 416,339 372,779 335,937
2,240 / mo 531,304 469,193 417,271 373,613 336,689
2,245 / mo 532,490 470,240 418,202 374,447 337,440
2,250 / mo 533,676 471,288 419,134 375,281 338,192
2,255 / mo 534,862 472,335 420,065 376,115 338,944
2,260 / mo 536,048 473,382 420,996 376,949 339,695
2,265 / mo 537,234 474,430 421,928 377,783 340,447
2,270 / mo 538,420 475,477 422,859 378,617 341,198
2,275 / mo 539,606 476,524 423,791 379,451 341,950
2,280 / mo 540,792 477,572 424,722 380,285 342,701
2,285 / mo 541,978 478,619 425,653 381,119 343,453
2,290 / mo 543,164 479,666 426,585 381,953 344,204
2,295 / mo 544,350 480,714 427,516 382,787 344,956
2,300 / mo 545,536 481,761 428,448 383,621 345,707
Loan Amount by Rate. 30 year fixed, $2,200/mo
Interest Rate Mortgage
2.000% 595,207
2.125% 585,260
2.250% 575,545
2.375% 566,058
2.500% 556,792
2.625% 547,740
2.750% 538,897
2.875% 530,258
3.000% 521,817
3.125% 513,568
3.250% 505,507
3.375% 497,629
3.500% 489,929
3.625% 482,402
3.750% 475,043
3.875% 467,849
4.000% 460,815
4.125% 453,936
4.250% 447,209
4.375% 440,630
4.500% 434,195
4.625% 427,899
4.750% 421,741
4.875% 415,715
5.000% 409,820
5.125% 404,050
5.250% 398,404
5.375% 392,877
5.500% 387,468
5.625% 382,172
5.750% 376,988
5.875% 371,912
6.000% 366,942
6.125% 362,074
6.250% 357,307
6.375% 352,638
6.500% 348,064
6.625% 343,583
6.750% 339,193
6.875% 334,892
7.000% 330,677