$3,100 a Month Mortgage

How much mortgage can you get for $3,100 a month? Calculate home price based on $3,100 monthly payment.
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With the parameters you selected, \${$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 $3,100 a month?
This calculates the amount of a mortgage that you can get with a $3,100 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 3,100/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
3,100 / mo 735,287 649,330 577,473 517,054 465,953
3,105 / mo 736,473 650,377 578,404 517,888 466,705
3,110 / mo 737,659 651,424 579,336 518,722 467,457
3,115 / mo 738,845 652,472 580,267 519,556 468,208
3,120 / mo 740,031 653,519 581,199 520,390 468,960
3,125 / mo 741,217 654,566 582,130 521,224 469,711
3,130 / mo 742,403 655,614 583,061 522,058 470,463
3,135 / mo 743,589 656,661 583,993 522,892 471,214
3,140 / mo 744,775 657,708 584,924 523,726 471,966
3,145 / mo 745,961 658,756 585,856 524,560 472,717
3,150 / mo 747,147 659,803 586,787 525,394 473,469
3,155 / mo 748,332 660,850 587,719 526,228 474,220
3,160 / mo 749,518 661,898 588,650 527,062 474,972
3,165 / mo 750,704 662,945 589,581 527,895 475,723
3,170 / mo 751,890 663,992 590,513 528,729 476,475
3,175 / mo 753,076 665,039 591,444 529,563 477,227
3,180 / mo 754,262 666,087 592,376 530,397 477,978
3,185 / mo 755,448 667,134 593,307 531,231 478,730
3,190 / mo 756,634 668,181 594,238 532,065 479,481
3,195 / mo 757,820 669,229 595,170 532,899 480,233
3,200 / mo 759,006 670,276 596,101 533,733 480,984
Loan Amount by Rate. 30 year fixed, $3,100/mo
Interest Rate Mortgage
2.000% 838,700
2.125% 824,684
2.250% 810,996
2.375% 797,627
2.500% 784,570
2.625% 771,815
2.750% 759,355
2.875% 747,182
3.000% 735,287
3.125% 723,664
3.250% 712,306
3.375% 701,205
3.500% 690,354
3.625% 679,748
3.750% 669,379
3.875% 659,242
4.000% 649,330
4.125% 639,637
4.250% 630,158
4.375% 620,888
4.500% 611,820
4.625% 602,949
4.750% 594,271
4.875% 585,781
5.000% 577,473
5.125% 569,343
5.250% 561,387
5.375% 553,600
5.500% 545,977
5.625% 538,516
5.750% 531,210
5.875% 524,058
6.000% 517,054
6.125% 510,195
6.250% 503,478
6.375% 496,898
6.500% 490,454
6.625% 484,140
6.750% 477,954
6.875% 471,893
7.000% 465,953