Texas Mortgage Calculator
Estimate your monthly mortgage payment in Texas based on the state median home price of $310K, a 1.8% property tax rate, and $4K/year homeowners insurance.
$62,000
TX avg
Principal & Interest
$1,568
per month
Taxes & Insurance
$782
per month
Total Interest Paid
$316K
over 30 years
Total Loan Cost
$564K
all payments
Payment Breakdown
Loan Amount$248,000
Principal & Interest$1,568
Property Taxes$465
Homeowners Insurance$317
Total Monthly PITI$2,350
Texas Housing at a Glance
Median Home Price
$310K
Texas statewide
Property Tax Rate
1.8%
$465/mo on median
Avg Closing Costs
$5K
1.7% of purchase price
Homeowners Insurance
$3,800/yr
$317/mo
Texas First-Time Buyer Program
TDHCA My First Texas Home
Down payment assistance: Up to 5% DPA grant