Payment-To-Price Calculator

Purchasing Power Calculator — DPA + Seller Concessions + MCC

Purchasing Power Calculator

Enter your monthly budget and cash on hand to see your max home price. Down Payment Assistance, Seller Concessions, and MCC tax credits are factored in automatically — mortgage tax benefits are converted into monthly W-4 dollars.

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Your Inputs

Use Max 2.65% instead (closing costs only)
If OFF, your $ value is used. When cash-bound with payment headroom, up to 2.65% can auto-apply.
Seller concessions (up to 2.65%) can cover closing costs.
Use any one. Priority: $/yr → $/mo → %
Use any one. Priority: $/yr → $/mo → %
Removes property taxes from VA payment calc and sets funding fee to 0. VA allows 100% financing.
Include MCC (auto-disabled by income/price caps)
MI/MIP deductible
Extra cash → higher down pmt
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Results — Incremental mortgage tax benefit beyond standard deduction

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

Conventional

Before W-4 Adjustment
Rate—
APR—
Target Payment$0
Binding Constraint—
Seller Concession$0
Max Price$0
Payment at Max$0
Payment Breakdown
P&I$0
Property Tax$0
Insurance$0
PMI$0
HOA$0
PMI % (annual)—
Effective Down %0%
Cash Used$0
After W-4 — Mortgage Deductions
Target Payment$0
Binding Constraint—
Seller Concession$0
Max Price$0
Payment at Max$0
Payment Breakdown
P&I$0
Property Tax$0
Insurance$0
PMI$0
HOA$0
PMI % (annual)—
Effective Down %0%
Cash Used$0
Monthly W-4 Cashflow $0
Δ Price (after vs before)—

FHA

Before W-4 Adjustment
Rate—
APR—
Target Payment$0
Binding Constraint—
Seller Concession$0
Max Price$0
Payment at Max$0
Payment Breakdown
P&I$0
Property Tax$0
Insurance$0
MIP$0
HOA$0
Effective Down %0%
Cash Used$0
After W-4 — Mortgage Deductions
Target Payment$0
Binding Constraint—
Seller Concession$0
Max Price$0
Payment at Max$0
Payment Breakdown
P&I$0
Property Tax$0
Insurance$0
MIP$0
HOA$0
Effective Down %0%
Cash Used$0
Monthly W-4 Cashflow $0
Δ Price (after vs before)—
2026 Parameters (Austin / Travis County, TX): FHA loan limit: $571,550 · Conforming limit: $832,750 (all TX). Standard deductions: Single $16,100 · MFJ $32,200 · HoH $24,150 (IRS Rev Proc 2025-32, OBBBA). MCC: TSAHC 15% credit rate; requires first-time buyer, income ≤ cap, price ≤ $593,364 (non-targeted Travis Co). Seller concessions capped at 2.65% of price (closing costs only). DPA adds to cash for down payment/closing. VA: 0% down allowed; funding fee financed unless 100% disability; property taxes excluded when disability enabled.
Sources: IRS.gov, HUD FHA limits, FHFA conforming limits, TSAHC income/purchase price limits (eff. May 2025).


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