(Hint: If you are wanting a certain payment, let's say $750 per month total, this will include prinicpal, interest, taxes and insurance. I usually figure $100 per month is for taxes and insurance (that will be $600 per year for taxes and $600 per year for insurance, if they are different, then apply accordingly), that will leave you $650 per month for principal and interest. Now enter $1,000 for the loan amount above, then the current interest rate (let's say 3.25%) and let's use 30 years for the term. When you hit calculate, you should have $4.35 for your monthly payment. Now, use a calculator and enter the amount of your remianing payment ($650 example above) and divide it by the monthly payment for the $1,000 ($4.35). This will give you 149.43 (650 / 4.35 = 149.43). Then multiply that number by 1,000 (149.43 * 1,000 = 149,430.00) So, for a monthly payment of $750, using the number above, you can look at property in the $149,000 range!)