$2,500 a Month Mortgage

How much mortgage can you get for $2,500 a month? Calculate home price based on $2,500 monthly payment.
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With the parameters you selected, \${$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 $2,500 a month?
This calculates the amount of a mortgage that you can get with a $2,500 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 2,500/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
2,500 / mo 592,973 523,653 465,704 416,979 375,769
2,505 / mo 594,159 524,700 466,635 417,813 376,520
2,510 / mo 595,345 525,748 467,567 418,647 377,272
2,515 / mo 596,531 526,795 468,498 419,481 378,024
2,520 / mo 597,717 527,842 469,430 420,315 378,775
2,525 / mo 598,903 528,890 470,361 421,149 379,527
2,530 / mo 600,089 529,937 471,292 421,983 380,278
2,535 / mo 601,275 530,984 472,224 422,817 381,030
2,540 / mo 602,461 532,032 473,155 423,651 381,781
2,545 / mo 603,647 533,079 474,087 424,485 382,533
2,550 / mo 604,833 534,126 475,018 425,319 383,284
2,555 / mo 606,019 535,173 475,950 426,153 384,036
2,560 / mo 607,205 536,221 476,881 426,987 384,787
2,565 / mo 608,391 537,268 477,812 427,820 385,539
2,570 / mo 609,577 538,315 478,744 428,654 386,290
2,575 / mo 610,763 539,363 479,675 429,488 387,042
2,580 / mo 611,949 540,410 480,607 430,322 387,794
2,585 / mo 613,135 541,457 481,538 431,156 388,545
2,590 / mo 614,320 542,505 482,469 431,990 389,297
2,595 / mo 615,506 543,552 483,401 432,824 390,048
2,600 / mo 616,692 544,599 484,332 433,658 390,800
Loan Amount by Rate. 30 year fixed, $2,500/mo
Interest Rate Mortgage
2.000% 676,371
2.125% 665,068
2.250% 654,029
2.375% 643,248
2.500% 632,718
2.625% 622,432
2.750% 612,383
2.875% 602,566
3.000% 592,973
3.125% 583,600
3.250% 574,440
3.375% 565,488
3.500% 556,737
3.625% 548,184
3.750% 539,822
3.875% 531,647
4.000% 523,653
4.125% 515,836
4.250% 508,192
4.375% 500,716
4.500% 493,403
4.625% 486,249
4.750% 479,251
4.875% 472,404
5.000% 465,704
5.125% 459,148
5.250% 452,731
5.375% 446,452
5.500% 440,304
5.625% 434,287
5.750% 428,396
5.875% 422,627
6.000% 416,979
6.125% 411,448
6.250% 406,031
6.375% 400,725
6.500% 395,527
6.625% 390,435
6.750% 385,447
6.875% 380,559
7.000% 375,769