Affordability
You could comfortably carry about $283,572, but a lender would decline at the price you entered. Here is why, and what changes it.
Housing cost is the limit, not your other debts.
Assuming $75,000 income and a $2,700 monthly budget
Front-end DTI caps housing cost at $1,750 a month — the limit a lender applies before your other debts count.
No federal rate buffer applies to a US mortgage. You qualify at the rate you were actually offered.
Housing cost against your income is what limits this ceiling — measured at the 6.66% rate you were actually offered, since no federal rate buffer applies here. Your other debts are not reducing it yet.
An FHA loan allows as little as 3.5% down instead of the conventional minimum modelled here — not modelled on this page: FHA charges its own upfront and annual mortgage insurance premium in place of PMI, and this screen does not compute that figure.
No down payment fixes this: all four are declined at this price. The scenarios page shows how far off each one is.
Above the monthly ceiling you set.
That is the price at which the monthly cost stays inside the ceiling you set — not the price a bank would sign off on.
Texas caps how much a home's appraised value can rise each year once you claim the homestead exemption — but not in your first year, when the appraisal starts at your purchase price.
Texas homeowners insurance tends to run high because of wind and hail exposure. This figure is a statewide average — worth shopping around for your own rate.
Cash needed at closing
Separate from the down payment, and due the same day.
Every line behind that closing-costs figure — transfer tax, legal fees, which credits arrive on the day — is on the closing-costs page, computed from these numbers.
We can tell you what this costs. Tell us what you have and we can tell you whether it is enough.
The distance between what you can carry and what a bank will sign.
Two ceilings, side by side, on the same scale. Your target price sits somewhere between them — or past them both.
You would be comfortable carrying more than a lender will approve. Your limit is the lender, not your comfort.
Both ceilings, derived line by line.
Nothing here is hidden from you. Every figure traces back to an input or a dated rule.
No federal rate buffer applies to a US mortgage. You qualify at the rate you were actually offered.
US mortgages compound monthly.
Housing cost is the limit, not your other debts.
Adjust your numbers
Pre-filled from your city and the dated rules table. Every field is overwritable.
Every figure that carries a sourcing record names where it came from: a dated published source, an estimate we disclose, or nothing at all where nothing is published.
Rules last verified 2026-09-03
Property tax rate from: hctax.net, Jurisdiction Tax Rates (Harris County's four-entity rate page); City of Houston, "Notice of Meeting to Vote on Tax Rate" (TY25, houstontx.gov); Houston ISD, tax-information page (houstonisd.org), adopted 2025-10-15; Houston Community College, truth-in-taxation page (hccs.edu), certified 2025-09-16 (2025 tax year)