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Mortgage calculator
Use our free mortgage calculator to estimate your monthly payment — including Texas property taxes, insurance, HOA and mortgage insurance.
Down payment: · Loan amount:
Estimated monthly payment
Estimates only, for illustration. Texas property taxes vary by county, school district and MUD/PID district. Talk with a lender for an exact quote.
Get connected with a trusted lenderAffordability
How much home can I afford?
A quick rule of thumb many lenders use: total monthly debt, including your new house payment, at or below about 36% of gross income.
Comfortable total house payment:
Calculator FAQ
Using the mortgage calculator: what to know
What tax rate should I put in the mortgage calculator?
Use the property’s total rate: county, city, school district and any MUD or PID. In North Texas that is often about 1.8% to 2.6% of value. The Texas Comptroller’s property tax pages explain how rates are set.
Does the mortgage calculator include PMI?
Yes. When the down payment is under 20%, it adds an estimate of private mortgage insurance. VA loans have no monthly mortgage insurance, so set the down payment accordingly and ask your lender for exact figures.
How accurate is a mortgage calculator?
It is an estimate. Your rate, insurance quote and exact taxes will change the result. Use it to compare homes, then get a lender quote. The Consumer Financial Protection Bureau explains loan estimates line by line.
What is the 36% affordability rule?
Many lenders like total monthly debts — including the new house payment — at or below about 36% of gross income. The affordability calculator on this page uses that rule of thumb.
Can you recommend a lender?
Yes. We work with VA, FHA, USDA rural and land-loan specialists. Contact us and we’ll introduce a few to compare.
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Want an exact number?
We’ll introduce you to trusted local lenders — including VA, FHA, USDA rural and land-loan specialists — so you can shop with confidence.