What Price Home Could You Buy for $1000 Monthly Mortgage?

Potential Home Buyers: What Price Home Could You Buy for $1000 Monthly Mortgage?

Do you know the impact your interest rate makes? Interest rates have come a long way in the last 30 years. At current interest rates what price home could you buy for a $1000 monthly mortgage payment? The Infographic below illustrates a potential home buyer who wants to keep their mortgage payment around a $1000 a month and how much home they can afford.
(Scroll to the bottom of this page to see where homes in this mortgage price range exist)

What Price Home Can You Afford for $1000 a Month Mortgage Payment

The Cost of Waiting

CoreLogic predicts a 5.3% appreciation in home prices in the next 12 months. Freddie Mac predicts an increase of a full percentage point in interest rates.  The chart below illustrates the impact of a rise in interest rates on the cost of a monthly mortgage payment.

Impact of Interest Rate on a $200,000 House

Where to Find Homes for Sale in the Under a $1000 a Month Mortgage Range

*Calculations Based on a 30 year fixed mortgage at 3.43% interest. (Principal & Interest Only)   See our mortgage calculator

St Louis City Homes for Sale 200000-225000

St Louis County Homes for Sale 200000-225000

St Charles City Homes for Sale 200000-225000

St Charles County Homes for Sale 200000-225000

Call Finding Homes for You at 636-532-4200 for more information and jump start your home search today!

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