How to use the Texas Mortgage calculator
- Enter your numbers. Fill in home price, down payment, down payment %, interest rate, loan term.
- Enter taxes, insurance & fees details. Fill in property tax / yr, home insurance / yr, HOA / month, PMI rate.
- Read your results. Results update instantly. The headline shows the estimated monthly payment; the breakdown and table below show the details.
Texas property taxes
Homeowners in Texas pay an average effective property tax rate of 1.36% of home value, #7 highest among the 50 states and DC and above the middle state (0.77%). On a $400,000 home that’s about $5,440 a year.
Texas has no state income tax and relies heavily on local property taxes, so its effective rate is well above the national middle. A homestead exemption lowers the taxable value of a primary residence for school district taxes, and homeowners 65 or older or disabled get additional exemptions and a school tax ceiling.
2026 loan limits in Texas
- Conforming (Fannie Mae/Freddie Mac): $832,750 for one unit, higher in designated high-cost counties up to $1,249,125. Larger loans are jumbo loans.
- FHA: $541,287 to $1,249,125 depending on county. See the FHA loan calculator.
Example monthly payments in Texas
| Home price | Principal & interest | Property tax / mo | Total with $125/mo insurance |
|---|---|---|---|
| $250,000 | $1,264 | $283 | $1,672 |
| $400,000 | $2,023 | $453 | $2,601 |
| $600,000 | $3,034 | $680 | $3,839 |
20% down, 6.5% fixed for 30 years, no PMI or HOA. The interest rate is an example; use a current quote.
Worked example
With these inputs: home price $400,000; down payment $80,000; down payment % 20%; interest rate 6.5%; loan term 30y; property tax / yr $5,440; home insurance / yr $1,500; PMI rate (if under 20% down) 0.5%.
The calculator gives an estimated monthly payment of $2,601. Other results: loan amount $320,000, total interest $408,142, total of P&I payments $728,142, payoff date Oct 2056.
What your results mean
The payment includes principal and interest plus Texas property tax (preset to $5,440 a year, the statewide 1.36% average on a $400,000 home), insurance and any PMI or HOA. Replace the tax with your county’s figure for a closer estimate.
Tips
- Look up your county assessor’s rate; Texas rates vary widely by location.
- Get homeowners insurance quotes; the $1,500 default is only an example, not a state average.
- Compare other states: Utah, Vermont, Virginia, Washington.
Frequently asked questions
What is the property tax rate in Texas?
The average effective rate on owner-occupied homes is about 1.36% of home value (2023 Census ACS data via the Tax Foundation), ranking #7 highest of 50 states and DC. Rates vary by county and city.
What is the monthly payment on a $400,000 house in Texas?
About $2,601 a month with 20% down at 6.5% for 30 years: $2,023 principal and interest, $453 property tax and $125 insurance (example insurance amount).
What is the 2026 conforming loan limit in Texas?
$832,750 for a one-unit home in most counties, up to $1,249,125 in designated high-cost areas.
What is the FHA loan limit in Texas for 2026?
Between $541,287 (floor) and $1,249,125 (high-cost ceiling) for a one-unit home, depending on the county.
How much is property tax on a $300,000 home in Texas?
About $4,080 a year ($340 a month) at the statewide average effective rate.
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