Texas Mortgage Calculator
Estimate your monthly mortgage payment including taxes and insurance.
- Free
- No signup required
- Updated for 2026
Use our free Texas mortgage calculator to estimate your monthly payment including principal, interest, property taxes, and insurance. See a full amortization schedule and compare different loan terms. Rates vary by county; we use a statewide average for estimates.
Loan details
Rates vary by county. This is an estimated statewide average.
Monthly payment
$2,329.23
- Principal & interest$1,719.23
- Property tax$510.00
- Insurance$100.00
Loan amount: $272,000 · Total interest: $346,921
Monthly breakdown
Amortization schedule
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $1,719.23 | $245.89 | $1,473.33 | $271,754.11 |
| 2 | $1,719.23 | $247.22 | $1,472.00 | $271,506.88 |
| 3 | $1,719.23 | $248.56 | $1,470.66 | $271,258.32 |
| 4 | $1,719.23 | $249.91 | $1,469.32 | $271,008.41 |
| 5 | $1,719.23 | $251.26 | $1,467.96 | $270,757.15 |
| 6 | $1,719.23 | $252.62 | $1,466.60 | $270,504.53 |
| 7 | $1,719.23 | $253.99 | $1,465.23 | $270,250.53 |
| 8 | $1,719.23 | $255.37 | $1,463.86 | $269,995.17 |
| 9 | $1,719.23 | $256.75 | $1,462.47 | $269,738.41 |
| 10 | $1,719.23 | $258.14 | $1,461.08 | $269,480.27 |
| 11 | $1,719.23 | $259.54 | $1,459.68 | $269,220.73 |
| 12 | $1,719.23 | $260.95 | $1,458.28 | $268,959.79 |
| 13 | $1,719.23 | $262.36 | $1,456.87 | $268,697.43 |
| 14 | $1,719.23 | $263.78 | $1,455.44 | $268,433.65 |
| 15 | $1,719.23 | $265.21 | $1,454.02 | $268,168.44 |
| 16 | $1,719.23 | $266.65 | $1,452.58 | $267,901.79 |
| 17 | $1,719.23 | $268.09 | $1,451.13 | $267,633.70 |
| 18 | $1,719.23 | $269.54 | $1,449.68 | $267,364.16 |
| 19 | $1,719.23 | $271.00 | $1,448.22 | $267,093.16 |
| 20 | $1,719.23 | $272.47 | $1,446.75 | $266,820.69 |
| 21 | $1,719.23 | $273.95 | $1,445.28 | $266,546.74 |
| 22 | $1,719.23 | $275.43 | $1,443.79 | $266,271.31 |
| 23 | $1,719.23 | $276.92 | $1,442.30 | $265,994.39 |
| 24 | $1,719.23 | $278.42 | $1,440.80 | $265,715.96 |
Showing rows 1–24 of 360
Frequently asked questions
Property tax rates in Texas vary by county. This calculator uses a statewide average as the default; you can change the rate in the form. Check your county assessor for exact rates.
Enter your home price, down payment, interest rate, and loan term. We pre-fill Texas's typical property tax rate. Add your annual insurance and any HOA fees. The calculator shows your total monthly payment and a full amortization schedule.
Principal and interest are calculated with the standard amortization formula. Property tax and insurance are estimates. This tool is for planning only and does not constitute financial advice.
Texas Mortgage Overview
Texas has no state income tax, but property taxes tend to be higher than in many other states. The effective rate often falls in the 1.6%–2.0% range, so monthly property tax is a significant part of your payment. Use this calculator to see how Texas property tax affects your total monthly mortgage cost.
Average Property Tax in Texas
Property tax in Texas is set at the local level (county, city, school district). There is no state property tax. Rates vary by county; we use a statewide average for the calculator default. You can adjust the rate to match your county or a conservative estimate.
No State Income Tax
Because Texas does not levy state income tax, some residents find it easier to allocate more of their budget to housing. Still, the higher property tax means your monthly housing cost can be similar to or higher than in states with income tax. Running different scenarios in the calculator helps you plan.
Tips for Texas Buyers
- Get a quote from your county appraisal district for a more accurate tax estimate.
- Homeowners insurance can be costly in areas prone to storms or hail; use a realistic annual figure.
- Consider a 15- or 20-year term if you want to pay less total interest; the calculator shows total interest over the life of the loan.
- Add HOA fees if you are looking at a condo or planned community.
This calculator provides estimates only. For exact figures, consult a licensed lender and your local tax authority.