Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Oklahoma and Texas. Updated for 2026.
Oklahoma wins 5 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $210K and lower overall costs, Oklahoma offers meaningful savings compared to Texas. Both states offer first-time buyer programs — explore the state pages for full details.
Estimated PITI payments assuming 10% down, 6.5% rate, 30-year fixed mortgage with PMI.
The monthly payment difference is $934/month — that’s $11,208/year or $336K over the life of a 30-year loan. Buying in Oklahoma is the more affordable option based on median home prices with identical loan terms.
Based on the 28% debt-to-income rule — your monthly housing payment should not exceed 28% of gross monthly income.
To afford the median home in Texas, you need a household income of approximately $114K/year. In Oklahoma, you need $74K/year — less by $40K/year. That $40K income gap means Oklahoma is accessible to a significantly wider range of households.
Oklahoma offers meaningfully lower home prices than Texas, with median prices running 32% less ($100K difference). This gap translates to both a smaller loan and lower monthly payments. First-time buyers priced out of Texas may find Oklahoma far more accessible, particularly when combined with local down payment assistance programs.
Oklahoma has a moderate property tax advantage at 0.88% versus Texas's 1.8%. While the rate gap of 0.92% may seem small, it translates to an annual difference of approximately $3,732 when applied to each state's median home price. Over a typical homeownership period of 7-10 years, that adds up to $30K in savings.
Both states offer down payment assistance for first-time buyers. Oklahoma's OHFA Homebuyer DPA provides Up to 3.5% DPA, while Texas's TDHCA My First Texas Home offers Up to 5% DPA grant. These programs can significantly reduce your upfront costs and make homeownership accessible even if you haven't saved a full 20% down payment. Check eligibility requirements on each state's housing finance agency website — income limits and purchase price caps apply.
The bottom line: Oklahoma homes cost $100K less than Texas on average. That translates to roughly $934 less per month in total housing costs if you choose Oklahoma. For most buyers, this price gap is the single biggest factor — it affects your loan size, monthly payment, and how quickly you build equity.