$2,835 a Month Mortgage

How much mortgage can you get for $2,835 a month? Calculate home price based on $2,835 monthly payment.
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With the parameters you selected, \${$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 $2,835 a month?
This calculates the amount of a mortgage that you can get with a $2,835 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 2,835/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
2,835 / mo 672,432 593,823 528,108 472,854 426,122
2,840 / mo 673,618 594,870 529,040 473,688 426,873
2,845 / mo 674,804 595,917 529,971 474,522 427,625
2,850 / mo 675,990 596,965 530,903 475,356 428,377
2,855 / mo 677,176 598,012 531,834 476,190 429,128
2,860 / mo 678,362 599,059 532,765 477,024 429,880
2,865 / mo 679,548 600,106 533,697 477,858 430,631
2,870 / mo 680,734 601,154 534,628 478,692 431,383
2,875 / mo 681,919 602,201 535,560 479,526 432,134
2,880 / mo 683,105 603,248 536,491 480,360 432,886
2,885 / mo 684,291 604,296 537,422 481,194 433,637
2,890 / mo 685,477 605,343 538,354 482,028 434,389
2,895 / mo 686,663 606,390 539,285 482,862 435,140
2,900 / mo 687,849 607,438 540,217 483,696 435,892
2,905 / mo 689,035 608,485 541,148 484,530 436,643
2,910 / mo 690,221 609,532 542,080 485,364 437,395
2,915 / mo 691,407 610,580 543,011 486,198 438,147
2,920 / mo 692,593 611,627 543,942 487,032 438,898
2,925 / mo 693,779 612,674 544,874 487,865 439,650
2,930 / mo 694,965 613,721 545,805 488,699 440,401
2,935 / mo 696,151 614,769 546,737 489,533 441,153
Loan Amount by Rate. 30 year fixed, $2,835/mo
Interest Rate Mortgage
2.000% 767,005
2.125% 754,187
2.250% 741,669
2.375% 729,443
2.500% 717,502
2.625% 705,837
2.750% 694,442
2.875% 683,310
3.000% 672,432
3.125% 661,803
3.250% 651,415
3.375% 641,263
3.500% 631,340
3.625% 621,641
3.750% 612,158
3.875% 602,887
4.000% 593,823
4.125% 584,959
4.250% 576,290
4.375% 567,812
4.500% 559,519
4.625% 551,407
4.750% 543,471
4.875% 535,706
5.000% 528,108
5.125% 520,674
5.250% 513,397
5.375% 506,276
5.500% 499,305
5.625% 492,481
5.750% 485,801
5.875% 479,259
6.000% 472,854
6.125% 466,582
6.250% 460,439
6.375% 454,422
6.500% 448,528
6.625% 442,754
6.750% 437,097
6.875% 431,554
7.000% 426,122