HOME PAYMENT CALCULATOR
What would you
pay each month?
Enter the home price and down payment. See your estimated monthly cost, including taxes and insurance.
YOUR LOAN AND CLOSING COSTS
How much upfront?
How long to pay it off?
Change the extra principal payment to explore an earlier payoff.
Closing costs are an editable percentage assumption, not a lender quote. Actual cash to close can include prepaid expenses, escrow deposits, credits, and other adjustments. The schedule assumes a fixed interest rate, on-time monthly payments, and no penalties or fees for extra principal. Taxes, insurance, and other ownership costs are separate from loan interest and may change.
Year-by-year loan balance
| Year | Principal paid | Interest paid | Balance |
|---|
BEFORE YOU BUY
Check the
actual costs.
Your lender’s estimate
Confirm the rate, term, mortgage insurance, and cash to close. Compare like-for-like details using the CFPB Loan Estimate explainer.
The property’s costs
Get property-specific tax information and insurance quotes. The previous owner’s tax bill may reflect exemptions or a capped value that will not apply to you. Start with HCAD’s capped-value guidance for Harris County properties.
The rest of homeownership
Include association dues, utilities, repairs, and applicable flood coverage. Review the CFPB’s home-budget guidance and our Houston flood checklist.