$3,155 a Month Mortgage

How much mortgage can you get for $3,155 a month? Calculate home price based on $3,155 monthly payment.
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With the parameters you selected, \${$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 $3,155 a month?
This calculates the amount of a mortgage that you can get with a $3,155 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 3,155/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
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
3,205 / mo 760,192 671,323 597,033 534,567 481,736
3,210 / mo 761,378 672,371 597,964 535,401 482,487
3,215 / mo 762,564 673,418 598,895 536,235 483,239
3,220 / mo 763,750 674,465 599,827 537,069 483,990
3,225 / mo 764,936 675,513 600,758 537,903 484,742
3,230 / mo 766,122 676,560 601,690 538,737 485,493
3,235 / mo 767,308 677,607 602,621 539,571 486,245
3,240 / mo 768,494 678,654 603,552 540,405 486,997
3,245 / mo 769,680 679,702 604,484 541,239 487,748
3,250 / mo 770,865 680,749 605,415 542,073 488,500
3,255 / mo 772,051 681,796 606,347 542,907 489,251
Loan Amount by Rate. 30 year fixed, $3,155/mo
Interest Rate Mortgage
2.000% 853,581
2.125% 839,315
2.250% 825,384
2.375% 811,779
2.500% 798,490
2.625% 785,509
2.750% 772,827
2.875% 760,438
3.000% 748,332
3.125% 736,503
3.250% 724,944
3.375% 713,646
3.500% 702,603
3.625% 691,808
3.750% 681,255
3.875% 670,938
4.000% 660,850
4.125% 650,986
4.250% 641,339
4.375% 631,903
4.500% 622,674
4.625% 613,647
4.750% 604,815
4.875% 596,174
5.000% 587,719
5.125% 579,445
5.250% 571,347
5.375% 563,422
5.500% 555,664
5.625% 548,070
5.750% 540,635
5.875% 533,356
6.000% 526,228
6.125% 519,247
6.250% 512,411
6.375% 505,714
6.500% 499,155
6.625% 492,729
6.750% 486,434
6.875% 480,265
7.000% 474,220