Calculate your monthly mortgage payment in Texas. Pre-filled with Texas's median home price of $300,000 and an average property tax rate of 1.8%.
Est. Monthly Payment
$2,339
Principal & Interest
$1,764
Property Tax / mo
$450
Total Interest Paid
$364,967
| Home Price | $300,000 | Median home price in Texas (2025) |
| Down Payment | 10% ($30,000) | Typical down payment percentage |
| Loan Amount | $270,000 | Home price minus down payment |
| Interest Rate | 6.82% | Approximate 30-year fixed rate (2025 avg) |
| Loan Term | 30 years | Most common mortgage term |
| Property Tax | 1.8% / year | Texas average effective rate |
| Home Insurance | 0.5% / year | Approximate annual premium |
TDHCA My First Texas Home, Texas Mortgage Credit Certificate
Cost of living: Moderate · Population: 29,145,505
Texas has a median home price of approximately $300,000, placing it below the national median. With a 10% down payment of $30,000, a typical buyer would finance $270,000 over 30 years. At a 6.82% fixed rate, the monthly principal and interest payment comes to $1,764.
Property taxes in Texas average 1.8% of the assessed home value annually — one of the higher rates in the country. Combined with an estimated $125 for homeowners insurance, your all-in monthly housing cost is approximately $2,339.
Using the 28% housing cost guideline, you would need a gross annual income of approximately $100,234 to qualify comfortably. The median household income in Texas is $63,826.
