$2,900 a Month Mortgage

How much mortgage can you get for $2,900 a month? Calculate home price based on $2,900 monthly payment.
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With the parameters you selected, \${$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 $2,900 a month?
This calculates the amount of a mortgage that you can get with a $2,900 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 2,900/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
2,900 / 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
2,940 / mo 697,337 615,816 547,668 490,367 441,904
2,945 / mo 698,523 616,863 548,599 491,201 442,656
2,950 / mo 699,709 617,911 549,531 492,035 443,407
2,955 / mo 700,895 618,958 550,462 492,869 444,159
2,960 / mo 702,081 620,005 551,394 493,703 444,910
2,965 / mo 703,267 621,053 552,325 494,537 445,662
2,970 / mo 704,452 622,100 553,256 495,371 446,413
2,975 / mo 705,638 623,147 554,188 496,205 447,165
2,980 / mo 706,824 624,194 555,119 497,039 447,917
2,985 / mo 708,010 625,242 556,051 497,873 448,668
2,990 / mo 709,196 626,289 556,982 498,707 449,420
2,995 / mo 710,382 627,336 557,913 499,541 450,171
3,000 / mo 711,568 628,384 558,845 500,375 450,923
Loan Amount by Rate. 30 year fixed, $2,900/mo
Interest Rate Mortgage
2.000% 784,591
2.125% 771,478
2.250% 758,674
2.375% 746,168
2.500% 733,953
2.625% 722,021
2.750% 710,364
2.875% 698,976
3.000% 687,849
3.125% 676,976
3.250% 666,351
3.375% 655,966
3.500% 645,815
3.625% 635,893
3.750% 626,194
3.875% 616,710
4.000% 607,438
4.125% 598,370
4.250% 589,503
4.375% 580,830
4.500% 572,347
4.625% 564,049
4.750% 555,931
4.875% 547,988
5.000% 540,217
5.125% 532,611
5.250% 525,169
5.375% 517,884
5.500% 510,753
5.625% 503,773
5.750% 496,939
5.875% 490,248
6.000% 483,696
6.125% 477,279
6.250% 470,995
6.375% 464,841
6.500% 458,811
6.625% 452,905
6.750% 447,118
6.875% 441,448
7.000% 435,892