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Mortgage Calculator &
Closing Costs: Abilene, TX

Mortgage payment estimates, closing cost breakdowns, and homebuying data for Abilene, Texas.

Median Home Price
$185K
Population
125K
Avg Monthly Rent
$950
Property Tax Rate
1.8%
Abilene vs Texas Median
The median home price in Abilene is $185,000, which is 40% below the Texas state median of $310,000.

Mortgage Calculator — Abilene, TX

Pre-filled with Abilene median home price and Texas tax/insurance rates. Adjust for your property.

$
$37,000
%
%
years
TX avg
%
$
Monthly Payment (PITI)
$1,530
Principal + Interest + Tax + Insurance + PMI
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Principal & Interest
$935
per month
Taxes & Insurance
$595
per month
Total Interest Paid
$189K
over 30 years
Total Loan Cost
$337K
all payments
Payment Breakdown
Loan Amount$148,000
Principal & Interest$935
Property Taxes$278
Homeowners Insurance$317
Total Monthly PITI$1,530

Closing Costs — Abilene, TX

Estimated closing costs based on Texas rates and fees applied to Abilene prices.

$
%
Texas: Avg closing costs 1.7% of price. Transfer tax: 0%.
Estimated Closing Costs
$10,675
5.8% of purchase price
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Lender Fees
$1,757
origination, underwriting
Third-Party
$2,375
appraisal, title, inspection
Government Fees
$0
transfer taxes, recording
Prepaids + Escrow
$6,543
taxes, insurance, interest
Itemized Costs
Loan Origination (0.8%)$1,332
Underwriting Fee$350
Credit Report$75
Appraisal$550
Home Inspection$450
Title Search + Insurance$1,225
Recording Fee$150
Prepaid Taxes (3 mo)$833
Prepaid Insurance (12 mo)$3,800
Prepaid Interest (15 days)$445
Escrow Reserves$1,466
Total Closing Costs$10,675

Buying a Home in Abilene, Texas

The median home price in Abilene is $185,000, 40% below the Texas state median of $310,000. With a population of 125,182, Abilene is a mid-size city where home prices tend to be more accessible than in many parts of Texas.

Property taxes in Texas average 1.8% annually. This higher-than-average tax rate means a $185,000 home in Abilene would carry roughly $278/month in property taxes alone — plan accordingly. Homeowners insurance in Texas runs approximately $3,800 per year. Insurance costs are notably high — factor this into your monthly budget.

Average rent in Abilene is $950/month. The price-to-rent ratio in Abilene is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.

Abilene offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Texas's TDHCA My First Texas Home program.

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