# Question: How Much House Can I Buy For 850 A Month?

## 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 mortgage can I get for 800 a month?

30 Year \$800 Mortgage Loan

Loan Amount2.50%5.50%
\$800\$3.16\$4.54
\$805\$3.18\$4.57
\$810\$3.20\$4.60
\$815\$3.22\$4.63

16 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.

## 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.