UT Austin · Mortgage math

What is one year of principal and interest on the current median-priced home near University of Texas at Austin with 20% down?

As of · Published planning benchmarks

Direct answer

Twelve months of estimated principal + interest is $34,848. 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.

$2,904 × 12 = $34,848
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Sources & assumptions

Use the source period and assumptions shown above when comparing these figures with a specific property.