Tax Calculators

Estimate your refund and plan your tax strategy with our free tools

Tax Refund Estimator

Tax preparation office

Get a quick estimate of your federal tax refund or amount owed based on your income and deductions.

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Taxable Income

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Estimated Tax

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Tax Bracket Breakdown
BracketRateTaxable AmountTax

Withholding Calculator

Make sure your employer is withholding the right amount from each paycheck.

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Tax Tips
  • The 2025 standard deduction is $15,000 (single) or $30,000 (married)
  • Child Tax Credit is $2,000 per qualifying child
  • Texas has no state income tax
  • Don't forget to claim education credits
  • Self-employed? Deduct half of self-employment tax
Related Resources

Loan Eligibility Quick Check

Answer a few questions to estimate what loan amount you may qualify for.

For estimation purposes only. Consult a licensed professional.

Step 1: Your Annual Income
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30-Year vs. 15-Year Loan Comparison

Compare how loan term affects total cost on a $280,000 loan.

Feature30-Year Fixed15-Year FixedDifference
Typical Rate (2025)~6.85%~6.15%Save 0.70%
Monthly Payment$1,838$2,381+$543/mo
Total Interest$381,727$148,545Save $233,182
Equity After 5 Years~12%~26%Build equity 2x faster

For estimation purposes only. Consult a licensed professional.

Texas Loan & Homebuying Advantages

No State Income Tax

Texas has no state income tax — one of only 9 states. More of your income is available for loan payments, savings, and down payments.

TSAHC Down Payment Help

Texas State Affordable Housing Corp (TSAHC) offers up to 5% in down payment assistance grants — free money you don't repay. Available for FHA, VA, USDA, and conventional loans.

Learn More
TDHCA First-Time Buyer Programs

Texas Department of Housing offers below-market mortgage rates and 5% DPA for first-time buyers (or those who haven't owned in 3 years). Statewide through participating lenders.

Learn More

Loan FAQ

Most lenders use a debt-to-income (DTI) ratio of 43% as the maximum. This means your total monthly debt payments (including the new loan) should not exceed 43% of your gross monthly income. For a $75,000 annual income ($6,250/month), your maximum total debt payment would be about $2,688/month. Use our eligibility quiz above for a personalized estimate.

FHA loans: 500 minimum (580 for 3.5% down), Conventional: 620+ recommended (740+ for best rates), VA loans: No official minimum but typically 580–620, Personal loans: Varies widely by lender, but 660+ typical for good rates. A higher credit score means lower interest rates and can save you tens of thousands over the loan term.

Key factors: 1) Improve credit score — pay bills on time, reduce credit card balances below 30% utilization, dispute errors. 2) Lower DTI — pay off existing debts before applying. 3) Stable income — lenders want 2+ years of employment history. 4) Save a larger down payment — 20% eliminates PMI and shows financial discipline. 5) Avoid new credit inquiries — don't open new accounts 6 months before applying.

Loan Education Articles

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