Informational Resources
When using the mortgage calculator...for a primary purchase in the Austin area, I use 2.3% of the sales price for property taxes and a minimum of $2400/yr for homeowners insurance. If putting down less than 20%, mortgage insurance will be required on most loan types.
Mortgage Calculators are for educational purposes only. Your actual monthly payment may be greater or less than calculator results. Factors that may impact monthly payment amounts include but are not limited to: market conditions, debt-to-income ratios (DTI), property-specific costs and insurance requirements, loan types, and other credit factors.
