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Estimate your Conventional Home Loan

With Austin Capital Mortgage, you can easily estimate your monthly mortgage payments. Put your assumptions on the home you want to buy, and we’ll quickly calculate an estimated monthly payment.

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Conventional Home Loan Calculator

A conventional home loan calculator is a tool that helps borrowers estimate the monthly mortgage payment for a conventional home loan. It takes into account factors such as the loan amount, interest rate, loan term, and down payment to provide an accurate estimate of the monthly payment. Some conventional home loan calculators also include additional expenses such as property taxes and homeowner's insurance. By using a conventional home loan calculator, borrowers can determine if they can afford a certain home or if they need to adjust their budget to meet the monthly mortgage payment.

Estimate your Loan payment:

1. Home Value:
2. Down Payment:
3. Down Payment Percent:
4. Loan Term:
  30 years
  
  15 years
5. Interest Rate: 2.957% APR Estimated rate, yours may differ.
6. Credit Score:
  Excellent 720+
  
  Good 680-719
  
  Fair 640-679
  
  Poor Below 640
7. Loan Type:
  
  Purchase Loan
8. Property Tax Rate: Property taxes are generally estimated to be 1.8% of the home's value, but may vary based on your location. Your Loan Officer can help you determine property tax rates in your area.
9. Homeowner’s Insurance: Annual homeowners insurance is typically 0.35% of the home's value but can vary based on insurer.

Your Estimated
Monthly Payment:
$845

Principal & Interest $592
Taxes $150
Insurance $44
PMI $59

Loan Totals:

Purchase Price $150,000
Down Payment $7,500
Total Loan Amount $142,500

Estimated Taxes & Insurance: Property taxes are generally estimated to be 1.2% of the home's value, but may vary based on your location. Annual homeowners insurance is roughly 0.35% of the home's value but can change based on insurer. Your loan specialist can help you determine property tax and insurance rates in your area.

PMI The PMI (Private Mortgage Insurance) is a mortgage lenders' protection in the event of a default. PMI is paid monthly as part of your mortgage payment to the lender. Once a borrower has paid the equivalent of the 20% down payment, PMI can be removed from the monthly mortgage payment.

Estimated Monthly Payment:

$845

See Payment Breakdown

Austin Capital Mortgage

Serving Families Since 1996

We combine ethical lending practices, personalized service, and innovative solutions to redefine what it means to be a mortgage lender.

Contact Information

Phone
+1 512 891 0778

Email
loans@austincapitalmortgage.com

Address
3801 N Capital of Texas Hwy J-180, Austin, TX 78746, USA

Legal and Compliance

NMLS Consumer Access
#1955132

“CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A COMPANY OR A RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV