Plug in a price and a down payment. We'll break the "scary number" into plain buckets so you walk in knowing what you'll actually need — no surprises on closing day.
Edit any field. Defaults are typical Texas ranges — your lender's Loan Estimate is the real source of truth.
Paid before closing. Earnest & option are typically credited back to you at closing.
Heads up: earnest money and the option fee are usually applied toward your cash to close — so you're not paying twice. Inspection & appraisal are typically separate costs.
Most payment tools show you principal and interest and call it a day. In Northwest Houston that's the number that gets people in trouble — taxes and MUD dues can add more than the loan itself does. This one shows you all of it: principal, interest, taxes, insurance. The whole PITI.
Every number here is yours to set. We don't set, quote, or predict interest rates — your lender does that.
◆ Metro Realty Partners is a brokerage, not a lender. We don't quote rates. Enter the rate from your lender, your pre-approval, or a what-if number you want to test.
Taxes, insurance and dues ride along in your payment every month.
Pull the exact rate off the listing or the county appraisal district — HCAD for Harris, MCAD for Montgomery. MUD districts swing this hard in Spring, Tomball and Cypress, and two houses on the same street can land in different ones. Call Alfred for this 😉
Your insurance agent's quote. Windstorm and flood coverage, where they apply, are usually separate.
Commonly applies under 20% down. Your lender confirms whether it applies and what it costs — we can't calculate it for you.
Annual dues ÷ 12. Some communities bill quarterly — divide it out first.
At the end of the day: the payment is what you qualify on, but the term is what it costs you. Shorter terms raise the monthly and shrink that interest number — worth running both before you sign anything.
This is a math tool, not a loan offer. Metro Realty Partners (legal name: Metro Realty Partners Group), operating under eXp Realty, LLC, is a licensed Texas real estate brokerage. We are not a mortgage lender, loan originator, appraiser, or financial advisor. We do not set, quote, predict, or negotiate interest rates.
The interest rate is yours. This page never supplies, suggests, or defaults a rate. Whatever appears in the calculation is the figure you typed in. Rates change daily and vary by lender, loan program, credit profile, property type, and lock period.
Every output is an illustrative estimate. Nothing here is an offer, quote, commitment to lend, or guarantee of financing, loan approval, payment amount, or savings. Only a licensed lender can give you real numbers, and only their Loan Estimate and Closing Disclosure govern.
Taxes, insurance and dues are estimates too. Texas property tax rates vary by county, city, school district, and MUD, and they get reassessed. Insurance depends on the property and your carrier. Mortgage insurance is determined by your lender. Verify each one at the source before you rely on it.
Equal Housing Opportunity. Need a lender introduction? Ask and we'll connect you with licensed lenders who can quote you properly — the choice of lender is always yours.
Tap to expand. These are the same terms your lender and title company will use.
Money at the closing table
Your stake in the home, paid at closing. Loan programs range from 0% (VA/USDA, if eligible) to 20%+. Lower down payments are common for first-time and new-construction buyers.
Fees to finalize the loan and purchase — lender, title, recording, and more. Often 2–4% of the price, and sometimes partly covered by builder or seller credits.
Money set aside up front for property taxes and homeowner's insurance, so those big annual bills get paid on time from a monthly-funded account.
A good-faith deposit when you go under contract. It's held in escrow and credited toward your costs at closing when you follow the contract.
In Texas, a small fee that buys you a set number of days to inspect and back out for almost any reason — your early "escape hatch." Usually credited at closing.
Money a builder, seller, or lender contributes toward your closing costs or rate. These directly lower the cash you bring — and stacking them is what we do.
Money every month after
Principal, Interest, Taxes, Insurance — the four pieces of a normal monthly mortgage payment. When a lender says "your payment," this is usually what they mean. Ask which one they're quoting, because P&I alone can be a thousand dollars lighter than the real thing.
The loan half of the payment. Principal pays down what you borrowed; interest is what the lender charges to lend it. Early on, most of the check goes to interest — that flips slowly over the years.
Texas funds its schools and services through property tax, and out here a MUD district can ride on top of that. Two houses a street apart can carry very different bills. The listing or the county appraisal district has the real number — never assume the one next door applies.
Required by your lender and collected monthly into escrow. Windstorm and flood coverage are usually written separately where they apply, so a single quote may not be the whole picture.
Protects the lender, not you, and commonly applies when you put less than 20% down. Whether it applies, what it costs, and when it can come off are all lender decisions — we can't calculate or promise any of it.
The account your servicer uses to hold the tax and insurance portion of each payment, then pays those bills when they come due. Different from the earnest-money escrow at title. When taxes get reassessed, this is why your payment changes.
The term is how many years you're scheduled to pay. Amortization is the schedule itself — the math that splits every payment between interest and principal. A 15-year term raises the monthly and cuts the lifetime interest dramatically; worth running both.
The rate drives your payment. The APR folds certain loan costs in, so it's the better number for comparing two lenders' offers side by side. We don't set or quote either one — that's your lender's job, and it's worth getting more than one.
Send me a property or a price range and I'll pressure-test the real cash to close — and hunt the credits that shrink it.