UT Austin · Mortgage examples
What is one year of principal and interest on a $400,000 home near University of Texas at Austin with 20% down?
As of · Published planning benchmarks
Direct answer
At the stored rate benchmark, 12 months of estimated P&I is $24,804. Principal + interest only at 6.71% for 30 years; taxes, homeowners insurance, HOA dues, PMI if applicable, closing costs and other property/loan charges are separate.
$2,067 × 12 = $24,804
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Sources & assumptions
Use the source period and assumptions shown above when comparing these figures with a specific property.