Texas Mortgage Calculator

Estimate your full Texas monthly payment — principal and interest, property tax, homeowners insurance, mortgage insurance and HOA or MUD costs — with Texas defaults.

  • 1 Estimate your payment
  • 2 Check down payment help
  • 3 Understand rate locks

    • The short answer

    A Texas mortgage payment includes principal and interest plus property tax, homeowners insurance, mortgage insurance with less than 20% down, and any HOA dues. Texas has no state income tax, but property taxes are among the highest in the country — often around 1.6%–2.2% of value depending on the county, city, school district and any MUD. A homestead exemption lowers the taxable value of your primary home.

    Estimate your Texas payment

    Estimated monthly payment

    $3,103

    Principal & interest

    $2,133

    Property tax

    $563

    Home insurance

    $267

    Mortgage insurance (est.)

    $141

    HOA / district

    $0

    Loan amount

    $337,500

    Down payment

    $37,500

    Estimate only. The interest rate is an example you can change — it is not a quote. Taxes, insurance and mortgage insurance are planning defaults.

    Texas payment tips

  • Use about 1.6%–2.2% for property tax, and check for MUD or PID taxes on newer homes.
  • File your homestead exemption after closing to lower your taxable value.
  • Get insurance and flood-zone information early, especially near the Gulf Coast.
  • Budget from the full payment, not just principal and interest — escrow is a big share in Texas.

    • Want amortization and PMI detail? Try the full mortgage calculator.

    Texas questions

    How much is property tax in Texas?

    Effective rates often run about 1.6%–2.2% of value, depending on the county, city, school district and any MUD or PID. Texas has no state income tax, which is part of why property taxes are higher.

    What is a MUD tax in Texas?

    A Municipal Utility District tax funds water, sewer and drainage in many newer suburban neighborhoods. It's added to your property tax bill, so include it in your payment estimate.

    Does the calculator include mortgage insurance?

    Yes. With less than 20% down it adds an estimated monthly mortgage insurance amount. Your actual cost depends on credit score, loan type and down payment.

    Next step

    Check down payment help in Texas

    Keep exploring

    First-time buyers in Texas

    Programs, credit minimums and steps.

    Mortgage pre-approval guide

    What lenders verify and how long it takes.

    The home buying process

    All 8 steps from search to closing.

    Closing costs explained

    What you'll pay at closing and why.