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 Payment Calculator
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You may use the following two charts to estimate your monthly payment limit, and then the maximum
loan amount based on the current interest rates. These charts are for a 30 year fixed rate conventional mortgage.
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| What Can I Afford? |
| (Based on a 30 year fixed rate conventional mortgage) |
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| Gross Annual Income |
Max Monthly Payment |
| $20,000 |
$475 |
| $25,000 |
$585 |
| $30,000 |
$700 |
| $35,000 |
$800 |
| $40,000 |
$925 |
| $45,000 |
$1000 |
| $50,000 |
$1125 |
| $60,000 |
$1400 |
| $70,000 |
$1600 |
| $80,000 |
$1900 |
| $90,000 |
$2100 |
| $100,000 |
$2300 |
| $125,000 |
$3000 |
| $150,000 |
$3500 |
| $175,000 |
$4000 |
| $200,000 |
$4700 |
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| Monthly Payment Calculator |
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| Monthly |
Interest Rate |
| Payment |
5% |
6% |
7% |
8% |
9% |
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| $300 |
$55,884 |
$50,037 |
$45,092 |
$40,885 |
$37,285 |
| $400 |
$74,513 |
$66,717 |
$60,123 |
$54,513 |
$49,713 |
| $500 |
$93,141 |
$83,396 |
$75,154 |
$68,142 |
$62,141 |
| $600 |
$111,769 |
$100,075 |
$90,185 |
$81,770 |
$74,569 |
| $700 |
$130,397 |
$116,754 |
$105,215 |
$95,398 |
$86,997 |
| $800 |
$149,025 |
$133,433 |
$102,246 |
$109,027 |
$99,425 |
| $900 |
$167,653 |
$150,112 |
$135,277 |
$122,655 |
$111,854 |
| $1000 |
$186,282 |
$166,792 |
$150,308 |
$136,283 |
$124,282 |
| $1200 |
$223,538 |
$200,150 |
$180,369 |
$163,540 |
$149,138 |
| $1300 |
$242,166 |
$216,829 |
$195,400 |
$177,169 |
$161,566 |
| $1400 |
$260,794 |
$233,508 |
$210,431 |
$190,797 |
$173,995 |
| $1500 |
$279,422 |
$250,187 |
$225,461 |
$204,425 |
$186,423 |
| $1600 |
$298,051 |
$266,867 |
$240,492 |
$218,054 |
$198,851 |
| $1700 |
$316,679 |
$283,546 |
$255,523 |
$231,682 |
$211,279 |
| $1800 |
$335,307 |
$300,225 |
$270,554 |
$245,310 |
$223,707 |
| $1900 |
$353,935 |
$316,904 |
$285,584 |
$258,939 |
$236,136 |
| $2000 |
$372,563 |
$333,583 |
$300,615 |
$272,567 |
$248,564 |
| $2100 |
$391,191 |
$350,262 |
$315,646 |
$286,195 |
$260,992 |
| $2200 |
$409,820 |
$366,942 |
$330,677 |
$299,824 |
$273,420 |
| $2300 |
$428,448 |
$383,621 |
$345,707 |
$313,452 |
$285,848 |
| $2400 |
$447,076 |
$400,300 |
$360,738 |
$327,080 |
$298,276 |
| $2500 |
$465,704 |
$416,979 |
$375,769 |
$340,709 |
$310,705 |
| $2600 |
$484,332 |
$433,658 |
$390,800 |
$354,337 |
$323,133 |
| $2700 |
$502,960 |
$450,337 |
$405,830 |
$367,965 |
$335,561 |
| $2800 |
$521,589 |
$467,017 |
$420,861 |
$381,594 |
$347,989 |
| $2900 |
$540,217 |
$483,696 |
$435,892 |
$395,222 |
$360,417 |
| $3000 |
$558,845 |
$500,375 |
$450,923 |
$408,850 |
$372,846 |
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I have also found the following site useful
for mortgage questions you may have:
HPW Mortgage
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Coldwell Banker Howard Perry & Walston Realtor in Chapel Hill, Realtor North Carolina
Howard Perry & Walston Realtor in Raleigh, Realtor North Carolina
Howard Perry & Walston Realtor in Hillsborough, Realtor North Carolina
Howard Perry & Walston Realtor in Cary, Realtor North Carolina
Howard Perry & Walston Realtor in Durham, Realtor North Carolina
Howard Perry & Walston Realtor in Carrboro, Realtor North Carolina
Design by TUS
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