Texas Mortgage Calculator
Texas has no state income tax but one of the highest property tax rates in the country — about 1.83% effective.
Texas is the only state without a state income tax, so homeowners shoulder more of the public-finance burden through property taxes. Combined with the highest average homeowners-insurance premiums in the US (driven by hail and hurricane exposure), a Texas PITI payment is typically 30-40% higher than the national average for an equivalent loan. Most Texas buyers use a conventional conforming loan; VA loans are also common near military bases.
Mortgage Calculator
How Mortgage Calculations Work
Loan Amount
We calculate the principal by subtracting your down payment from the home price.
Monthly Payment
Using the loan amount, interest rate, and term, we calculate your fixed monthly payment.
Amortization
Each payment is split between principal and interest, with early payments going more toward interest.
What factors affect your mortgage payment?
- Home Price: The total purchase price of your property
- Down Payment: Large down payments reduce your loan amount and monthly payment
- Interest Rate: Higher rates mean higher monthly payments and more total interest
- Loan Term: Longer terms have lower monthly payments but more total interest
Texas Mortgage: Median-Priced Home Example
| Item | Value | Notes |
|---|---|---|
| Median home value | $380,000 | Zillow ZHVI Q2 2026 |
| Loan (80% LTV) | $304,000 | 20% down avoids PMI |
| P&I (6.5% / 30yr) | $1,921/mo | 2026 baseline conforming rate |
| Property tax | $580/mo | 1.83% effective rate |
| Homeowners insurance | $308/mo | $3,700/yr (Hail, hurricane, and windstorm exposure push premiums above national average.) |
| Total PITI | $2,809/mo | All-in monthly housing cost |
| Conforming loan limit | $832,750 | FHFA 2026 baseline |
Numbers are illustrative. Your rate, taxes, and insurance vary by county, credit score, and exact property. Use the calculator above to model your scenario.
Texas Sources & References
- Texas Department of Revenue / Tax Foundation: effective residential property-tax rate of 1.83%. taxfoundation.org
- Insurance Information Institute (III): average annual homeowners-insurance premium of $3,700 in Texas. iii.org
- Zillow ZHVI Q2 2026: Texas median home value $380,000.
- Federal Housing Finance Agency (FHFA): 2026 conforming loan limit of $832,750 for Texas. fhfa.gov
- FEMA National Risk Index: hail, hurricane, and windstorm exposure push premiums above national average. hazards.fema.gov
Frequently asked questions about Texas state mortgage
What is the current property tax rate in Texas?
Texas has an effective residential property tax rate of 1.83%. Property taxes in Texas are assessed at the county level and fund local services including schools, infrastructure, and emergency services.
What is the median home value in Texas?
The median home value in Texas is $380,000 as of Q2 2026 (Zillow ZHVI). This is the baseline used in the calculator above.
What is the conforming loan limit in Texas?
The 2026 baseline conforming loan limit in Texas is $832,750 per the Federal Housing Finance Agency (FHFA). High-cost counties may have higher limits (up to $1,249,125).
How much is homeowners insurance in Texas?
Average annual homeowners insurance in Texas is $3,700 (Insurance Information Institute). Factors include hail, hurricane, and windstorm exposure push premiums above national average., crime rates, and replacement cost.
What credit score do I need for a mortgage in Texas?
Most Texas lenders require a minimum FICO of 620 for conventional loans, 580 for FHA loans, and 740+ for the best rates. The calculator above assumes a 6.5% rate for a qualified borrower.
Related mortgage searches for Texas
These are common Texas-specific mortgage questions answered by the calculator above. Use it to model your scenario.
Editorial standards
Every CalcCentral calculator is authored by a credentialed subject-matter expert and independently reviewed before publication. Our editorial policy follows the same E-E-A-T guidelines used by Google to evaluate YMYL (your-money-or-your-life) pages.
Author
Maya Chen, CFA
Chartered Financial Analyst
Independently reviewed
Dr. Aaron Pak, PhD
Doctor of Kinesiology & Public Health
Last reviewed: August 12, 2026 · Next scheduled review: quarterly
Verified accuracy
Cross-checked against authoritative formulas (IRS, NIST, ACSM) and updated for 2025/2026 tax years and rates.
Instant results
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Learn as you calculate
Each calculator includes the formula, plain-English explanation, and FAQs so you understand the result.
Estimates only. Calculator results are for educational and planning purposes — not professional advice. For binding decisions on taxes, investments, health, or legal matters, consult a qualified professional.
Mortgage calculators for other states
Every state has unique property-tax rates, insurance costs, and conforming loan limits. See how your state compares: