Tax-Adjusted Purchasing power

Purchasing Power — DPA + Seller Concessions + MCC Caps

See Your Max Price in Seconds - Enter Your Monthly Budget & Cash on Hand

Down Payment Assistance and MCC can improve purchasing power. We convert **mortgage tax benefits** into monthly W-4 dollars.

If OFF: your $ value is used. If cash bound with payment headroom, we can auto-apply up to 2.65%.
Tip: Seller concessions (up to 2.65%) can cover closing costs.
Use any ONE. Priority: $/yr → $/mo → %.
Use any ONE. Priority: $/yr → $/mo → %.

Results -Estimates the incremental mortgage-related tax benefit beyond your standard deduction.

Pre-W-4 Budget
$2,500
Conv W-4 Monthly Cashflow
+ $0
FHA W-4 Monthly Cashflow
+ $0

Conventional

Rate Used—
Target Payment (Pre)$0
Binding Constraint (Pre)—
Seller Concession Applied$0
Max Price (Before)$0
Payment at Max$0
PI (Pre)$0
Property Tax (Pre)$0
Insurance (Pre)$0
MI (Pre)$0
HOA (Pre)$0
PMI % (annual)—
Effective Down %0%
Cash Used (after DPA)$0
Target Payment (Post — mortgage-only)$0
Binding Constraint (Post)—
Seller Concession Applied$0
Max Price (After — mortgage deductions only)$0
Payment at Max (mortgage-only)$0
PI (Post)$0
Property Tax (Post)$0
Insurance (Post)$0
MI (Post)$0
HOA (Post)$0
PMI % (annual)—
Effective Down %0%
Cash Used (after DPA)$0
Monthly W-4 Tax Cashflow $0
Δ Price (mortgage-only vs before)—

FHA

Rate Used—
Target Payment (Pre)$0
Binding Constraint (Pre)—
Seller Concession Applied$0
Max Price (Before)$0
Payment at Max$0
PI (Pre)$0
Property Tax (Pre)$0
Insurance (Pre)$0
MIP (Pre)$0
HOA (Pre)$0
Effective Down %0%
Cash Used (after DPA)$0
Target Payment (Post — mortgage-only)$0
Binding Constraint (Post)—
Seller Concession Applied$0
Max Price (After — mortgage deductions only)$0
Payment at Max (mortgage-only)$0
PI (Post)$0
Property Tax (Post)$0
Insurance (Post)$0
MIP (Post)$0
HOA (Post)$0
Effective Down %0%
Cash Used (after DPA)$0
Monthly W-4 Tax Cashflow $0
Δ Price (mortgage-only vs before)—
Notes: Seller concessions are capped at 2.65% of price and apply to closing costs only. DPA adds to cash for down payment. MCC applies only if income is under the cap and max price ≤ $593,363. When a tax/insurance annual or monthly override is entered, it replaces the %.


Interactive calculators are self-help tools. All examples are hypothetical and for illustrative purposes only.

E. Lee Smith

Branch Manager

RMLO

NMLS: 436498

512-948-6550

[email protected]

E. Lee Smith

Branch Manager

RMLO

NMLS: 436498

512-948-6550

Branch: Canopy Mortgage - TLC Group - 13809 Research Blvd, Ste 500, Austin, TX 78750 | Office #512-598-9093 | NMLSConsumerAccess.org #: 1359687 | Equal Housing Lender -All loans subject to credit and property approval.


Consumers wishing to file a complaint against a banker or a residential mortgage loan originator should complete and send a complaint form to the Texas department of savings and mortgage lending, 2601 North Lamar, suite 201, Austin, Texas 78705. Complaint forms and instructions may be obtained from the department’s website at www.sml.texas.gov. A toll-free consumer hotline is available at 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at www.sml.texas.gov. State Licenses page, Privacy Policy, and Terms of Use