Texas Mortgage Calculator

Estimate your monthly mortgage payment in Texas with real local figures built in. This calculator starts from Texas's approximate median home price of $310,000, its average effective property tax rate of 1.68%, and a typical Texas home-insurance premium of about $4,900/yr — adjust any field, then see your full PITI payment, amortization chart, and payoff schedule.

Texas home costs at a glance

These are approximate, sourced state figures to give your estimate a realistic starting point. They are averages, not quotes — confirm exact numbers for your county, home, and lender.

• Median home price: approximately $310,000 (typical home value, mid-2025) — Zillow Home Value Index
• Effective property tax rate: about 1.68% of home value per year (pre-filled into the calculator)
• Average homeowners insurance: about $4,900/yr — state average for ~$400k dwelling coverage — NerdWallet
• First-time buyers: Texas Department of Housing & Community Affairs (TDHCA) offers My First Texas Home, Texas's flagship first-time-homebuyer program.

Figures are approximate and for education only — not financial advice. Median home value from the Zillow Home Value Index (mid-2025); average homeowners insurance from NerdWallet; first-time-buyer program from Texas Department of Housing & Community Affairs (TDHCA). Property-tax and insurance costs vary widely by county, home, and carrier.

Frequently asked questions

What is the median home price in Texas?

As of mid-2025 the typical home value in Texas is approximately $310,000, based on the Zillow Home Value Index. This calculator pre-fills that as the home price so your estimate starts from a realistic Texas figure — adjust it to the home you have in mind.

What is the average property tax rate in Texas?

Texas's average effective property tax rate is about 1.68% of a home's value per year. This calculator pre-fills that rate, and you can change it to match your county or a specific home.

How much is homeowners insurance in Texas?

The average annual homeowners insurance premium in Texas is roughly $4,900 for a policy with about $400,000 of dwelling coverage, per NerdWallet's state data. Your actual premium depends on the home, its location and age, and your carrier — this is a state average, not a quote.

Is there first-time homebuyer help in Texas?

Yes. Texas Department of Housing & Community Affairs (TDHCA) runs Texas's main first-time-buyer program, My First Texas Home, which can pair a below-market mortgage with down-payment assistance for eligible buyers. Check eligibility and current terms on the agency's official site.

How is my monthly payment calculated?

From your Texas home price, down payment, interest rate and term, plus property tax, homeowners insurance, and PMI if you put down less than 20%. Everything updates live as you type.