How much house can you afford?
Want to know how much per month you need to buy your dream home in Austin, TX?
Austin Luxury Realty’s mortgage calculator does the work for you. Just enter the price of the home you’re looking for, the percentage down payment you can afford, the length of a mortgage and the annual interest rate. Then press Calculate and you’ll get the monthly payment you’d need to make to buy your house.
This mortgage calculator can be used to figure out monthly payments of a home mortgage loan, based on the home's sale price, the term of the loan desired, buyer's down payment percentage, and the loan's interest rate. This calculator factors in PMI (Private Mortgage Insurance) for loans where less than 20% is put as a down payment. Also taken into consideration are the town property taxes, and their effect on the total monthly mortgage payment.
When considering your budget for a home, remember that you’ll be paying property taxes on top of your mortgage.