$3,500 a Month Mortgage

How much mortgage can you get for $3,500 a month? Calculate home price based on $3,500 monthly payment.
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With the parameters you selected, \${$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 $3,500 a month?
This calculates the amount of a mortgage that you can get with a $3,500 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 3,500/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
3,500 / mo 830,163 733,114 651,986 583,771 526,076
3,505 / mo 831,349 734,162 652,917 584,605 526,828
3,510 / mo 832,535 735,209 653,848 585,439 527,580
3,515 / mo 833,721 736,256 654,780 586,273 528,331
3,520 / mo 834,907 737,304 655,711 587,106 529,083
3,525 / mo 836,093 738,351 656,643 587,940 529,834
3,530 / mo 837,279 739,398 657,574 588,774 530,586
3,535 / mo 838,464 740,445 658,506 589,608 531,337
3,540 / mo 839,650 741,493 659,437 590,442 532,089
3,545 / mo 840,836 742,540 660,368 591,276 532,840
3,550 / mo 842,022 743,587 661,300 592,110 533,592
3,555 / mo 843,208 744,635 662,231 592,944 534,343
3,560 / mo 844,394 745,682 663,163 593,778 535,095
3,565 / mo 845,580 746,729 664,094 594,612 535,846
3,570 / mo 846,766 747,777 665,025 595,446 536,598
3,575 / mo 847,952 748,824 665,957 596,280 537,350
3,580 / mo 849,138 749,871 666,888 597,114 538,101
3,585 / mo 850,324 750,919 667,820 597,948 538,853
3,590 / mo 851,510 751,966 668,751 598,782 539,604
3,595 / mo 852,696 753,013 669,682 599,616 540,356
3,600 / mo 853,882 754,060 670,614 600,450 541,107
Loan Amount by Rate. 30 year fixed, $3,500/mo
Interest Rate Mortgage
2.000% 946,920
2.125% 931,095
2.250% 915,640
2.375% 900,547
2.500% 885,805
2.625% 871,404
2.750% 857,336
2.875% 843,592
3.000% 830,163
3.125% 817,040
3.250% 804,216
3.375% 791,683
3.500% 779,432
3.625% 767,458
3.750% 755,751
3.875% 744,305
4.000% 733,114
4.125% 722,171
4.250% 711,469
4.375% 701,002
4.500% 690,764
4.625% 680,749
4.750% 670,951
4.875% 661,365
5.000% 651,986
5.125% 642,807
5.250% 633,824
5.375% 625,032
5.500% 616,426
5.625% 608,002
5.750% 599,754
5.875% 591,678
6.000% 583,771
6.125% 576,027
6.250% 568,443
6.375% 561,014
6.500% 553,738
6.625% 546,609
6.750% 539,625
6.875% 532,782
7.000% 526,076