how much house can i buy for 1200 a month

A $1,200 payment must cover more than just the loan itself. Lenders use a (Principal, Interest, Taxes, and Insurance) calculation:

For a target monthly payment of , you can typically afford a home priced between $140,000 and $190,000 , depending on your down payment and current interest rates. Estimated Buying Power

You can afford a home worth approximately $190,000 . Principal & Interest: ~$925

~$95 (Required for down payments under 20%) Factors That Reduce Your Budget