• Austin Skyline
  • Pennybacker Bridge
  • Texas Capital
  • Barton Springs Austin Tx
  • Austin Mural
  • Austin Night Skyline
  • Long Center
  • Boots with Flags
  • HOW MUCH CAN I AFFORD?

    See if Your Income is Sufficient to Qualify
    Desired Mortgage for New Home

    Mortgage Length

     Years
    Interest
     %
    Annual Tax
    Total Monthly Payments in Non-Mortgage Debt (i.e. car, student loans, credit cards, etc).
     
    Summary
    Monthly Principal + Interest
    Total Housing Payment (tax & insurance included)
    Required Salary
    Your salary must meet the following two conditions:
    1. Your gross (pre-taxes) monthly salary must be greater than 35% of the sum of the monthly mortgage, monthly tax and other monthly debt payments.
    DISCLAIMER: The prequalification figures above are based upon conventional program guidelines. Other loan programs are available. Calculations by this tool are believed to be accurate, yet are not guaranteed. Further review is necessary to obtain an exact qualification. If you have less than 20% equity in your home, a monthly mortgage insurance payment may be required.