The question everyone asks first
What’s my payment?
Slide the numbers around. This one defaults to real Fort Bend County property taxes (MUD included), so the estimate is closer to reality than the national calculators. Then text Trey and he’ll turn the estimate into an actual number.
Your scenario
PMI is included because the down payment is under 20%. Move the slider to 20% and it drops off.
Estimated monthly payment
$0
Principal, interest, taxes, insurance
- Principal & interest $0
- Property taxes $0
- Insurance $0
- PMI $0
- HOA $0
Loan amount
$0
Down payment cash
$0
Life-of-loan interest
$0
Calculator results are estimates for illustrative and educational purposes only, are not a quote, rate lock, pre-qualification or pre-approval, and accuracy is not guaranteed. The interest rate shown is a sample for illustration, not an offer or an APR. Actual rates, payments, taxes (including MUD and school district taxes), insurance and mortgage insurance vary by scenario and property. Contact Trey for figures specific to your situation.
Calculator questions
Why the Fort Bend number looks the way it does
Why does my estimated payment in Missouri City look high?
Texas has no state income tax, so property taxes carry more of the load. In Fort Bend County the county, school district, city and Municipal Utility District (MUD) taxes stack to an effective rate that commonly lands between 2% and 2.6%. This calculator defaults to 2.3% so the estimate reflects what Sienna and Riverstone homeowners actually pay; most national calculators assume around 1%.
What is a MUD tax?
A Municipal Utility District is a special district that financed the water, sewer and drainage infrastructure for a master-planned community and repays it through an additional property tax. Most newer Fort Bend communities — Sienna, Riverstone, Aliana, Harvest Green — carry a MUD tax. It is already reflected in the effective tax rate on the tax bill for the specific home.
What is PMI and when does it apply?
Private mortgage insurance applies to most conventional loans with less than 20% down. This calculator estimates it at 0.5% of the loan amount per year and removes it automatically once the down payment reaches 20%.
Is this calculator a quote or pre-approval?
No. It is an educational estimate only. For real figures, text Trey Jordan at 254-760-8121 or apply through Fairway’s secure application.
Want the real number instead of the estimate?
Text Trey the address. He’ll pull the actual tax bill, get you an insurance quote, and give you a payment you can plan around.