Mortgage Calculators
Know your numbers before you apply. Use our free calculators to estimate payments, determine affordability, and analyze refinancing options.
Mortgage Payment Calculator
Calculate your monthly mortgage payment with a full amortization schedule. Adjust home price, loan amount, interest rate, and loan term to see your breakdown.
Open Payment CalculatorShould I Refinance?
Compare your current mortgage to a new loan. See monthly payment savings, total interest comparison, and your break-even point to decide if refinancing makes sense.
Open Refinance CalculatorRent vs. Buy Analysis
Should you keep renting or buy a home? Compare the true cost of renting versus buying over time, including appreciation, tax benefits, and your break-even year.
Open Rent vs. Buy CalculatorLoan Comparison
Compare two loan options side by side. See differences in monthly payments, total interest paid, and total cost to find the best loan for your situation.
Open Loan ComparisonWant Exact Numbers?
These calculators provide estimates. Get a free pre-approval in 24 hours for exact rates and terms based on your situation.
Get Pre-Approved in 24 HoursCalculator Tips & Information
Mortgage Payment Calculator
Enter your home price, down payment, interest rate, and loan term to see a detailed monthly payment breakdown including principal, interest, taxes, and insurance. Includes a full amortization schedule showing how your balance decreases over time.
Refinance Analysis
Compare your current mortgage terms to a potential new loan. See side-by-side monthly payment comparison, total interest savings over the life of the loan, and your break-even point to decide if refinancing makes financial sense.
Rent vs. Buy Analysis
Not sure if buying makes sense right now? This calculator factors in home appreciation, tax benefits, rent increases, and selling costs to show you exactly when buying becomes more profitable than renting.
Loan Comparison
Deciding between a 15-year and 30-year loan? Comparing rates from different lenders? Enter two loan scenarios side by side to see the difference in monthly payments, total interest, and overall cost.
Current Austin Market Rates
Interest rates change daily based on market conditions. The rates shown in our examples are for illustration only. For current Austin mortgage rates, call Adam at (512) 956-6010. Pre-approval rate quotes are accurate for 30-60 days depending on the rate lock option.
Need Personalized Help?
Every borrower's situation is unique. These calculators give you a starting point, but your actual rates and terms depend on credit score, employment history, assets, and loan type. Contact Adam for a free consultation and personalized analysis.
Frequently Asked Questions
Your monthly payment typically includes: (1) Principal & Interest - the loan payment itself, (2) Property Tax - your local tax based on assessed value, (3) Homeowners Insurance - required protection on the home, (4) PMI - mortgage insurance if your down payment is less than 20%, and sometimes (5) HOA fees in some neighborhoods. This is often referred to as PITI + PMI.
Interest rates change daily based on economic factors, Federal Reserve policy, and market conditions. A "good" rate depends on your credit score, loan type, loan term, and down payment. Someone with a 780 credit score will get a better rate than someone with a 650 score. Call Adam at (512) 956-6010 for current Austin rates based on your profile.
Down payment options vary by loan type: Conventional (3-20%), FHA (3.5%), VA (0%), USDA (0%), Jumbo (15-20%). Lower down payments require PMI. If you can't afford 20% down, FHA or USDA might be better options. The key is balancing your down payment with your monthly budget and long-term goals.
Refinancing makes sense if you can save money over time. Use our refinance calculator to see your breakeven point. Generally, if the new rate is at least 1% lower and you plan to keep the home 2+ years, refinancing is worth considering. However, factors like credit score, equity, and closing costs affect the decision. Adam can provide detailed refinance analysis.
PMI (Private Mortgage Insurance) protects the lender if you default. It's required when your down payment is less than 20%. Cost varies by credit score and down payment amount (typically 0.55-1.86% annually). PMI ends when you have 20% equity. With a conventional loan, you can request PMI removal once you reach 20% equity through appreciation or principal reduction.
Ready to Move Forward?
Start your pre-approval today. Get exact numbers, personalized rate quotes, and expert guidance from Adam.