If I pay $5,000 more for the house of my dreams, how much will it increase my Monthly Payment?

How Much Does Each $5k–$10k Add to a Mortgage Payment?

Type your rate and term once. Instantly see the payment change for +$5k, +$10k, +$25k, and +$50k. Great for price negotiations, upgrades, and comparing offers.

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Quick Calculator

We use the standard mortgage formula (principal & interest only). Taxes, insurance, HOA, and MI aren’t included so you can isolate the pure payment delta from a price change.

Interest Rate (APR) Enter as a percent (e.g., 6.75)

Loan Term (years) 30 years 20 years 15 years 10 years

Base Loan Amount ($)

Show Increments $5k, $10k, $25k, $50k $1k, $5k, $10k, $20k $10k, $20k, $30k, $40k

Tip: If you’re comparing two offers that differ in price (or credits), just plug your rate/term once—this tool shows how much the monthly payment shifts for each increment.

What This Tells You

• Negotiation clarity: Know exactly what +$5k or +$10k does to your monthly payment.
• Upgrade choices: Decide if an option package is worth it in monthly terms.
• Offer strategy: Compare seller credits vs. price changes using the same math.

Want a full payment (PITI) estimate with taxes, insurance, and MI? We’ll run it for your specific home and parish.

See Full Payment Get the Cheat Sheet

Lookup Table (Based on Your Rate & Term)

These rows update automatically as you change the inputs above.

Increase to Loan	New Loan Amount	Payment Change (Δ / month)	New Monthly P&I

Assumes fixed-rate amortizing loan; principal & interest only.

Watch: $5k Changes Explained

The bottom line is that the purchase price affects your monthly payment, but often not enough to lose your dream house over. The slight increase in monthly payments may be worth it! How much can you actually afford? how much can you really afford.

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