Texas Mortgage Calculator — Monthly Payment with Property Tax
⚠ Disclaimer: This calculator is for informational and educational purposes only. Results are estimates and do not constitute financial advice. Consult a licensed financial advisor before making any financial decisions.
Pre-filled with Texas averages. Adjust any field for your situation.
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function g(id){return document.getElementById(PFX+’-‘+id);}
function calc(){
var price=parseFloat(g(‘price’).value)||0,down=parseFloat(g(‘down’).value)||0;
var rate=parseFloat(g(‘rate’).value)||0,n=parseInt(g(‘term’).value)||360;
var taxPct=parseFloat(g(‘tax’).value)||0,insYr=parseFloat(g(‘ins’).value)||0,hoa=parseFloat(g(‘hoa’).value)||0;
var loan=price-down;if(loan<=0||price0.8?(loan*0.005/12):0;
var taxMo=(price*taxPct/100)/12,insMo=insYr/12,total=pi+taxMo+insMo+pmi+hoa;
g(‘monthly’).textContent=fmt(total)+’/mo’;g(‘pi’).textContent=fmt(pi);
g(‘taxmo’).textContent=fmt(taxMo);g(‘insmo’).textContent=fmt(insMo);
g(‘pmimo’).textContent=pmi>0?fmt(pmi):’—’;g(‘hoamo’).textContent=fmt(hoa);
g(‘tint’).textContent=fmt((pi*n)-loan);
g(‘note’).textContent=pmi>0?’PMI required (LTV > 80%)’:’✓ No PMI required’;
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window[‘_’+PFX+’Data’]={loan,r,n,pi};
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calc();
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g(‘dpct’).addEventListener(‘input’,function(){syncDown(‘p’);});g(‘dpct’).addEventListener(‘change’,function(){syncDown(‘p’);});
g(‘atbtn’).addEventListener(‘click’,function(){
var w=g(‘atw’),d=window[‘_’+PFX+’Data’];if(!d)return;
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var bal=d.loan,rows=’
‘;}
g(‘at’).innerHTML=rows;w.style.display=’block’;this.textContent=’🔼 Hide Schedule’;
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setTimeout(calc,0);
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$per month (optional)
🤠 Texas Property Tax Note: Texas has one of the highest property tax rates in the US (avg 1.74%). Your annual tax is estimated at $0 — this significantly impacts your monthly payment versus lower-tax states.
(function(){var PFX=’tx’,MARKET=7.0;function n(id){var e=document.getElementById(id);return e?parseFloat(e.value.replace(/[^0-9.]/g,”))||0:0;}function t(id){var e=document.getElementById(id);return e?parseFloat(e.textContent.replace(/[^0-9.]/g,”))||0:0;}window.lmuRec=function(){var price=n(PFX+’-price’),down=n(PFX+’-down’),rate=n(PFX+’-rate’),termEl=document.getElementById(PFX+’-term’),term=termEl?parseInt(termEl.value)||30:30,income=n(‘lmu-income’),monthly=t(PFX+’-monthly’)||t(PFX+’-pi’),tint=t(PFX+’-tint’),pmi=t(PFX+’-pmimo’),rec=document.getElementById(‘lmu-rec’);if(!price||!monthly){if(rec)rec.style.display=’none’;return;}var loan=price-down,ltv=loan>0?(loan/price)*100:100,dti=income>0?(monthly/income)*100:null,intR=loan>0?(tint/loan)*100:null,ltvRisk=ltv>90?2:ltv>80?1:0,dtiRisk=dti!==null?(dti>36?2:dti>28?1:0):0,rateRisk=rate>MARKET+1?2:rate>MARKET?1:0,maxRisk=Math.max(ltvRisk,dtiRisk,rateRisk),bg,vrd,sub;if(maxRisk===0){bg=’#14532d’;vrd=’✅ This Loan Looks Financially Healthy’;sub=’Your numbers are within recommended guidelines. This loan appears manageable.’;}else if(maxRisk===1){bg=’#78350f’;vrd=’⚠️ Proceed With Caution’;sub=’This loan is workable but has risk factors worth watching before you commit.’;}else{bg=’#7f1d1d’;vrd=’🚨 High Financial Risk Detected’;sub=’Your numbers show significant strain. Review the details below carefully before proceeding.’;}document.getElementById(‘lmu-rec-hdr’).style.background=bg;document.getElementById(‘lmu-rec-vrd’).style.color=’#fff’;document.getElementById(‘lmu-rec-vrd’).innerHTML=vrd;document.getElementById(‘lmu-rec-sub’).style.color=’#fff’;document.getElementById(‘lmu-rec-sub’).innerHTML=sub;var metrics=[];metrics.push({l:’Loan-to-Value (LTV)’,v:ltv.toFixed(1)+’%’,n:ltv<=80?'✅ No PMI required':ltv<=90?'⚠️ PMI required':'🚨 Very high LTV',c:ltv<=80?'#166534':ltv<=90?'#92400e':'#991b1b'});if(dti!==null)metrics.push({l:'Debt-to-Income (DTI)',v:dti.toFixed(1)+'%',n:dti<=28?'✅ Healthy (under 28%)':dti<=36?'⚠️ Near 36% limit':'🚨 Exceeds safe limit',c:dti<=28?'#166534':dti<=36?'#92400e':'#991b1b'});metrics.push({l:'Your Interest Rate',v:rate+'%',n:rate<=MARKET?'✅ At/below market avg':'⚠️ Above '+MARKET+'% market avg',c:rate<=MARKET?'#166534':'#92400e'});if(intR!==null)metrics.push({l:'Total Interest vs Loan',v:intR.toFixed(0)+'%',n:intR<60?'✅ Reasonable cost':'⚠️ High long-term cost',c:intR<60?'#166534':'#92400e'});document.getElementById('lmu-rec-mtr').innerHTML=metrics.map(function(m){return'
‘+m.v+’
‘+m.l+’
‘+m.n+’
‘;}).join(”);var ben=[],chl=[];if(down>=price*.2)ben.push(‘No PMI — saves ~$’+Math.round(loan*.008/12)+’/mo’);if(rate<=MARKET)ben.push('Rate at or below 2026 market average');if(dti!==null&&dti<=28)ben.push('DTI under 28% — strong lender profile');if(ltv0)chl.push(‘PMI adds $’+Math.round(pmi)+’/mo until 20% equity’);if(term>=30)chl.push(’30-year term increases total interest paid’);if(rate>MARKET)chl.push(‘Rate above market — shop at least 3 lenders’);if(dti!==null&&dti>28)chl.push(‘DTI above 28% — less monthly cushion’);chl.push(‘Property taxes/insurance can rise over time’);document.getElementById(‘lmu-rec-ben’).innerHTML=’
‘;}).join(”);var tip=”;if(term>=30&&tint>0){tip=’💡 Expert Tip: Switching to a 15-year term could save ~$’+Math.round(tint*.52).toLocaleString()+’ in total interest.’;}else if(ltv>80){tip=’💡 Expert Tip: Increasing down payment to 20% eliminates PMI and may lower your interest rate.’;}else if(dti!==null&&dti>36){tip=’💡 Expert Tip: DTI exceeds 36% — most lenders cap approval at 43%. Consider a smaller loan amount.’;}else{tip=’💡 Expert Tip: One extra payment per year cuts 4–5 years off a 30-year loan and saves tens of thousands in interest.’;}document.getElementById(‘lmu-rec-tip’).innerHTML=tip;rec.style.display=’block’;};window.addEventListener(‘load’,function(){setTimeout(function(){var o=window.calc;window.calc=function(){o&&o.apply(this,arguments);setTimeout(window.lmuRec,60);};},300);});})();
Understanding Your Texas Mortgage Payment
Your Texas mortgage payment includes principal and interest calculated above, plus Texas-specific property taxes (among the highest in the US at ~1.6–2.5% annually) and homeowners insurance. Texas has no state income tax, which partially offsets the higher property tax burden.
What Affects Your Texas Mortgage Payment?
Property Tax Rate — Texas averages 1.6–2.5% property tax annually — one of the highest in the nation. This can add $300–$700/month to your housing costs on a $300,000 home.
No State Income Tax — Texas has no state income tax, giving residents more take-home pay to offset the higher property taxes.
Homestead Exemption — Texas homeowners can apply for a homestead exemption that reduces taxable home value by up to $100,000 for school taxes, lowering your annual tax bill.
HOA Fees — Many Texas communities, especially in Austin, Houston, and Dallas suburbs, have HOA fees ranging from $50–$400/month not included in this calculator.
Flood Insurance — Parts of Texas require separate flood insurance, especially Houston and coastal areas, adding $500–$2,000+ annually.
Texas property taxes are based on the appraised value of your home as determined by your county appraisal district. The average effective rate is around 1.69%, but rates vary significantly by county. A homestead exemption can reduce your taxable value by $40,000 for most taxing units.
Does Texas have mortgage tax?
No. Texas does not have a state mortgage recording tax or intangible tax. Closing costs in Texas typically run 2–5% of the loan amount, covering origination fees, title insurance, appraisal, and other lender fees.
What is the average mortgage payment in Texas?
Based on median home prices in Texas (~$300,000 in 2026) with a 20% down payment and a 7% interest rate on a 30-year loan, the average principal and interest payment is approximately $1,596/month — before taxes and insurance.
Can I get a mortgage in Texas with no down payment?
Yes. VA loans (for veterans) and USDA loans (for rural properties) allow 0% down in Texas. FHA loans require just 3.5% down. Conventional loans can go as low as 3% down for first-time buyers through programs like Fannie Mae HomeReady.
Also try our FHA Loan Calculator — includes full MIP breakdown (upfront + annual) so you know your true FHA monthly cost.
Also try our HELOC Calculator — calculate draw period and repayment period payments with payment shock warning.
How This Texas Mortgage Calculator Works
This Texas mortgage calculator is pre-loaded with Texas’s average property tax rate of 1.60% — among the highest in the nation — and typical homeowners insurance costs. Enter your home price, down payment, and interest rate to see your complete monthly payment including principal, interest, property taxes, and insurance (PITI). The Texas mortgage calculator also includes PMI if your down payment is under 20% and optional HOA dues.
Texas Property Tax: What You Need to Know
Texas has no state income tax, but property taxes are significantly higher than the national average at approximately 1.60%. This means a $400,000 home in Texas costs about $533/month in property taxes alone — a major factor your Texas mortgage calculator automatically includes. Rates vary by county: Harris County (Houston) averages 1.82%, while Travis County (Austin) averages 1.97%. Adjust the tax rate field in this Texas mortgage calculator for your specific county. For official rates, see the Texas Comptroller.
Why is my Texas mortgage payment higher than expected?
Texas’s high property tax rate (avg 1.60%) is usually the cause. This Texas mortgage calculator includes taxes by default — if your payment looks higher than a generic calculator, it’s because most calculators omit taxes. The number from this tool is closer to your real escrow payment.
What is the average mortgage payment in Texas?
Based on Texas’s median home price of approximately $330,000 with 10% down at 7% for 30 years, this Texas mortgage calculator estimates a full PITI payment of approximately $2,650/month including taxes and insurance. Adjust the inputs for your specific city and purchase price.
Does Texas have a homestead exemption that reduces my taxes?
Yes — Texas’s homestead exemption reduces your home’s appraised value by $100,000 for school district taxes. This can lower your effective rate. Use this Texas mortgage calculator to model your payment with and without the exemption by adjusting the property tax rate field. See all tools at our Mortgage Calculator Hub.
Mubashira built LoanMeterUSA to give everyday Americans free, accurate loan and mortgage calculators — no sign-up required. With 5+ years in financial tools and consumer finance education, she ensures every calculator is tested, transparent, and easy to use.
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