Tax-Adjusted Purchasing power

Purchasing Power — Sidebar Comparison (Income Brackets + Auto MCC)

Purchasing Power — Before vs After W-4

Income-based marginal bracket selector with filing status, automatic MCC shutoff if income > $133,800, and extra cash to close raising the down payment.

Buyer Inputs

Max Monthly Budget

Available Cash to Close

Filing Status

Household Income (annual)

Marginal Tax Bracket (auto from income — you can override)

Property Tax % (of price / year)

Insurance % (of price / year)

HOA (monthly)

Closing Costs % (of price)

Conventional Rate %

Conventional Min Down %

Conv PMI (annual, % of loan)

Term (years)

FHA Rate %

FHA Min Down %

FHA UFMIP %

FHA Annual MIP %

Include MCC (auto-disabled if income > $133,800)

MI/MIP deductible

Use extra cash to raise down payment

Illustration only — not tax/lending advice

Results

Pre-W-4 Budget

$2,500

W-4 Monthly Cashflow

+ $0

Post-W-4 Budget

$2,500

Conventional

Max Price (Before)$0

Payment at Max$0

Effective Down %0%

Cash Used$0

Max Price (After)$0

Payment at Max$0

Effective Down %0%

Cash Used$0

Δ Price—

FHA

Max Price (Before)$0

Payment at Max$0

Effective Down %0%

Cash Used$0

Max Price (After)$0

Payment at Max$0

Effective Down %0%

Cash Used$0

Δ Price—

Benefit ≈ (Interest + Property Tax + (MI/MIP if allowed)) × marginal rate + MCC credit. Monthly W-4 = annual benefit ÷ 12.

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

Esmith@canopymortgage.com

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