Mortgage Calculator
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Mortgage Calculator
Rate pre-filled with the current 30-yr fixed average (6.37% as of April 9, 2026)
Estimated Monthly Payment
$2,708/mo
Mortgage Tips from Judy
Get Pre-Approved First
A pre-approval letter shows sellers you're serious and tells you exactly how much home you can afford. It also locks in your rate for 60–90 days.
Compare Lenders
Even a 0.25% difference in rate can save you tens of thousands over the life of a 30-year loan. Get quotes from at least 3 lenders.
Consider Points
Paying discount points (prepaid interest) at closing can lower your rate. One point = 1% of the loan amount and typically reduces your rate by 0.25%.
Don't Forget Texas Taxes
Texas has no state income tax, but property taxes are higher than the national average. Tarrant County's effective rate is approximately 2.2% — factor this into your budget.
Common Questions
What's included in a monthly mortgage payment?
Your payment typically includes principal (loan repayment), interest, property taxes, and homeowner's insurance — often called PITI. If your down payment is under 20%, you'll also pay private mortgage insurance (PMI).
How much house can I afford?
A common guideline is that your total housing payment should be no more than 28% of your gross monthly income. For a household earning $100,000/year, that's roughly $2,333/month.
Should I choose a 15-year or 30-year loan?
A 15-year loan has higher monthly payments but saves significantly on total interest. A 30-year loan keeps payments lower, giving you more monthly flexibility. Use the calculator above to compare both.
What credit score do I need?
Conventional loans typically require 620+, FHA loans accept 580+ (with 3.5% down), and VA loans have no minimum but lenders prefer 620+. Higher scores get better rates.
Ready to Get Pre-Approved?
I'll connect you with trusted local lenders who offer competitive rates for Fort Worth buyers.
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