Mortgage Calculator

Texas Mortgage Calculator

The true cost of owning a home in Texas includes property tax at 1.49%, homeowners insurance averaging $4,250/year, and no state transfer tax, plus PMI if your down payment is under 20 percent.

Current 30 year fixed, conventional: 6.85% · as of October 10, 2026

Start from a preset:

Your home

Home price

State median: $283,800

Down payment

Loan term Shorter term = higher payment, less total interest

Your loan

Loan type Not sure? Compare loan types →

Interest rate

Live FRED 30yr fixed: 6.85%

Monthly extras

Property tax rate

Texas average: 1.49%

Home insurance

State average: $4,250/yr

HOA fees

Leave 0 if no HOA

Your monthly payment

—

Payment breakdown

Principal & interest—

Property tax—

Home insurance—

PMI—

MIP (FHA/USDA)—

HOA—

Loan summary

Loan amount—

Down payment—

Total interest—

Loan payoff—

At closing

Texas closing costs

No state transfer tax. Texas buyers skip one of the bigger closing-day fees that hits buyers in high-cost states.

No state transfer tax. Texas funds local services primarily through property tax (one of the highest effective rates nationally), but offers $100,000 school homestead exemption (SB 2 reforms 2023-2026).

Compare

Other South states

Same calculator, different numbers. Pick one to see how Texas's costs compare.