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

Formula for Income to Afford a Home Mortgage Payment

Mortgage Principal | Monthly Payment | Interest Portion |
---|---|---|

$150,000 | $900 | $745 |

$200,000 | $1,200 | $994 |

$250,000 | $1,500 | $1242 |

$300,000 | $1,799 | $1,491 |

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## How much mortgage can I get for 800 a month?

30 Year $800 Mortgage Loan

Loan Amount | 2.50% | 5.50% |
---|---|---|

$800 | $3.16 | $4.54 |

$805 | $3.18 | $4.57 |

$810 | $3.20 | $4.60 |

$815 | $3.22 | $4.63 |

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## 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.

## How much house can I buy 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.