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 Houston: Mortgage Cost Comparison
Thinking about buying in Dallas or Houston? Here's a side-by-side comparison of mortgage costs in both cities.
$2,716
Dallas PITI
$2,350
Houston PITI
$366/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 Houston: Full Mortgage Comparison
Buying a home in Houston is $366/month cheaper based on average home prices and local costs.
| Dallas, TX | Houston, TX | |
|---|---|---|
| Avg. Home Price | $365,000 | $310,000 |
| Down Payment (20%) | $73,000 | $62,000 |
| Loan Amount | $292,000 | $248,000 |
| Property Tax Rate | 1.93% | 1.9% |
| Annual Property Tax | $7,045 | $5,890 |
| Annual Insurance | $3,400 | $3,500 |
| Monthly P&I | $1,846 | $1,568 |
| Monthly PITI | $2,716 | $2,350 |
| Total Interest (30yr) | $372,430 | $316,310 |
What Drives the Difference?
Home prices are the biggest factor — Dallas’s average home costs $55,000 more than Houston’s.
Property taxes also favor Houston — Dallas’s 1.93% rate is higher than Houston’s 1.9%.
Insurance is $100/year more in Houston.
Income Needed to Buy
Using the 28% rule (PITI under 28% of gross income):
| Dallas | Houston | |
|---|---|---|
| Monthly PITI | $2,716 | $2,350 |
| Income needed | $116,402 | $100,716 |
Try Your Own Numbers
The calculator above is pre-filled with Dallas’s averages. Adjust the values to match your situation, or try the Houston calculator for Houston-specific numbers.