Estimate your monthly payment
Mortgage Calculator
Estimate your monthly mortgage payment and understand the breakdown of your housing costs.
Additional costs (monthly)
Monthly payment
$3,512
Note:
This calculator provides estimates only. Actual payments may vary. Contact Mali for accurate payment calculations and pre-approval assistance.
Frequently asked
What does PITI include?
PITI = Principal, Interest, Taxes, and Insurance. It's the total monthly housing payment a lender uses to qualify you. Texas property tax is steep (2.0–2.7% effective), so PITI is often 30–40% larger than P&I alone.
When am I required to pay PMI?
Private Mortgage Insurance is typically required when you put less than 20% down on a conventional loan. We add ~0.5% annually to the loan balance until you cross 20% equity, then PMI drops off automatically.
Is this calculator accurate enough to make a decision?
It's accurate for planning. Real lender quotes vary by credit score, loan type (conventional, FHA, VA, jumbo), points, and lender fees. Use this to budget, then get a real Loan Estimate from a lender Mali can introduce you to.
Need lender introductions?
Mali partners with North Texas lenders who specialize in conventional, FHA, VA, and jumbo financing.