Know your numbers before you make a move
Estimate your monthly payment with Texas property taxes and insurance, see how much home you can afford, or check whether a refinance pays off. Unlock the full report and take a PDF with you.
Monthly payment
Principal, interest, Texas property taxes, insurance, PMI and HOA.
| Loan amount | $0 |
| Total interest | $0 |
| Payoff date | — |
| Interest saved with extra payments | $0 |
| Loan amount | $0 |
| Total interest over the loan | $0 |
| Payoff date | — |
| Interest saved with extra payments | $0 |
| Months PMI is paid (est.) | 0 |
Year-by-year
How much home can I afford?
Works backward from your income and debts using common lender guidelines.
Based on about 36% of gross income going to all monthly debts.
| Stretch price | $0 |
| Payment at comfortable price | $0 |
| Payment at stretch price | $0 |
| Comfortable | Stretch | |
|---|---|---|
| Home price | $0 | $0 |
| Loan amount | $0 | $0 |
| Monthly payment (PITI + HOA) | $0 | $0 |
| Debt-to-income | 36% | 45% |
Many programs allow higher ratios. FHA, VA, USDA and bank statement loans each have their own limits. We will show you exactly where you fit.
Refinance savings
Compare your current loan to a new one and see your break-even point.
Principal and interest only.
| Break-even | — |
| New payment | $0 |
| Lifetime interest difference | $0 |
| Current | New | |
|---|---|---|
| Loan amount | $0 | $0 |
| Rate | 0% | 0% |
| Principal & interest | $0 | $0 |
| Interest left to pay | $0 | $0 |
| Break-even | — |
| Lifetime interest difference | $0 |
Thinking about cash out? Texas homestead rules apply. See Texas cash-out rules.
Unlock your full report and PDF
See the full breakdown and download a PDF copy you can keep. Brad or Buddy will personally review your numbers and follow up within the hour. No credit pull.
Your report is ready
Your PDF should be downloading now. Brad or Buddy will reach out within the hour to walk through your numbers.
Estimates for illustration only, based on the information you enter. Rates shown are examples you can change, not a quote or offer of credit. Actual rate, APR, payment and eligibility depend on credit, income, property, loan program and market conditions. Taxes, insurance and HOA amounts are estimates. Top Notch Mortgage, powered by Barton Creek Lending Group, LLC, NMLS #264320. Equal Housing Lender.
Calculator FAQ
How accurate is this mortgage calculator?
It uses the same formulas lenders use for principal and interest, plus your property tax, insurance, PMI and HOA estimates. Your actual payment depends on your rate, loan program, credit and the property, so treat it as an estimate until we run your real numbers.
What property tax rate should I use in Central Texas?
Combined rates in Central Texas commonly run about 1.6% to 2.5% of value per year, depending on the city, school district and special districts. Your homestead exemption lowers it. Send us an address and we will look up the exact rate.
When does PMI go away?
On a conventional loan, PMI generally cancels automatically when your balance reaches 78% of the original value, and you can ask to remove it at 80%. FHA mortgage insurance works differently. We will show you the options for your situation.
How much house can I afford?
Many lenders look for total monthly debts, including the new house payment, at or below about 36% to 45% of gross income, though some programs allow more. The affordability calculator shows both a comfortable and a stretch price.
Is refinancing worth it?
A common test is the break-even point: closing costs divided by your monthly savings. If you plan to keep the home longer than the break-even, a refinance may make sense. We also look at the total interest you will pay over the life of the loan.
Your game plan is one step away.
Tell us what you want to accomplish and Brad or Buddy will personally review your options and get back to you within the hour. No credit pull. No obligation.
Call or text either of us directly:
Brad 512-269-5278 · Buddy 512-595-6220
Ready to apply? Start your application