Buying a Home in Plano, TX
A mature market where most buyers are moving up, which means the sale and the purchase have to be sequenced as one transaction.
What matters here specifically
- Equity from a current home changes the down payment tier — and with it, both the rate and the mortgage insurance.
- Sequencing matters: how you time the sale determines whether you need bridge financing or not.
- At 20%+ down, the contribution ceiling opens to 6%, which changes what the program can do.
Start with the payment
The calculator below is pre-set to a Plano starting point — a place to begin, not a market statistic. Change it to whatever you’re actually considering, and verify the property tax rate by address before you write an offer. In this metro, two houses at the same price can carry meaningfully different payments purely because of which taxing entities they sit inside.
Where should the benefit go?
Assumptions — edit any of these
On Auto, conventional mortgage insurance is estimated
from a built-in premium grid by credit range and loan-to-value, and FHA uses the factors above. Those are
illustrative approximations — the live rate card is in src/data/mi-rates.js. Override any
single file with your actual quote using the
% / yr or $ / mo control. Credit-tier rate adjustments and interested-party
contribution ceilings are applied automatically from the loan program, credit range, and loan-to-value.
Interest rate and buydown cost come from the loaded wholesale rate sheet: the base price at each rate for
your lock period, plus the loan-level price adjustments for credit, LTV, occupancy and loan size. The rate
shown is par — the cheapest rate that costs you nothing — and a buydown walks down that same
ladder for whatever the benefit actually pays for. Commission is negotiable and not set by law; the figures
above are placeholders for illustration, not an offer.
Next
If the payment is the constraint, start with how to lower your mortgage payment. If the cash at closing is the constraint, start with how to reduce your cash to close. If you’re not sure which, that’s a fifteen-minute conversation.
Thinking about Plano?
Send the monthly number you’re comfortable with and I’ll come back with a purchase range, a loan program comparison, and what the BuyBorrow Advantage™ benefit looks like on your file.