How Big of Mortgage Can I Get For $500/month?

Determine the amount of a loan you can get if you can pay $500 every month.
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How to Use
This calculates the loan amount based on the monthly payment. Enter your loan details. The calculator will show the loan amount for your calculation as well as for other interest rates.
How much house can I buy for 500 per month?
This depends on the interest rate and the loan length. For example, see how the loan amount varies based on the interest rate for a 30 year fixed mortgage.
Interest Rate Monthly Payment Loan Amount
2% $500 $135,274
3% $500 $118,595
4% $500 $104,731
5% $500 $93,141
6% $500 $83,396
7% $500 $75,154
Loan Amounts Based on Rate and Monthly Payment for 30 Year Mortgages (add down payment for total amount)
Rate $500/mo $525/mo $550/mo $575/mo $600/mo $625/mo $650/mo $675/mo $700/mo
0.25% $173,398 $182,068 $190,738 $199,408 $208,078 $216,748 $225,418 $234,088 $242,758
0.50% $167,118 $175,474 $183,830 $192,186 $200,542 $208,898 $217,254 $225,610 $233,965
0.75% $161,142 $169,199 $177,256 $185,313 $193,371 $201,428 $209,485 $217,542 $225,599
1.00% $155,454 $163,226 $170,999 $178,772 $186,544 $194,317 $202,090 $209,862 $217,635
1.25% $150,037 $157,539 $165,040 $172,542 $180,044 $187,546 $195,048 $202,550 $210,051
1.50% $144,877 $152,121 $159,365 $166,609 $173,852 $181,096 $188,340 $195,584 $202,828
1.75% $139,961 $146,959 $153,957 $160,955 $167,953 $174,951 $181,949 $188,947 $195,945
2.00% $135,274 $142,038 $148,802 $155,565 $162,329 $169,093 $175,857 $182,620 $189,384
2.25% $130,806 $137,346 $143,886 $150,427 $156,967 $163,507 $170,048 $176,588 $183,128
2.50% $126,544 $132,871 $139,198 $145,525 $151,852 $158,179 $164,507 $170,834 $177,161
2.75% $122,477 $128,600 $134,724 $140,848 $146,972 $153,096 $159,220 $165,343 $171,467
3.00% $118,595 $124,524 $130,454 $136,384 $142,314 $148,243 $154,173 $160,103 $166,033
3.25% $114,888 $120,632 $126,377 $132,121 $137,866 $143,610 $149,354 $155,099 $160,843
3.50% $111,347 $116,915 $122,482 $128,050 $133,617 $139,184 $144,752 $150,319 $155,886
3.75% $107,964 $113,363 $118,761 $124,159 $129,557 $134,956 $140,354 $145,752 $151,150
4.00% $104,731 $109,967 $115,204 $120,440 $125,677 $130,913 $136,150 $141,386 $146,623
4.25% $101,638 $106,720 $111,802 $116,884 $121,966 $127,048 $132,130 $137,212 $142,294
4.50% $98,681 $103,615 $108,549 $113,483 $118,417 $123,351 $128,285 $133,219 $138,153
4.75% $95,850 $100,643 $105,435 $110,228 $115,020 $119,813 $124,605 $129,398 $134,190
5.00% $93,141 $97,798 $102,455 $107,112 $111,769 $116,426 $121,083 $125,740 $130,397
5.25% $90,546 $95,074 $99,601 $104,128 $108,656 $113,183 $117,710 $122,237 $126,765
5.50% $88,061 $92,464 $96,867 $101,270 $105,673 $110,076 $114,479 $118,882 $123,285
5.75% $85,679 $89,963 $94,247 $98,531 $102,815 $107,099 $111,383 $115,667 $119,951
6.00% $83,396 $87,566 $91,735 $95,905 $100,075 $104,245 $108,415 $112,584 $116,754
6.25% $81,206 $85,266 $89,327 $93,387 $97,447 $101,508 $105,568 $109,628 $113,689
6.50% $79,105 $83,061 $87,016 $90,971 $94,926 $98,882 $102,837 $106,792 $110,748
6.75% $77,089 $80,944 $84,798 $88,653 $92,507 $96,362 $100,216 $104,071 $107,925
7.00% $75,154 $78,911 $82,669 $86,427 $90,185 $93,942 $97,700 $101,458 $105,215
7.25% $73,295 $76,960 $80,624 $84,289 $87,954 $91,619 $95,283 $98,948 $102,613
7.50% $71,509 $75,084 $78,660 $82,235 $85,811 $89,386 $92,961 $96,537 $100,112
7.75% $69,792 $73,282 $76,771 $80,261 $83,751 $87,240 $90,730 $94,219 $97,709
8.00% $68,142 $71,549 $74,956 $78,363 $81,770 $85,177 $88,584 $91,991 $95,398
8.25% $66,554 $69,882 $73,210 $76,537 $79,865 $83,193 $86,521 $89,848 $93,176
8.50% $65,027 $68,278 $71,530 $74,781 $78,032 $81,284 $84,535 $87,786 $91,038
8.75% $63,557 $66,734 $69,912 $73,090 $76,268 $79,446 $82,624 $85,801 $88,979
9.00% $62,141 $65,248 $68,355 $71,462 $74,569 $77,676 $80,783 $83,890 $86,997
9.25% $60,777 $63,816 $66,855 $69,894 $72,933 $75,972 $79,011 $82,049 $85,088
9.50% $59,463 $62,437 $65,410 $68,383 $71,356 $74,329 $77,302 $80,276 $83,249
9.75% $58,197 $61,107 $64,016 $66,926 $69,836 $72,746 $75,656 $78,566 $81,475
10.00% $56,975 $59,824 $62,673 $65,522 $68,370 $71,219 $74,068 $76,917 $79,766