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
Texas Mortgage Calculator
Calculate your estimated mortgage payment for a home in Texas. Pre-filled with Texas's average home price of $340,000, property tax rate of 1.8%, and typical insurance costs.
$340,000
Avg. Home Price
1.8%
Property Tax Rate
$3,200
Avg. Annual Insurance
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
Texas Mortgage at a Glance
| Average home price | $340,000 |
| Property tax rate | 1.8% ($6,120/year) |
| Average insurance | $3,200/year |
| Est. monthly PITI | $2,496 (20% down, 6.5%) |
| Total interest (30yr) | $346,921 |
| Income needed (28% rule) | $106,967/year |
Texas has no state income tax but compensates with the 6th-highest property tax rate (1.8%) and above-average insurance costs ($3,200/year), both of which significantly increase monthly PITI payments.
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