Estimates for informational purposes only. Not a commitment to lend or a guaranteed rate. Actual rates, payments, and approval depend on your full profile.
How to read your result
Your monthly payment has four parts, often called PITI. Principal pays down what you borrowed. Interest is what the lender charges to borrow. Taxes are Texas property taxes, estimated from your home price. Insurance is homeowners coverage, plus PMI on conventional loans or MIP on FHA loans if your down payment is under 20 percent.
Get your exact numbers
Book a quick call with Brandon Huynh, NMLS #2522494. This calculator gives an estimate. Brandon confirms your real rate and payment after a short conversation.
Book a Call or call/text 832-997-1527
Explore your Houston loan options
Different programs change your down payment, rate, and mortgage insurance. Compare the options that fit your situation:
- Conventional loans Houston — as little as 3% down, PMI drops off at 20% equity.
- FHA loans Houston TX — 3.5% down with flexible credit guidelines.
- DSCR loans Houston — qualify rental properties on cash flow, not personal income. Run the numbers with the DSCR loan calculator.
- Bank statement loans Houston — for self-employed buyers who use deposits instead of tax returns. Estimate your income with the bank statement loan income calculator.
Frequently Asked Questions
What is included in my monthly mortgage payment?
Your payment includes four parts: principal, interest, property taxes, and insurance, known together as PITI. If your down payment is under 20 percent, it also includes mortgage insurance, called PMI on conventional loans or MIP on FHA loans.
Why are Texas property taxes part of my payment?
Texas has no state income tax and funds local services through property taxes, which run higher than the national average. Your lender collects them monthly in an escrow account, so they are part of your total payment.
What credit score do I need for a mortgage in Houston?
Conventional loans generally start around 620, FHA loans can go lower with a larger down payment, and non-QM programs have their own guidelines. Brandon can match you to the right program for your score.
How much down payment do I need?
Conventional loans can start at 3 percent down and FHA at 3.5 percent, while investment and non-QM loans usually require more. Down payment assistance may be available for eligible Houston buyers.
Can Brandon get me an exact rate?
Rates change daily and depend on your full profile, so this calculator gives an estimate. Brandon provides your exact rate and payment after a short consultation. Call or text 832-997-1527.