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  1. United States
  2. Best Mortgage Brokers
  3. Mortgage Brokers in Texas
  4. Plano
  5. Mortgage Affordability Calculator
1 · Your income
2 · Down payment
3 · What you can afford
Step 1 of 3

Mortgage Affordability Calculator Plano, TX

How much house can you afford in Plano? See your maximum price, monthly payment and pre-approval estimate. Free, instant, no credit check.

Updated · current rates and lending limits

Add your partner's income if you're buying together.

Car loans, credit cards, lines of credit, student loans. Not rent.

Property tax are for this state.

An estimate, not a mortgage approval or pre-approval. A mortgage broker confirms your real number.

Top-rated mortgage brokers in Plano

Ranked by TrustAnalytica from verified reviews · see the full Top 10 list →

1

Premier Nationwide Lending

Premier Nationwide Lending specializes in handling complex refinancing and home purchase transactions with a focus on clear communication and efficiency. The team guides clients through every step, often attending closings to address questions and ensure a smooth process. Customers appreciate their professionalism and responsiveness, though experiences may vary with individual agents.

Services & Prices
Home Loan Refinance Quoted per loan
Cash-Out Refinance Quoted per loan
Streamline Refinance Quoted per loan
Conventional Loans Quoted per loan
View Profile
(972) 537-0600
Closed Now
6201 W Plano Pkwy Ste 100, Plano, TX 75093
General Services
Refinancing
2

The Richard Woodward Team Nexa Mortgage

With over 20 years of experience, The Richard Woodward Team Nexa Mortgage focuses on simplifying the home loan process across several states. They offer a wide range of mortgage options including purchase loans, refinancing, and specialized programs like Doctor Home Loans and renovation loans. Clients appreciate their clear communication and knowledgeable guidance throughout the process.

Services & Prices
Home Loan Quoted per loan
Refinancing Quoted per loan
Pre-Approval Quoted per loan
First-Time Buyer Programs Quoted per loan
View Profile
(214) 945-1066
Closed Now
7820 Hague Ct, Plano, TX 75025
General Services
Mortgage Services
3

Aspire Mortgage Advisors

Aspire Mortgage Advisors focuses on building long-term relationships, aiming to be a lifelong lending partner with over 25 years of combined experience. They offer personalized mortgage solutions through local loan officers who guide clients step-by-step. While some customers mention communication challenges and delays, others appreciate the attentive service and support throughout the process.

Services & Prices
Refinancing Assistance Quoted per loan
View Profile
(214) 563-3368
Closed Now
3608 Preston Rd Ste 200, Plano, TX 75093
General Services
Mortgage Services
4

Prime Choice Lending.

Accredited by the Better Business Bureau with an A+ rating, Prime Choice Lending offers personalized mortgage solutions for home purchases and refinancing. Their experienced team negotiates with multiple lenders to find competitive rates and guides clients through the loan process. While many appreciate their clear explanations and fast turnaround, some mention occasional communication challenges.

View Profile
(972) 402-8480
Closed Now
400 Chisholm Pl #406, Plano, TX 75075
5

Willow Bend Mortgage Company, (#117371) - Plano

Willow Bend Mortgage blends advanced technology with personalized support to simplify the home loan process. They offer a range of loan options including conventional, FHA, VA, jumbo, renovation, and reverse mortgages, guiding clients from application to closing. While many appreciate their responsiveness and expertise, some have noted concerns about transparency during closing.

View Profile
(972) 818-1666
Closed Now
5800 W Plano Pkwy Ste #105, Plano, TX 75093
Where they are 10 on the map Click a pin for the profile and directions
6

H2 Lending LLC

Known for clear communication and personalized guidance, H2 Lending LLC helps clients navigate the mortgage process with ease. Specializing in first-time homebuyer support and refinancing, the team offers competitive rates and a streamlined online application. Customers appreciate their responsiveness and thorough explanations, though some find the initial steps challenging before getting started.

View Profile
(214) 991-2933
Closed Now
1721 W Plano Pkwy Ste 221, Plano, TX 75075
7

Home Loans by Texas Best Loan Officer

Home Loans by Texas Best Loan Officer operates as a mortgage broker, helping clients find competitive rates without lender fees. The team offers a range of loan options including FHA, VA, and Jumbo loans, guiding homebuyers and refinancers through a streamlined process. Customers appreciate their responsiveness and clear communication throughout the loan journey.

View Profile
(214) 532-4770
Closed Now
1920 Jubilee Rd, Plano, TX 75093
8

Elevate Home Mortgage

Known for guiding first-time homebuyers through every step, Elevate Home Mortgage offers refinancing, loan options, and assistance with homestead exemptions. The team is praised for clear communication and accommodating clients’ schedules, though some find the process takes time due to thoroughness. Their support helps make complex steps easier to navigate.

Services & Prices
Home Purchase Loans Quoted per loan
Refinancing Loans Quoted per loan
Homestead Exemption Assistance Quoted per loan
Credit Score Assessment $30 - $60
View Profile
(817) 583-0986
Closed Now
101 E Park Blvd Ste 600, Plano, TX 75074
General Services
Home Loan Services
9

Jack Cooper Mortgage

Known for patient communication and extra effort, Jack Cooper Mortgage offers a range of loan options including home purchase, refinance, and bridge loans. Clients appreciate the clear guidance and quick processing, though the personalized attention may mean working closely through each step of the application.

View Profile
(214) 354-7891
Open 9:00 AM - 9:00 PM
1400 Preston Rd #290, Plano, TX 75093
10

Mortgage Loan Officer

Known for guiding clients through complex situations, this mortgage loan officer helps with home loans, refinancing, and HELOCs. The team is responsive and clear in their explanations, making the process straightforward. Customers appreciate their professionalism and community presence, though some note the process can be challenging depending on individual circumstances.

View Profile
Open 10:00 AM - 10:00 PM
2901 Dallas Pkwy #100, Plano, TX 75093

Plano Mortgage Statistics

Home-purchase lending in Collin County and home costs in Plano, TX (latest HMDA and Census data)

Lenders made 19,913 home-purchase loans in Collin County in 2025 (average about $458,000) and denied 2,341 — 11% of decided applications, compared with 19% across Texas, according to federal mortgage data (HMDA, CFPB). In Plano, the median home is worth $465,900 and 60% of owners have a mortgage, paying a median $2,723 a month (Census ACS 2020–2024).

Home-purchase loans, 2025
19,913▼ 5%20,927 in 2024
Denial rate
11%TX 19%
Median home value
$465,900TX $283,800
Monthly cost with a mortgage
$2,723median · TX $2,106
Refinance loans made (Collin County, 2025)
8,903 · 5,394 in 2024
Home-improvement loans made (2025)
1,025
Average home-purchase loan
$458,000 (TX $364,000)
Owners with a mortgage
60% · 27% of them spend 30%+ of income on housing
Median household income
$112,253 (TX $78,476)

Source: CFPB / FFIEC Home Mortgage Disclosure Act (HMDA) data, 2024–2025 loan applications in Collin County (originated vs denied); home values and costs: U.S. Census Bureau ACS 2020–2024. Compiled by TrustAnalytica.

Plano Mortgage Brokers stats: 10 businesses compared side by side · updated
# Business Rating Reviews Starting price Phone Website
1 Premier Nationwide Lending 5.0 723 Quoted per loan (972) 537-0600 Visit
2 The Richard Woodward Team Nexa Mortgage 5.0 348 Quoted per loan (214) 945-1066 Visit
3 Aspire Mortgage Advisors 4.8 216 Quoted per loan (214) 563-3368 Visit
4 Prime Choice Lending. 4.5 221 — (972) 402-8480 Visit
5 Willow Bend Mortgage Company, (#117371) - Plano 4.8 136 — (972) 818-1666 Visit
6 H2 Lending LLC 5.0 126 — (214) 991-2933 Visit
7 Home Loans by Texas Best Loan Officer 4.9 121 — (214) 532-4770 Visit
8 Elevate Home Mortgage 5.0 112 $30 (817) 583-0986 Visit
9 Jack Cooper Mortgage 5.0 95 — (214) 354-7891 Visit
10 Mortgage Loan Officer 5.0 29 — — —

How this Plano mortgage affordability calculator works

Lenders look at your debt-to-income ratio. Housing costs (principal and interest, property tax, homeowners insurance and mortgage insurance) should stay under about 31% of your gross monthly income, and housing plus your other monthly debts under 43%. The calculator finds the highest home price that passes both tests with your down payment, on a 30-year fixed loan.

Texas rules and numbers this calculator uses

Debt-to-income
31% for housing and 43% total, the FHA standard and the long-time Qualified Mortgage limit. Some conventional loans go higher with strong credit and savings.
Down payment
At least 3% on a conventional first-time buyer loan (3.5% on FHA). Under 20% down, private mortgage insurance of about 0.6% of the loan a year is added to the payment.
Property tax
About 1.25% of the home's value a year, the Texas average for owner-occupied homes (2024 Census ACS).
Insurance
Homeowners insurance assumed at $150 a month; it varies a lot by home and location.
Rate
Starts at 7.40% (Freddie Mac 30-year average, October 2026). Change it to the rate you have been quoted.

An estimate, not a mortgage approval or pre-approval. Your credit, income type, the property and the lender all change the answer; a mortgage broker confirms your real number. Sources: Freddie Mac Primary Mortgage Market Survey (October 2026), U.S. Census Bureau American Community Survey 2024 property tax data, FHA and CFPB debt-to-income guidance.

Frequently asked questions

9 questions
How does the mortgage affordability calculator work?
It estimates the highest home price you can qualify for based on income, debts, down payment, interest rate, and first-time buyer status.
How accurate is the mortgage affordability estimate?
The calculator provides a general estimate. A pre-approval confirms the real number after verifying income, debts, credit, and down payment.
What is the debt-to-income ratio limit for mortgages?
Lenders typically cap housing costs at 31% and total debt payments at 43% of gross monthly income.
What is the minimum down payment for a mortgage in Texas?
First-time buyers need at least 3% down for conventional loans and 3.5% for FHA loans. VA and USDA loans may allow 0% down.
How does PMI affect my mortgage?
With less than 20% down, PMI is added, about 0.6% of the loan yearly. It can usually be removed when the balance is below 80% of the home's value.
How do interest rates impact how much house I can afford?
Higher rates increase monthly payments, reducing the home price you can afford. Rates start at 7.40% in this calculator.
How do debts affect my mortgage qualification?
Higher monthly debt payments reduce the mortgage amount you can qualify for, as lenders cap total debt payments.
What is the property tax rate in Plano, Texas?
Property tax is about 1.25% of the home's value annually in Texas, based on the 2024 average for owner-occupied homes.
What's the difference between pre-approval and pre-qualification?
Pre-approval involves verifying financial details and gives a confirmed loan amount. Pre-qualification is an initial estimate based on unverified information.

General information, not financial advice — consult a qualified professional.