A Mortgage Calculator Made for Austin Texas
Real estate in Austin is booming. Over the past 10 years, prices have appreciated by nearly 150%, far outpacing the national average. And as of January 2018, this doesn’t show any signs of slowing down. And since median rent is approaching $1,700 a month, you’re probably thinking of buying. We’ve taken our most popular and robust calculator, and tailored it to the Austin Market. All of the presets assume the city’s median prices. However, feel free to change anything you like to see how the calculator adjusts to your personal needs.
Median Real Estate Prices In Austin Texas:
Property Taxes: $2,200
- Home Value : $317,864
- Rent: $1,662
- 10 Year Appreciation: 148%
- 10 Year annualized Appreciation Rate: 5%
- Current Appreciation Rate: 9.8%
- Home Owners Insurance: $175
- Interest Rate: 5.1%
How The Calculator Works
Our ultimate calculator looks at multiple elements to find out your monthly mortgage payment and how much you can expect to pay over the life of the loan. It takes into account your home value loan term, mortgage rates, private mortgage insurance and homeowners insurance and more.The idea is simple, when you decide to buy a home, there will be no surprises. Whether it’s a 30-year fixed rate mortgage, or a 15 year with PMI, you’ll know exactly what you’re getting into before you start.
All you need to do is look up your insurance rates, interest rates and maybe even your property taxes. And that’s only if you don’t like our presets!