Mortgage Payment &
Home Affordability Calculators

What will your home really cost each month? How will it affect your lifestyle, savings, and everyday priorities? Explore estimated mortgage payments and living expenses to better understand the trade-offs that come with homeownership.

01 / Mortgage

Start with the basics

Change any number to see the estimated payment update.

5% of home price
Taxes, insurance & HOA
Texas taxes vary by property. Check the county appraisal district (CAD) for values, exemptions and taxing districts, and verify the actual bill with the local tax assessor-collector. Don't enter an assessment again if it's already included in the tax amount.
Mortgage insurance estimate

This is a conventional-style PMI illustration, not a quote. Actual PMI varies; FHA, VA, and USDA use different insurance or program-fee rules that are not calculated here.

Sample inputs are examples, not today's advertised mortgage terms. No information is sent to us by this calculator.

Your estimate
Estimated monthly housing cost
$0

Includes the costs listed below. HOA and separate assessments may be billed outside your mortgage.

Principal & interest $0
Property taxes $0
Home insurance $0
Estimated PMI $0
HOA $0
Separate assessments $0
Estimated loan principal $0

This is a basic fixed-rate planning estimate, not a loan quote. It does not calculate FHA insurance, VA funding fees, USDA guarantee fees, closing costs or eligibility. Ask a lender for a program-specific Loan Estimate.

Different loans. Different possibilities.

Some loan programs may offer a smaller down payment or other benefits. These are general examples, not offers or eligibility determinations.

Conventional

Some eligible buyers may put as little as 3% down. Mortgage insurance may apply below 20% down.

FHA

May allow as little as 3.5% down for eligible buyers. Mortgage insurance and loan requirements apply.

VA

Eligible military borrowers may qualify for 0% down and no monthly mortgage insurance. A funding fee may apply.

USDA Guaranteed

May offer 0% down for eligible buyers and properties in qualifying areas. Income limits and guarantee fees apply.

Texas down-payment assistance may also be available to qualifying buyers. Ask a lender about eligibility, costs, and available programs.

Important Information About These Calculators

For education and conversation only. These calculators provide hypothetical estimates to help you explore potential homeownership costs and prepare questions for qualified professionals. Results are not intended to be relied upon when making purchasing, borrowing, or financial decisions.

Mortgage estimates are not loan quotes or approvals. Actual interest rates, payments, mortgage insurance, loan terms, closing costs, and eligibility requirements vary by lender, loan program, property, and individual circumstances. These tools do not determine whether you qualify for financing. Conventional, FHA, VA, USDA, and other loan options have different requirements and costs that may not be reflected in the calculations.

Texas property taxes and ownership costs vary. Property-tax estimates may differ significantly from actual taxes. Buyers should review property-specific information through the county appraisal district (CAD) and confirm applicable tax rates and bills with the local tax assessor-collector. The current owner's exemptions or tax bill may not reflect a new buyer's obligations. Insurance premiums, HOA dues, MUD/PID assessments, maintenance, and other expenses must also be independently verified.

Lifestyle affordability is personal. The lifestyle calculator uses the income, expenses, and financial priorities entered by the user. It cannot account for every financial obligation, future expense, unexpected repair, or change in circumstances. A positive remaining monthly balance does not establish that a home is affordable.

Professional guidance is essential. Before making any homebuying or financing decisions, consult a licensed mortgage lender and other appropriate qualified professionals, including legal, tax, insurance, and financial advisers as needed. Request and compare written Loan Estimates and verify property-specific expenses.

These calculators do not provide mortgage underwriting, financial, tax, legal, or investment advice. No representation or guarantee is made regarding the accuracy, completeness, availability, or applicability of the estimates to any particular person or property. Rates, fees, regulations, and loan-program requirements may change.

Calculator estimates are intended solely as a starting point for discussion—not as a substitute for individualized professional guidance.

Mortgage Professionals We Trust

We encourage you to shop around and compare lenders to find the best fit for your needs. All of our trusted mortgage connections offer FREE consultations! Ask each lender for a detailed loan worksheet so you can compare rates, fees, and terms apples to apples. And don't forget to tell them Cindy Coggins Realty Group sent you!

Lender Disclaimer:

The mortgage professionals featured here are provided as a courtesy based on our team's professional relationships and experiences with previous clients. Cindy Coggins Realty Group and Keller Williams Allen do not receive referral fees, kickbacks, or other compensation for recommending these lenders.

You are never required to use any lender we suggest. You are free to choose the mortgage lender that best meets your individual needs.

We encourage all buyers to compare lenders, interest rates, loan programs, fees, and terms before making a decision. Each lender operates independently, and inclusion on this page does not constitute a guarantee of services, loan approval, rates, or financing terms.