$5,045 a Month Mortgage

How much mortgage can you get for $5,045 a month? Calculate home price based on $5,045 monthly payment.
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With the parameters you selected, \${$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 $5,045 a month?
This calculates the amount of a mortgage that you can get with a $5,045 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 5,045/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
5,045 / mo 1,196,620 1,056,732 939,791 841,464 758,302
5,050 / mo 1,197,806 1,057,779 940,722 842,298 759,053
5,055 / mo 1,198,992 1,058,827 941,654 843,132 759,805
5,060 / mo 1,200,178 1,059,874 942,585 843,966 760,556
5,065 / mo 1,201,364 1,060,921 943,516 844,800 761,308
5,070 / mo 1,202,550 1,061,968 944,448 845,633 762,059
5,075 / mo 1,203,736 1,063,016 945,379 846,467 762,811
5,080 / mo 1,204,922 1,064,063 946,311 847,301 763,562
5,085 / mo 1,206,108 1,065,110 947,242 848,135 764,314
5,090 / mo 1,207,294 1,066,158 948,173 848,969 765,066
5,095 / mo 1,208,480 1,067,205 949,105 849,803 765,817
5,100 / mo 1,209,666 1,068,252 950,036 850,637 766,569
5,105 / mo 1,210,852 1,069,300 950,968 851,471 767,320
5,110 / mo 1,212,038 1,070,347 951,899 852,305 768,072
5,115 / mo 1,213,224 1,071,394 952,830 853,139 768,823
5,120 / mo 1,214,410 1,072,442 953,762 853,973 769,575
5,125 / mo 1,215,596 1,073,489 954,693 854,807 770,326
5,130 / mo 1,216,782 1,074,536 955,625 855,641 771,078
5,135 / mo 1,217,967 1,075,583 956,556 856,475 771,829
5,140 / mo 1,219,153 1,076,631 957,488 857,309 772,581
5,145 / mo 1,220,339 1,077,678 958,419 858,143 773,332
Loan Amount by Rate. 30 year fixed, $5,045/mo
Interest Rate Mortgage
2.000% 1,364,917
2.125% 1,342,107
2.250% 1,319,830
2.375% 1,298,074
2.500% 1,276,824
2.625% 1,256,067
2.750% 1,235,789
2.875% 1,215,978
3.000% 1,196,620
3.125% 1,177,705
3.250% 1,159,220
3.375% 1,141,154
3.500% 1,123,496
3.625% 1,106,235
3.750% 1,089,361
3.875% 1,072,863
4.000% 1,056,732
4.125% 1,040,958
4.250% 1,025,532
4.375% 1,010,444
4.500% 995,687
4.625% 981,251
4.750% 967,128
4.875% 953,311
5.000% 939,791
5.125% 926,560
5.250% 913,612
5.375% 900,939
5.500% 888,534
5.625% 876,391
5.750% 864,502
5.875% 852,862
6.000% 841,464
6.125% 830,302
6.250% 819,370
6.375% 808,662
6.500% 798,174
6.625% 787,898
6.750% 777,831
6.875% 767,968
7.000% 758,302