Texas Mortgage Calculator
Calculate monthly mortgage payments including PMI, taxes, and insurance in Texas
Texas Calculator
Get accurate results
Updated for 2025 with real Texas rates, brackets, and regulations
Texas mortgage payments are uniquely impacted by the state's high property taxes — while you save on income tax, your monthly housing costs include some of the highest property taxes in the nation (1.68-2.23% depending on county). This calculator factors in county-specific tax rates, the $100,000 homestead exemption, and Texas-specific insurance costs to give you an accurate total monthly payment. Understanding the full PITI (Principal, Interest, Taxes, Insurance) is critical in Texas, where property tax can exceed the principal and interest portion of your payment.
Calculate Your TX Tax
Total Monthly Payment
2,281$/mo
Principal & Interest
$1,719/mo
Property Tax
$406/mo
Homeowners Insurance
$156/mo
PMI
N/A
County Tax Rate
2.03%
Homestead Savings
$169/mo
Total Paid Over Loan
$821,181
Breakdown
Insight
Your estimated monthly payment in Harris County is $2,281. Texas has NO state income tax, but property taxes are among the highest in the US at 2.03%. The $100,000 homestead exemption on school taxes saves you $169/month. Consider filing a property tax protest — Texas law guarantees your right to protest your appraisal annually, and 70%+ of protests result in reductions.
AI Explanation
What This Means
Based on default inputs, the Texas Mortgage Calculator shows a total monthly payment of 2,281 $/mo. Key figures: Principal & Interest: $1,719/mo, Property Tax: $406/mo, Homeowners Insurance: $156/mo, PMI: N/A, County Tax Rate: 2.03%, Homestead Savings: $169/mo, Total Paid Over Loan: $821,181.
Key Insights
Your estimated monthly payment in Harris County is $2,281. Texas has NO state income tax, but property taxes are among the highest in the US at 2.03%. The $100,000 homestead exemption on school taxes saves you $169/month. Consider filing a property tax protest — Texas law guarantees your right to protest your appraisal annually, and 70%+ of protests result in reductions.
What You Can Do
Enter your actual figures in the calculator above for a personalized breakdown. Consider consulting a tax professional for comprehensive planning, especially for complex situations involving multiple income sources or deductions.
Keep In Mind
This calculator provides estimates based on 2026 rates. Actual tax liability may vary based on credits, exemptions, and other factors not captured here. This is for educational purposes only and should not be considered tax advice.
How the Texas Mortgage Calculator Works
The Texas Mortgage Calculator uses 2026 tax rates, brackets, and deductions specific to Texas to provide you with an accurate estimate of your tax obligations. Unlike generic federal-only calculators, this tool accounts for the unique tax structure that Texas residents face.
Formula
Monthly = P&I + Property Tax + Insurance + PMI. Property Tax = (Home Value - $100K Homestead) × County Rate / 12. Insurance ~0.55% of home value.Simply enter your financial details above, and the calculator instantly computes your results using the latest available data. All calculations happen directly in your browser — your personal information is never sent to any server or stored anywhere.
Why Use a Texas-Specific Calculator?
State-Specific Rates
Uses real 2026 Texas tax brackets, rates, and thresholds — not generic national averages that miss state-level nuances.
Local Programs & Exemptions
Factors in Texas-specific programs, exemptions, and deductions that national calculators simply don't account for.
Instant & Private
All calculations run locally in your browser. No account required, no data stored, no waiting for results.
AI-Powered Explanations
Get a plain-English breakdown of your results with actionable insights you can actually use for financial planning.
What's Included
County-Specific Tax Rates
Accurate calculations using real property tax rates for Harris, Dallas, Travis, Tarrant, and more.
Homestead Exemption Included
Automatically factors in the $100,000 school district exemption for accurate monthly payments.
Full PITI Breakdown
See every component: principal, interest, property tax, insurance, and PMI.
Frequently Asked Questions
Why are Texas mortgage payments higher than expected?
Texas property taxes are among the highest in the US (1.68-2.23%). On a $340,000 home, that adds $400-$600/month to your payment. Plus, Texas homeowners insurance is the most expensive in the nation due to severe weather (hail, hurricanes, tornadoes).
How does the homestead exemption reduce my payment?
The $100,000 school district exemption reduces your taxable value, saving roughly $150-200/month. You must file for homestead exemption with your county appraisal district — it is NOT automatic. File by April 30 of the year following purchase.
What county has the lowest property tax in Texas?
Among major counties, Travis County (Austin) has the lowest at ~1.68%. Fort Bend and Tarrant counties are among the highest at 2.10-2.23%. Rural counties can be even lower but have fewer services.
Do I need flood insurance for a Texas mortgage?
If your property is in a FEMA-designated high-risk flood zone, your lender will require flood insurance. Even outside high-risk zones, it is strongly recommended — 25% of Hurricane Harvey claims came from outside designated flood zones.
Is it cheaper to buy or rent in Texas?
It depends on the metro and your time horizon. With high property taxes, renting can be more cost-effective in the short term (1-3 years). Over 5+ years, buying typically wins due to equity buildup and rent increases. Texas's no income tax means more cash for either option.
Important Information for Texas Residents
Tax laws in Texas can change annually. This calculator is updated regularly to reflect the latest 2026 rates and regulations, but you should always verify important financial decisions with a qualified Texas tax professional or CPA.
This tool is designed for informational and educational purposes. While we strive for accuracy using official Texas Department of Taxation data, the results should be used as estimates for planning purposes only. Your actual tax liability may differ based on credits, special circumstances, and legislative changes that occur after our last update.
For filing deadlines, payment schedules, and official forms, visit the Texas Department of Taxation and Finance website. If you have complex tax situations involving multiple states, business income, or significant investment gains, professional guidance is recommended.
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