Mortgage Calculator for Texas
Estimate your monthly payment in Texas using adjustable example inputs and official housing resources.
Enter Your Loan Details
Defaults are illustrative inputs, not local averages. Replace taxes, insurance and rate with property-specific estimates.
Planning a purchase in Texas
The prefilled price, tax percentage, and interest rate are illustrative inputs, not verified Texas averages or lender quotes. Replace them with the property's price, a local tax estimate, an insurance quote, and your lender's rate.
Use the appraisal district and all taxing units
Texas has no state property tax: local taxing units levy it. Residence homestead exemptions reduce taxable value, and qualifying exemptions are administered through the local appraisal district. Some exemptions are mandatory while others depend on the taxing unit.
For your estimate: Request an estimate that includes the parcel's applicable taxing units and your confirmed exemptions. Convert that annual dollar estimate to Annual Property Tax (%) instead of treating the example percentage as a statewide rate.
Texas Comptroller: property-tax exemptionsTwo TDHCA paths for different buyer histories
TDHCA distinguishes My First Texas Home, aimed at first-time buyers with specified exceptions, from My Choice Texas Home, which does not require first-time buyer status. Both offer mortgage and assistance options through participating lenders.
For your estimate: Check the current program's income and property requirements with a participating lender. Compare the offered first-mortgage rate and assistance repayment terms together; do not subtract unapproved assistance from the calculator's loan amount.
TDHCA: Texas Homebuyer Program optionsLocal guidance reviewed . Confirm eligibility, funding and property-specific costs directly before making a decision.
Using local estimates in this tool
The tax field multiplies the home's price by a percentage. If your assessor estimates an annual tax bill, divide that bill by the entered home price and multiply by 100. Do not enter an assessment ratio or millage directly. For example, an illustrative $4,800 annual bill on a $400,000 price corresponds to 1.2%; these are not local averages.
This payment includes principal, interest, property tax and home insurance. Budget mortgage insurance, HOA dues, maintenance and closing costs separately.
Official resources and next steps
HUD housing and homeownership resources for Texas provides further counseling and housing contacts.
For FHA financing, use HUD's county and unit-count lookup. Select Texas, the property's county, the calendar year, and the number of units. The 2026 national one-unit floor of $541,287 is a baseline, not a determination of the limit for every county in Texas.
HUD directory reviewed 2026-09-25. HUD state directory. Local figures are not represented as verified statistics.
Amortization Schedule
| Year | Principal Paid | Interest Paid | Tax Paid | Insurance Paid | Balance |
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How to Use This Mortgage Calculator in Texas
Enter the price of the property you are considering in Texas, then adjust the down payment and rate. The payment combines principal, interest, property tax, and insurance. It does not include HOA dues, maintenance, or mortgage insurance.
For example, at the illustrative price of $315,000 and 6% down, the base loan is $296,100. These are calculation examples, not a statement about prices or typical buyers in Texas.
Compare the same home under different rates and down payments. A lower monthly payment from a longer term can still mean more lifetime interest. Confirm taxes and insurance for the property before relying on the estimate.