$5,300 a Month Mortgage

How much mortgage can you get for $5,300 a month? Calculate home price based on $5,300 monthly payment.
$
%

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 $5,300 a month?
This calculates the amount of a mortgage that you can get with a $5,300 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 5,300/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
5,300 / mo 1,257,104 1,110,145 987,293 883,996 796,630
5,305 / mo 1,258,290 1,111,192 988,224 884,830 797,382
5,310 / mo 1,259,476 1,112,239 989,155 885,663 798,133
5,315 / mo 1,260,662 1,113,286 990,087 886,497 798,885
5,320 / mo 1,261,848 1,114,334 991,018 887,331 799,636
5,325 / mo 1,263,033 1,115,381 991,950 888,165 800,388
5,330 / mo 1,264,219 1,116,428 992,881 888,999 801,139
5,335 / mo 1,265,405 1,117,476 993,812 889,833 801,891
5,340 / mo 1,266,591 1,118,523 994,744 890,667 802,642
5,345 / mo 1,267,777 1,119,570 995,675 891,501 803,394
5,350 / mo 1,268,963 1,120,618 996,607 892,335 804,145
5,355 / mo 1,270,149 1,121,665 997,538 893,169 804,897
5,360 / mo 1,271,335 1,122,712 998,469 894,003 805,649
5,365 / mo 1,272,521 1,123,760 999,401 894,837 806,400
5,370 / mo 1,273,707 1,124,807 1,000,332 895,671 807,152
5,375 / mo 1,274,893 1,125,854 1,001,264 896,505 807,903
5,380 / mo 1,276,079 1,126,901 1,002,195 897,339 808,655
5,385 / mo 1,277,265 1,127,949 1,003,127 898,173 809,406
5,390 / mo 1,278,451 1,128,996 1,004,058 899,007 810,158
5,395 / mo 1,279,637 1,130,043 1,004,989 899,841 810,909
5,400 / mo 1,280,823 1,131,091 1,005,921 900,675 811,661
Loan Amount by Rate. 30 year fixed, $5,300/mo
Interest Rate Mortgage
2.000% 1,433,907
2.125% 1,409,943
2.250% 1,386,541
2.375% 1,363,686
2.500% 1,341,362
2.625% 1,319,555
2.750% 1,298,252
2.875% 1,277,439
3.000% 1,257,104
3.125% 1,237,232
3.250% 1,217,813
3.375% 1,198,834
3.500% 1,180,283
3.625% 1,162,150
3.750% 1,144,423
3.875% 1,127,091
4.000% 1,110,145
4.125% 1,093,573
4.250% 1,077,367
4.375% 1,061,517
4.500% 1,046,014
4.625% 1,030,849
4.750% 1,016,012
4.875% 1,001,496
5.000% 987,293
5.125% 973,393
5.250% 959,791
5.375% 946,477
5.500% 933,445
5.625% 920,688
5.750% 908,199
5.875% 895,970
6.000% 883,996
6.125% 872,269
6.250% 860,785
6.375% 849,536
6.500% 838,517
6.625% 827,723
6.750% 817,147
6.875% 806,785
7.000% 796,630