Current Avg. Rates: 6.46% 30-yr fixed|5.77% 15-yr fixed
Source: Freddie Mac Primary Mortgage Market Survey
Source: Freddie Mac Primary Mortgage Market Survey
Dallas vs Fort Worth: Mortgage Cost Comparison
Thinking about buying in Dallas or Fort Worth? Here's a side-by-side comparison of mortgage costs in both cities.
$2,716
Dallas PITI
$2,413
Fort Worth PITI
$303/mo
Difference
Your Monthly Payment (PITI)
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Principal + Interest + Tax + Insurance
Monthly Breakdown
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Property Tax
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Insurance
Loan Overview
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Total Interest
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Payoff Date
Bi-Weekly Option
? Pay half your monthly payment every two weeks — you'll make 26 half-payments (13 full payments) per year instead of 12
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Bi-Weekly Payment
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Total Interest
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Payoff Date
Dallas vs Fort Worth: Full Mortgage Comparison
Buying a home in Fort Worth is $303/month cheaper based on average home prices and local costs.
| Dallas, TX | Fort Worth, TX | |
|---|---|---|
| Avg. Home Price | $365,000 | $320,000 |
| Down Payment (20%) | $73,000 | $64,000 |
| Loan Amount | $292,000 | $256,000 |
| Property Tax Rate | 1.93% | 1.95% |
| Annual Property Tax | $7,045 | $6,240 |
| Annual Insurance | $3,400 | $3,300 |
| Monthly P&I | $1,846 | $1,618 |
| Monthly PITI | $2,716 | $2,413 |
| Total Interest (30yr) | $372,430 | $326,514 |
What Drives the Difference?
Home prices are the biggest factor — Dallas’s average home costs $45,000 more than Fort Worth’s.
Property taxes also favor Dallas — Fort Worth’s 1.95% rate is higher than Dallas’s 1.93%.
Insurance is $100/year more in Dallas.
Income Needed to Buy
Using the 28% rule (PITI under 28% of gross income):
| Dallas | Fort Worth | |
|---|---|---|
| Monthly PITI | $2,716 | $2,413 |
| Income needed | $116,402 | $103,418 |
Try Your Own Numbers
The calculator above is pre-filled with Dallas’s averages. Adjust the values to match your situation, or try the Fort Worth calculator for Fort Worth-specific numbers.