Texas Mortgage Calculator

Use our mortgage calculator to determine your monthly mortgage payment. Estimate your taxes and insurance for a more accurate payment calculation. Enter amounts in the fields below and press Calculate Now to give you an estimated monthly mortgage payment.
Years:
Interest:
Loan Amount:
Annual Tax:
Annual Insurance:
Monthly Principle + Interest
Monthly Tax
Monthly Insurance
Total Payment

Now that the Texas mortgage calculator has helped you determine your mortgage payment amount, apply today! LonestarFinancing.com offers mortgage loans of all types. Mortgage refinance, consolidate debt, or refinance or home equity loans. Low rates, Low fees. We offer the highest quality personal service to each of our clients.

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When does it make sense to refinance? Usually people refinance to save money, either by obtaining a lower interest rate or by reducing the term of the loan. Refinancing is also a way to convert an adjustable loan to a fixed loan or to consolidate debts. The decision to refinance can be difficult, since there are several reasons to refinance. However, if you are looking to save money, try this calculation:

  1. Calculate the total cost of the refinance
  2. Calculate the monthly savings
  3. Divide the total cost of the refinance (#1) by the monthly savings (#2). This is the "break even" time. If you own the house longer than this, you will save money by refinancing.