Payment to Price

Payment to Price

Have a monthly payment in mind? Let’s find your price range.

Most people shop by payment, not price — so start there. Tell me the all-in monthly payment you’re comfortable with and what you have for a down payment, and this works backward to the home price that fits. It counts taxes, insurance, and PMI — the stuff payment calculators usually leave out and quietly overstate your range.

Why I built this

This might be my favorite calculator on the site, because it tackles the question I find hardest to work through with clients: not “what will a lender approve,” but “what price actually fits a payment I’m comfortable with.” Most people know the monthly number they’d feel good about long before they know what house it buys — and bridging the two is genuinely tricky, since the real payment folds in taxes, insurance, and PMI that are easy to forget and hard to picture in your head. This does that work for you: start from the payment that feels right, and it shows the price that matches — so your purchase potential and your comfort sit in the same place, before you fall in love with a listing.

— Matt Mergo · NMLS #563819
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Your all-in payment, taxes & insurance included
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Taxes & insurance (optional)
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Use the actual yearly tax from a home you’d consider in your target neighborhood — a listing’s tax history or the county assessor’s site gives you a real figure instead of a guess. Rates vary enough between towns to move your price range.
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Applied automatically when down payment is under 20%
Home price that fits your payment
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Loan amount—
Your down payment—
Principal & interest—
Property tax—
Home insurance—
PMI—
HOA—
Total monthly payment—
This is the price your payment buys — not necessarily the most a lender will approve. If you want to see that ceiling instead, run the affordability calculator. Between the two, you get both numbers: what you’re comfortable paying, and what you’d be allowed to. The smart target usually lives in the overlap. Rate moves this range more than anything else here, so the figure is only as current as the rate you enter.
Get a real payment and price range from Matt

This calculator is an educational estimate, not a pre-approval or loan offer. It solves for the home price whose total payment (principal, interest, taxes, insurance, and PMI if applicable) matches the amount you enter. Property tax is entered as a fixed yearly dollar amount and varies widely by location, so use a figure that reflects homes in your target area; PMI generally applies with less than 20% down. Actual rates, taxes, insurance, and approval depend on current pricing, your credit, and the specific property. Forest Hills Mortgage · Matt Mergo, NMLS #563819. Equal Housing Lender.