$2,300 a Month Mortgage

How much mortgage can you get for $2,300 a month? Calculate home price based on $2,300 monthly payment.
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With the parameters you selected, \${$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 $2,300 a month?
This calculates the amount of a mortgage that you can get with a $2,300 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 2,300/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
2,300 / mo 545,536 481,761 428,448 383,621 345,707
2,305 / mo 546,722 482,808 429,379 384,455 346,459
2,310 / mo 547,907 483,855 430,311 385,289 347,210
2,315 / mo 549,093 484,903 431,242 386,123 347,962
2,320 / mo 550,279 485,950 432,173 386,957 348,714
2,325 / mo 551,465 486,997 433,105 387,791 349,465
2,330 / mo 552,651 488,045 434,036 388,624 350,217
2,335 / mo 553,837 489,092 434,968 389,458 350,968
2,340 / mo 555,023 490,139 435,899 390,292 351,720
2,345 / mo 556,209 491,187 436,830 391,126 352,471
2,350 / mo 557,395 492,234 437,762 391,960 353,223
2,355 / mo 558,581 493,281 438,693 392,794 353,974
2,360 / mo 559,767 494,329 439,625 393,628 354,726
2,365 / mo 560,953 495,376 440,556 394,462 355,477
2,370 / mo 562,139 496,423 441,487 395,296 356,229
2,375 / mo 563,325 497,470 442,419 396,130 356,980
2,380 / mo 564,511 498,518 443,350 396,964 357,732
2,385 / mo 565,697 499,565 444,282 397,798 358,484
2,390 / mo 566,883 500,612 445,213 398,632 359,235
2,395 / mo 568,069 501,660 446,144 399,466 359,987
2,400 / mo 569,255 502,707 447,076 400,300 360,738
Loan Amount by Rate. 30 year fixed, $2,300/mo
Interest Rate Mortgage
2.000% 622,262
2.125% 611,862
2.250% 601,707
2.375% 591,788
2.500% 582,100
2.625% 572,637
2.750% 563,392
2.875% 554,360
3.000% 545,536
3.125% 536,912
3.250% 528,485
3.375% 520,249
3.500% 512,198
3.625% 504,329
3.750% 496,636
3.875% 489,115
4.000% 481,761
4.125% 474,570
4.250% 467,537
4.375% 460,659
4.500% 453,931
4.625% 447,349
4.750% 440,911
4.875% 434,612
5.000% 428,448
5.125% 422,416
5.250% 416,513
5.375% 410,735
5.500% 405,080
5.625% 399,544
5.750% 394,124
5.875% 388,817
6.000% 383,621
6.125% 378,532
6.250% 373,548
6.375% 368,667
6.500% 363,885
6.625% 359,200
6.750% 354,611
6.875% 350,114
7.000% 345,707