How Much House Can I Buy For 1500 A Month -

The exact amount depends heavily on your down payment and the prevailing interest rates, which averaged for a 30-year fixed mortgage today according to the Bankrate Daily Survey . Estimated Home Price by Down Payment

To comfortably afford a $1,500 monthly housing payment, financial experts and lenders generally recommend: At least $5,350 to $6,000 . how much house can i buy for 1500 a month

Lenders often prefer that your total housing costs do not exceed 28% of your pre-tax income. The exact amount depends heavily on your down

If you target a total monthly payment of $1,500 (including principal, interest, taxes, and insurance): 500 monthly housing payment

You can afford roughly a $195,000 home.