$950 a Month Mortgage

How much mortgage can you get for $950 a month? Calculate home price based on $950 monthly payment.
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With the parameters you selected, \${$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 $950 a month?
This calculates the amount of a mortgage that you can get with a $950 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 950/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
950 / mo 225,330 198,988 176,968 158,452 142,792
955 / mo 226,516 200,035 177,899 159,286 143,544
960 / mo 227,702 201,083 178,830 160,120 144,295
965 / mo 228,888 202,130 179,762 160,954 145,047
970 / mo 230,074 203,177 180,693 161,788 145,798
975 / mo 231,260 204,225 181,625 162,622 146,550
980 / mo 232,446 205,272 182,556 163,456 147,301
985 / mo 233,632 206,319 183,487 164,290 148,053
990 / mo 234,817 207,367 184,419 165,124 148,804
995 / mo 236,003 208,414 185,350 165,958 149,556
1,000 / mo 237,189 209,461 186,282 166,792 150,308
1,005 / mo 238,375 210,509 187,213 167,626 151,059
1,010 / mo 239,561 211,556 188,144 168,460 151,811
1,015 / mo 240,747 212,603 189,076 169,293 152,562
1,020 / mo 241,933 213,650 190,007 170,127 153,314
1,025 / mo 243,119 214,698 190,939 170,961 154,065
1,030 / mo 244,305 215,745 191,870 171,795 154,817
1,035 / mo 245,491 216,792 192,801 172,629 155,568
1,040 / mo 246,677 217,840 193,733 173,463 156,320
1,045 / mo 247,863 218,887 194,664 174,297 157,071
1,050 / mo 249,049 219,934 195,596 175,131 157,823
Loan Amount by Rate. 30 year fixed, $950/mo
Interest Rate Mortgage
2.000% 257,021
2.125% 252,726
2.250% 248,531
2.375% 244,434
2.500% 240,433
2.625% 236,524
2.750% 232,706
2.875% 228,975
3.000% 225,330
3.125% 221,768
3.250% 218,287
3.375% 214,885
3.500% 211,560
3.625% 208,310
3.750% 205,132
3.875% 202,026
4.000% 198,988
4.125% 196,018
4.250% 193,113
4.375% 190,272
4.500% 187,493
4.625% 184,775
4.750% 182,115
4.875% 179,513
5.000% 176,968
5.125% 174,476
5.250% 172,038
5.375% 169,652
5.500% 167,316
5.625% 165,029
5.750% 162,790
5.875% 160,598
6.000% 158,452
6.125% 156,350
6.250% 154,292
6.375% 152,275
6.500% 150,300
6.625% 148,365
6.750% 146,470
6.875% 144,612
7.000% 142,792