For Buyers
Mortgage Calculator.
Estimate your monthly payment on a New Braunfels home — principal, interest, taxes, and insurance.
Loan Details
Estimated Monthly Payment
$0
Loan Summary
Estimates only. Actual payment depends on credit, lender, HOA, and other factors. Property tax estimated at 2.2% (Comal County average). Insurance estimated at $1,500/yr.
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Mortgage FAQ
Frequently Asked Questions
Common questions about financing a home in New Braunfels and the Texas Hill Country.
How is the monthly payment calculated?
The calculator uses the standard amortization formula to compute principal and interest. It then adds estimated monthly property tax (based on 2.2% of home value for Comal County) and homeowner's insurance to give you a full PITI payment estimate.
What is the average property tax rate in New Braunfels?
Property tax rates in New Braunfels and Comal County typically range from 1.8% to 2.5% of assessed value, depending on the school district and any special districts. This calculator uses 2.2% as a default estimate. Your actual rate may vary based on location and exemptions.
How much down payment do I need?
Conventional loans typically require 5-20% down. FHA loans can go as low as 3.5%. VA and USDA loans may require no down payment at all. A larger down payment lowers your monthly payment and may help you avoid private mortgage insurance (PMI). Glen can connect you with lenders who offer programs tailored to your situation.
Should I choose a 15-year or 30-year mortgage?
A 15-year mortgage has higher monthly payments but significantly lower total interest. A 30-year mortgage keeps payments manageable and gives you more cash flow flexibility. Use the term buttons above to compare both options side by side. Many New Braunfels buyers choose the 30-year for flexibility, especially with today's rates.
Does this calculator include HOA fees?
No. This calculator estimates principal, interest, taxes, and insurance only. Many New Braunfels communities (especially gated neighborhoods and master-planned developments) have HOA fees that can range from $50 to $500+ per month. Glen can provide HOA details for specific communities you're considering.
How accurate is this estimate?
This gives you a solid ballpark. Your actual payment depends on your credit score, loan type, lender fees, exact tax assessment, insurance quotes, and any PMI. For a precise number, get pre-approved with a lender. Glen works with several trusted local lenders and is happy to make an introduction.