# Question: How Much House Can I Buy For 1300 A Month?

## How much mortgage can I get for 1300 a month?

Calculating estimated mortgage payments

If you purchased a 30-year fixed rate mortgage, at an annual interest rate at 3.85%, and a mortgage loan amount of \$255,968, your monthly principle and interest payment would be \$1,200 each month.

With some simple math, you can calculate monthly payments including interest.

## How much house can I buy for 1500 a month?

Formula for Income to Afford a Home Mortgage Payment

Mortgage PrincipalMonthly PaymentInterest Portion
\$150,000\$900\$745
\$200,000\$1,200\$994
\$250,000\$1,500\$1242
\$300,000\$1,799\$1,491

1 more row

## How much house can I afford with \$1400 a month?

How Much House Can You Afford?

Monthly Pre-Tax IncomeRemaining Income After Average Monthly Debt PaymentMaximum Monthly Mortgage Payment (including Property Taxes and Insurance) with the 36% Rule
\$2,000\$1,400\$120
\$3,000\$2,400\$480
\$4,000\$3,400\$840
\$5,000\$4,400\$1,200

5 more rows

## How much house can I buy for 1000 a month?

These days — with conventional mortgage rates running about 4% — a \$1,000 monthly Principle & Interest (P&I) payment gets you a 30-year loan of about \$210,000. Assuming a 10% downpayment, that’s a \$235,000 home.