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Mortgage Payment Calculator

How Much Monthly Payment Can You Afford?

There are many online calculators available to help consumers determine how much monthly mortgage payment they may be able to afford. An easy guideline to follow is the 43% rule; your total monthly debt should stay below 43% of your gross income. This is called the debt-to-income ratio or DTI. To quickly estimate what a consumer can potentially afford, you need three basic numbers: Gross Income, Maximum Debt and Monthly Debt.

Gross Income

1st: Calculate your maximum debt based on your target DTI

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Debts

2nd: Subtract your monthly debt from your maximum debt to calculate your maximum monthly mortgage payment.

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We have helped more than 26,000 El Paso families realize their dream of HOMEOWNERSHIP.

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Contact Us
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We have helped more than 26,000 El Paso families realize their dream of HOME OWNERSHIP.

Get a FREE Consultation

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Texas Mortgage Banker Consumer Disclosure: PURSUANT TO THE REQUIREMENTS OF SECTION 157.007 OF THE MORTGAGE BANKER REGISTRATION AND RESIDENTIAL MORTGAGE LOAN ORIGINATOR ACT, CHAPTER 157, TEXAS FINANCE CODE, YOU ARE HEREBY NOTIFIED OF THE FOLLOWING: CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE, SIGN AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE DOWNLOADED AND PRINTED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEB SITE AT WWW.SML.TEXAS.GOV.

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CALL US TODAY (915) 593-3111

Physical Address:

2244 Trawood Suite 100
El Paso TX 79935

Loan Payment Address

Payments are accepted at our Trawood branch only.

2244 Trawood Suite 100
El Paso TX 79935

Office Hours:

Monday – Friday: 8am – 5:00pm
Saturday – Sunday: Closed

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