What house can I afford on $3,000 a month?
About $509,259
with 20% down at 6.5% over 30 years — payment includes principal, interest, property tax and insurance.
A $3,000/month all-in payment supports a home price of about $509,259 with 20% down at 6.5% over 30 years, including taxes and insurance.
Adjust the assumptions in the full calculator →What this assumes
- 20% down payment
- 6.5% interest rate, 30-year fixed
- $3,600/yr property tax and $1,500/yr home insurance
- No HOA fee
- Payment shown is full PITI (principal, interest, tax, insurance)
How the answer changes
Every figure below is computed by the same calculator that powers Mortgage Payment Calculator — change one assumption at a time.
Interest rate
| Interest rate | Answer |
|---|---|
| 5.5% | $566,904 |
| 6% | $536,934 |
| 6.5% | $509,259 |
| 7% | $483,760 |
| 7.5% | $460,315 |
Down payment
| Down payment | Answer |
|---|---|
| 5% | $428,894 |
| 10% | $452,581 |
| 15% | $479,288 |
| 20% | $509,259 |
| 25% | $543,218 |