Texas Mortgage Plan · A d/b/a of Legacy Mortgage, NMLS #1759275
Texas 50(a)(6) Cash-Out Calculator
See how much equity you may be able to access under Texas's constitutional home equity rules — and what it would look like as a new monthly payment.
Equal Housing Lender
Draw Up Your Equity Picture
This applies to your primary residence (homestead) only.
Your Home & Existing Debt
$400,000
$250,000
$0
Must be paid off at closing — only one home equity loan is allowed at a time in Texas
New Loan Terms
6.99%
Estimate only — ask us for today's live rate
Cash You Want
$0
Capped by Texas's 80% loan-to-value rule
Maximum Cash You May Be Able to Access
$0
Based on Texas's constitutional 80% loan-to-value limit — the law that keeps at least 20% equity in your home no matter what.
Your existing balances already exceed 80% of your home's value. Texas law won't allow a home equity loan until your loan-to-value drops below 80% — talk to us about your options.
Current LTV
0%
Max Loan (80% Rule)
$0
Available Equity
$0
Your Scenario — New Loan Summary
New Loan Amount
Payoff + 2nd lien + cash out
$0
New Loan-to-Value
Must stay at or below 80%
0%
Lender Fee Cap (2%)
Excludes appraisal, title, survey & third-party costs
$0
Estimated New P&I Payment
Principal & interest only
$0
Cash to You at Closing$0
Where You'd Land on the 80% Ceiling
Texas law will not allow your new loan-to-value to cross 80% — this shows how much room your scenario uses.
80% cap
0%
0%100%
Comfortable room
Approaching the cap
Not permitted in Texas
Adjust the sliders to see how your numbers change.
The Texas Rules That Apply to Every 50(a)(6) Loan
- 80% LTV Your total home debt can never exceed 80% of your home's value — this is written into the Texas Constitution, not just a lender policy.
- 2% Fee Cap Lender-controlled fees (origination, underwriting, processing) can't exceed 2% of the loan amount. Third-party costs like appraisal, title insurance, and survey fees aren't included in that cap.
- 12-Day Wait You must receive your disclosure and wait at least 12 days before closing — Texas builds in a mandatory shopping window.
- 12-Month Rule Only one cash-out transaction per homestead every 12 months, even if a prior loan is fully paid off.
- Homestead Only This applies to your primary residence — not a second home or investment property.
- In Person Closing must happen at a lender's office, attorney's office, or title company — no remote or kitchen-table signings.
Want your full monthly payment — including taxes, insurance, and HOA — not just principal & interest? Try our Home Affordability Calculator to see the complete picture.
Every Homestead's Numbers Are Different
This is an estimate based on the rules — your actual approved amount depends on your appraisal, credit profile, and lender guidelines. Tell us a bit about your plans and Elizabeth or Shea will personally follow up.
Get Pre-QualifiedElizabeth Rose (CDLP · NMLS# 252686) and Shea Patton (Realtor · NMLS# 251397) both review new inquiries personally.
Texas Mortgage Plan is a d/b/a of Legacy Mortgage, NMLS #1759275 · Equal Housing Lender
This calculator provides estimates for educational purposes only, based on the general rules of Texas Constitution Article XVI, Section 50(a)(6). It is not a loan approval, pre-qualification, or commitment to lend. Actual loan amounts depend on appraised value, credit profile, existing liens, and lender guidelines. Contact Texas Mortgage Plan for a personalized assessment.
This calculator provides estimates for educational purposes only, based on the general rules of Texas Constitution Article XVI, Section 50(a)(6). It is not a loan approval, pre-qualification, or commitment to lend. Actual loan amounts depend on appraised value, credit profile, existing liens, and lender guidelines. Contact Texas Mortgage Plan for a personalized assessment.