Mortgage Calculator
Estimate your monthly mortgage payment including taxes, insurance, HOA fees, and PMI.
For estimation purposes only. Actual loan costs may vary.
Loan Details
Based on current market rates
Taxes & Insurance
Annual
Annual
Additional Fees
Applied when down payment < 20%
Location
Used for local tax & insurance estimates
Estimated Monthly Payment
$2,780
Compare rates from multiple lenders
Dashboard
Affordability Insights
Key financial metrics based on your current scenario to help you plan ahead.
Recommended Income
$119,143/yr
Based on 28% housing ratio
Target DTI Ratio
≤ 36%
Recommended debt-to-income
Upfront Cash Needed
$97,750
Down payment + ~3% closing costs
5-Year Cost Snapshot
$166,800
Total payments over 60 months
Quick Start
Explore Common Scenarios
See estimated payments for typical homebuying situations across different price ranges.
Starter Home
First-Time BuyerEst. Monthly Payment
$2,087/mo
Move-Up Home
Est. Monthly Payment
$2,846/mo
Higher-End Home
PremiumEst. Monthly Payment
$4,198/mo
Mortgage Costs in Texas
Property tax rates, insurance costs, and estimated monthly payments for Texas homebuyers.
Median Home Price
$340,000
+4.2% YoY
Avg. Property Tax Rate
1.50%
Above national avg.
Avg. Home Insurance
$2,400/yr
Varies by county
Texas has no state income tax, but property tax rates are among the highest in the nation, averaging 1.50% compared to the national average of 0.99%. Homeowners should budget accordingly when estimating monthly mortgage costs. Rates vary significantly by county — Harris County averages 2.03% while Collin County averages 1.81%.
Data sourced from Texas Comptroller of Public Accounts. Updated April 2026.
Local Payment Comparison
| Scenario | Home Price | Annual Tax | Insurance | Est. Payment |
|---|---|---|---|---|
| Starter | $285,000 | $4,275 | $2,200 | $1,950/mo |
| Median | $340,000 | $5,100 | $2,400 | $2,320/mo |
| Above Median | $475,000 | $7,125 | $2,800 | $3,240/mo |
Frequently Asked Questions
Common questions about mortgages and our calculator.
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Try itSarah Mitchell, CFP®
Certified Financial Planner · 12+ years in mortgage lending
Content reviewed for accuracy and compliance
Important Disclaimer
This calculator provides estimates only and is not a commitment to lend. Results are based on the information you provide and may not reflect all costs associated with obtaining a mortgage.
Rates, taxes, insurance premiums, and fees vary by lender, location, and individual borrower qualifications. Consult a licensed mortgage professional for exact loan terms and personalized advice.