Mortgage consultation
TTEXAS TRUST MORTGAGE
Loan Option Comparison
Compare three mortgage scenarios side by side — monthly payment, cash to close, and income needed to qualify.
LEGEND
Yellow + blue = you enter
White + black = calculated
Shared assumptions — enter once, applies to all three options
Assumptions & disclaimer
Estimates only — not a Loan Estimate, approval, commitment, or offer to lend. Actual figures come from underwriting.
FHA upfront MIP (1.75% of loan) and the VA funding fee are modeled as cash paid at closing. Both may instead be financed into the loan, which would lower cash to close and raise the monthly payment.
VA funding fee assumes first use and non-exempt status: under 5% down = 2.15%, 5%–9.99% = 1.50%, 10%+ = 1.25% of the loan.
Conventional PMI applies only under 20% down. FHA MIP generally lasts the life of the loan at under 10% down. VA and Non-QM carry no monthly mortgage insurance here.
PMI, MIP, and closing-cost rates in Shared Assumptions are typical defaults — replace them with your actual quoted figures.
Texas Trust Mortgage · texastrustmortgage.com
FHA upfront MIP (1.75% of loan) and the VA funding fee are modeled as cash paid at closing. Both may instead be financed into the loan, which would lower cash to close and raise the monthly payment.
VA funding fee assumes first use and non-exempt status: under 5% down = 2.15%, 5%–9.99% = 1.50%, 10%+ = 1.25% of the loan.
Conventional PMI applies only under 20% down. FHA MIP generally lasts the life of the loan at under 10% down. VA and Non-QM carry no monthly mortgage insurance here.
PMI, MIP, and closing-cost rates in Shared Assumptions are typical defaults — replace them with your actual quoted figures.
Texas Trust Mortgage · texastrustmortgage.com