Mortgage Calculator for Texas
Pre-filled with Texas's average home price of $320000, property tax rate of 1.74%, and average insurance of $2200/year. Adjust any value below.
1 Loan Details
2 Monthly Costs (Texas averages pre-filled)
Include PMI
Required when down payment < 20%
Estimated Monthly Payment
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Enter your loan details to see your payment
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Total Interest Paid
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Over loan lifetime
Total Cost
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Principal + interest
Loan Amount
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Amount financed
Down Payment
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Of home price
Monthly Payment Breakdown
Balance Over Time
Rate Comparison
How your payment changes with different interest rates
| Rate Scenario | Monthly P&I | Total Interest |
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| Enter loan details above to see rate scenarios | ||
Amortization Schedule
Full month-by-month payment breakdown
| Month | Year | Payment | Principal | Interest | Balance |
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Texas Housing Market
Texas has no state income tax but offsets this with some of the highest property tax rates in the country — averaging 1.7–2.0% of assessed value annually. This significantly impacts total monthly housing costs.
Affordability in Texas
Texas home prices remain more affordable than coastal markets, but high property taxes can add $400–$600/month to your payment. Austin has seen dramatic price appreciation since 2020, now among the most expensive Texas markets.
Key Markets
Mortgage Calculator by State
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