$3,000 a Month Mortgage

How much mortgage can you get for $3,000 a month? Calculate home price based on $3,000 monthly payment.
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With the parameters you selected, \${$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 $3,000 a month?
This calculates the amount of a mortgage that you can get with a $3,000 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 3,000/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
3,000 / mo 711,568 628,384 558,845 500,375 450,923
3,005 / mo 712,754 629,431 559,776 501,209 451,674
3,010 / mo 713,940 630,478 560,708 502,043 452,426
3,015 / mo 715,126 631,526 561,639 502,877 453,177
3,020 / mo 716,312 632,573 562,570 503,711 453,929
3,025 / mo 717,498 633,620 563,502 504,545 454,680
3,030 / mo 718,684 634,668 564,433 505,379 455,432
3,035 / mo 719,870 635,715 565,365 506,213 456,183
3,040 / mo 721,056 636,762 566,296 507,047 456,935
3,045 / mo 722,242 637,809 567,228 507,880 457,687
3,050 / mo 723,428 638,857 568,159 508,714 458,438
3,055 / mo 724,614 639,904 569,090 509,548 459,190
3,060 / mo 725,800 640,951 570,022 510,382 459,941
3,065 / mo 726,985 641,999 570,953 511,216 460,693
3,070 / mo 728,171 643,046 571,885 512,050 461,444
3,075 / mo 729,357 644,093 572,816 512,884 462,196
3,080 / mo 730,543 645,141 573,747 513,718 462,947
3,085 / mo 731,729 646,188 574,679 514,552 463,699
3,090 / mo 732,915 647,235 575,610 515,386 464,450
3,095 / mo 734,101 648,283 576,542 516,220 465,202
3,100 / mo 735,287 649,330 577,473 517,054 465,953
Loan Amount by Rate. 30 year fixed, $3,000/mo
Interest Rate Mortgage
2.000% 811,646
2.125% 798,081
2.250% 784,835
2.375% 771,897
2.500% 759,261
2.625% 746,918
2.750% 734,860
2.875% 723,079
3.000% 711,568
3.125% 700,320
3.250% 689,328
3.375% 678,585
3.500% 668,085
3.625% 657,821
3.750% 647,786
3.875% 637,976
4.000% 628,384
4.125% 619,004
4.250% 609,831
4.375% 600,859
4.500% 592,083
4.625% 583,499
4.750% 575,101
4.875% 566,885
5.000% 558,845
5.125% 550,977
5.250% 543,278
5.375% 535,742
5.500% 528,365
5.625% 521,144
5.750% 514,075
5.875% 507,153
6.000% 500,375
6.125% 493,737
6.250% 487,237
6.375% 480,869
6.500% 474,632
6.625% 468,522
6.750% 462,536
6.875% 456,670
7.000% 450,923