Mortgage · Texas
Texas Mortgage Calculator
Property tax below is prefilled at Texas's median effective rate of 1.68%, so the payment you see is a Texas payment rather than a national average. Change any assumption — the numbers update as you type.
- Effective property tax
- 1.68%
- Rank (lowest → highest)
- 46 of 51
- State income tax
- None
20% or more avoids private mortgage insurance (PMI).
Charged on the loan amount while your loan-to-value is above 80%.
Total monthly payment
$2,732.62
- Principal & interest
- $2,022.62
- Property tax
- $560.00
- Home insurance
- $150.00
- Loan amount
- $320,000
- Total interest over the loan
- $408,141
Amortization by year
| Year | Principal paid | Interest paid | Remaining balance |
|---|---|---|---|
| 1 | $3,577 | $20,695 | $316,423 |
| 2 | $3,816 | $20,455 | $312,607 |
| 3 | $4,072 | $20,200 | $308,535 |
| 4 | $4,345 | $19,927 | $304,191 |
| 5 | $4,636 | $19,636 | $299,555 |
| 6 | $4,946 | $19,325 | $294,609 |
| 7 | $5,277 | $18,994 | $289,332 |
| 8 | $5,631 | $18,641 | $283,701 |
| 9 | $6,008 | $18,264 | $277,693 |
| 10 | $6,410 | $17,861 | $271,283 |
| 11 | $6,839 | $17,432 | $264,444 |
| 12 | $7,297 | $16,974 | $257,146 |
| 13 | $7,786 | $16,485 | $249,360 |
| 14 | $8,308 | $15,964 | $241,053 |
| 15 | $8,864 | $15,407 | $232,189 |
| 16 | $9,458 | $14,814 | $222,731 |
| 17 | $10,091 | $14,180 | $212,640 |
| 18 | $10,767 | $13,505 | $201,873 |
| 19 | $11,488 | $12,784 | $190,385 |
| 20 | $12,257 | $12,014 | $178,128 |
| 21 | $13,078 | $11,193 | $165,050 |
| 22 | $13,954 | $10,317 | $151,096 |
| 23 | $14,889 | $9,383 | $136,207 |
| 24 | $15,886 | $8,386 | $120,321 |
| 25 | $16,950 | $7,322 | $103,372 |
| 26 | $18,085 | $6,187 | $85,287 |
| 27 | $19,296 | $4,976 | $65,991 |
| 28 | $20,588 | $3,683 | $45,403 |
| 29 | $21,967 | $2,304 | $23,436 |
| 30 | $23,436 | $833 | $0 |
Texas property tax at other home prices
The calculator opens with the tax for a $400,000 home. Change the home price and the tax field no longer matches — copy the figure for your price from this table.
| Home price | Property tax / year | Added to payment / month |
|---|---|---|
| $250,000 | $4,200 | $350 |
| $400,000 | $6,720 | $560 |
| $600,000 | $10,080 | $840 |
| $850,000 | $14,280 | $1,190 |
| $1,200,000 | $20,160 | $1,680 |
What actually changes by state
Mortgage rates barely move across state lines — lenders price on credit, loan size and the market, not geography. What does change, and by a lot, is everything wrapped around the loan: property tax, insurance, and transfer taxes at closing. Texas has no state income tax and funds services largely through relatively high property taxes. At 1.68%, Texas adds about $560 a month to a $400,000 home before a single dollar of principal. That is the number two identical loans in two states differ by — and it never goes away.
Texas also levies no state income tax, which raises your take-home pay and therefore the payment you can support. See what that means for your paycheck →
Frequently asked questions
How much is property tax on a home in Texas?
At Texas's median effective rate of 1.68%, a $400,000 home costs roughly $6,720 a year, or $560 a month added to your payment. Effective rate means tax actually paid as a share of home value, so it already accounts for assessment practices. Your county sets the real bill.
What is included in a Texas mortgage payment?
Four things, usually bundled into one monthly transfer: principal and interest on the loan, property tax and homeowners insurance held in escrow, and — if you put less than 20% down — private mortgage insurance. The calculator above shows each separately, because the loan payment alone understates what you actually pay.
Does Texas have high property taxes?
Yes — Texas ranks 46 of 51 from lowest to highest, so property tax is a large share of the monthly payment here. Texas has no state income tax and funds services largely through relatively high property taxes.
How much income do I need to buy in Texas?
Lenders generally want total housing costs under 28% of gross income and all debt under 36%. Because Texas's property tax rate is 1.68%, the tax portion counts toward that 28% — a higher-tax state supports a smaller loan at the same income. Our affordability calculator works the limit backwards from your income.
Do property taxes stop when the mortgage is paid off?
No. Principal and interest end; property tax and insurance continue for as long as you own the home, and both tend to rise. At 1.68%, that is an ongoing $6,720 a year on a $400,000 home — worth building into any retirement plan that assumes a paid-off house is a free one.
Disclaimer: DayCents provides this calculator for educational purposes only. Results are estimates based on your inputs and the stated assumptions — they are not financial advice, a quote, or an offer of credit. Consult a qualified financial professional before making major money decisions.