— Mortgage calculator
How much would you
pay per month?
Complete calculation with principal, interest, property taxes, insurance and PMI. Realistic defaults for Houston, Texas.
— Your estimated monthly payment
$3,009
with Homestead applied
Savings with Homestead+$128/mo
Without Homestead it would be $3,137/mo
Principal + Interest
$2,190.64
Property taxes
2.20% annual · Homestead
$513.33
Property insurance
$1,800/year
$150.00
FHA MIP
$154.80
Loan
$337,750
Down payment
$12,250(3.5%)
Total interest
$450,880
Total payable
$788,630
Estimate only. Actual numbers depend on your credit, loan program and county. For a personalized calculation with your real data, let's talk.
— What each component includes
To understand your full monthly payment
- Principal + Interest
- The portion that amortizes the debt (principal) plus the cost of money (interest). Depends on amount borrowed, rate and term.
- Property taxes
- Harris County (Houston) averages 2.0% – 2.5% annually on the assessed value. Paid monthly through escrow.
- Homeowners insurance (HOI)
- Protects the home. Lenders require it. In Houston typically $1,500 – $2,500 per year.
- HOA
- If the property is in a community with fees. Varies widely — from $0 to $500+ per month.
- PMI / MIP
- Mortgage insurance required when down payment is below 20%. On Conventional loans it's automatically removed once you reach 20% equity. On FHA loans, MIP generally stays for the life of the loan (or 11 years if down payment is 10% or more).
- Programs I work with
- FHA (3.5% down) · Conventional (3-20% down) · ITIN (no Social required) · DSCR (investment).
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