Texas Mortgage Calculator
Texas has the 3rd-highest effective property tax rate of the 50 states at 1.60% — $2,063 more a year than the 0.91% state average on a $299,000 home. Homeowners insurance averages $4,085 a year, the 7th-highest premium nationally and $1,365 more than the typical state.
All 254 Texas counties use the $832,750 baseline conforming limit for 2026, so any one-unit loan above it is a jumbo loan. FHA limits run from $541,287 to $832,750 by county.
On a $299,000 home, property tax and insurance add $739 a month in Texas, compared with $396 in New Mexico, $451 in Arkansas, $614 in Oklahoma, $636 in Louisiana.
Loan Parameters
Total Monthly Payment
$2,696
Principal & Interest + Taxes + Insurance
APR 7.488%
Total Interest
$377,375
Total Cost
$928,694
Advanced Parameters
Private Mortgage Insurance (PMI)
Your down payment is below 20%. PMI is estimated at 0.72% annually and is removed here when your LTV reaches 80%.
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
Feb 2035
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | PMI | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $21,549 | $2,718 | $18,831 | $1,938 | $266,382 | $32,618 |
| Year 2 | $21,549 | $2,915 | $18,634 | $1,938 | $263,467 | $35,533 |
| Year 3 | $21,549 | $3,127 | $18,422 | $1,938 | $260,341 | $38,660 |
| Year 4 | $21,549 | $3,354 | $18,195 | $1,938 | $256,987 | $42,013 |
| Year 5 | $21,549 | $3,597 | $17,952 | $1,938 | $253,389 | $45,611 |
| Year 6 | $21,549 | $3,858 | $17,691 | $1,938 | $249,531 | $49,469 |
| Year 7 | $21,549 | $4,139 | $17,410 | $1,938 | $245,392 | $53,608 |
| Year 8 | $21,549 | $4,439 | $17,110 | $1,938 | $240,953 | $58,047 |
| Year 9 | $21,549 | $4,761 | $16,788 | $646 | $236,192 | $62,808 |
| Year 10 | $21,549 | $5,107 | $16,442 | — | $231,085 | $67,915 |
| Year 11 | $21,549 | $5,478 | $16,071 | — | $225,607 | $73,393 |
| Year 12 | $21,549 | $5,876 | $15,673 | — | $219,731 | $79,269 |
| Year 13 | $21,549 | $6,302 | $15,247 | — | $213,428 | $85,572 |
| Year 14 | $21,549 | $6,760 | $14,789 | — | $206,668 | $92,332 |
| Year 15 | $21,549 | $7,251 | $14,298 | — | $199,417 | $99,583 |
| Year 16 | $21,549 | $7,777 | $13,772 | — | $191,640 | $107,360 |
| Year 17 | $21,549 | $8,342 | $13,207 | — | $183,298 | $115,702 |
| Year 18 | $21,549 | $8,948 | $12,601 | — | $174,350 | $124,650 |
| Year 19 | $21,549 | $9,598 | $11,951 | — | $164,753 | $134,247 |
| Year 20 | $21,549 | $10,294 | $11,255 | — | $154,458 | $144,542 |
| Year 21 | $21,549 | $11,042 | $10,507 | — | $143,416 | $155,584 |
| Year 22 | $21,549 | $11,844 | $9,705 | — | $131,573 | $167,427 |
| Year 23 | $21,549 | $12,704 | $8,845 | — | $118,869 | $180,131 |
| Year 24 | $21,549 | $13,626 | $7,923 | — | $105,243 | $193,757 |
| Year 25 | $21,549 | $14,615 | $6,934 | — | $90,628 | $208,372 |
| Year 26 | $21,549 | $15,677 | $5,872 | — | $74,951 | $224,049 |
| Year 27 | $21,549 | $16,815 | $4,734 | — | $58,136 | $240,864 |
| Year 28 | $21,549 | $18,036 | $3,513 | — | $40,101 | $258,899 |
| Year 29 | $21,549 | $19,345 | $2,204 | — | $20,755 | $278,245 |
| Year 30 | $21,554 | $20,755 | $799 | — | $0 | $299,000 |
Texas mortgage data
- Typical home value
- $299,367
- Zillow ZHVI, August 31, 2026 (U.S. $368,697)
- Effective property tax rate
- 1.60%
- $4,784/yr on a $299,000 home
- Average homeowners insurance
- $4,085/yr
- $340/mo
- 2026 conforming loan limit
- $832,750
- 254 counties
- High-cost counties
- 0
- None — baseline limit statewide
- 2026 FHA loan limit (1-unit)
- $541,287 – $832,750
- Varies by county — confirm on HUD
- Current 30-yr / 15-yr fixed average
- 7.03% / 6.42%
- Freddie Mac PMMS, September 24, 2026
How much house can you afford in Texas?
Highest price where principal, interest, Texas property tax, insurance and PMI stay within 28% of gross income —10% down, 30-year fixed at 7.03%. Other debts lower these numbers.
| Household income | Housing budget / mo | Max home price | Down payment | vs typical home |
|---|---|---|---|---|
| $50,000 | $1,167 | $104,000 | $10,400 | 35% |
| $75,000 | $1,750 | $178,000 | $17,800 | 59% |
| $100,000 | $2,333 | $252,000 | $25,200 | 84% |
| $125,000 | $2,917 | $326,000 | $32,600 | 109% |
| $150,000 | $3,500 | $401,000 | $40,100 | 134% |
| $200,000 | $4,667 | $549,000 | $54,900 | 183% |
| $250,000 | $5,833 | $697,000 | $69,700 | 233% |
Texas mortgage payment by loan amount
30-year fixed at 7.03%, 20% down, with Texas property tax and insurance on the matching home price.
| Loan amount | P&I | Total / month | Income needed | Loan type |
|---|---|---|---|---|
| $150,000 mortgage | $1,001 | $1,591 | $69,000 | Conforming |
| $175,000 mortgage | $1,168 | $1,800 | $78,000 | Conforming |
| $200,000 mortgage | $1,335 | $2,008 | $87,000 | Conforming |
| $225,000 mortgage | $1,501 | $2,217 | $96,000 | Conforming |
| $250,000 mortgage | $1,668 | $2,425 | $104,000 | Conforming |
| $275,000 mortgage | $1,835 | $2,634 | $113,000 | Conforming |
| $300,000 mortgage | $2,002 | $2,842 | $122,000 | Conforming |
| $325,000 mortgage | $2,169 | $3,051 | $131,000 | Conforming |
| $350,000 mortgage | $2,336 | $3,259 | $140,000 | Conforming |
| $375,000 mortgage | $2,502 | $3,468 | $149,000 | Conforming |
| $400,000 mortgage | $2,669 | $3,676 | $158,000 | Conforming |
| $425,000 mortgage | $2,836 | $3,885 | $167,000 | Conforming |
| $450,000 mortgage | $3,003 | $4,093 | $176,000 | Conforming |
| $475,000 mortgage | $3,170 | $4,302 | $185,000 | Conforming |
| $500,000 mortgage | $3,337 | $4,510 | $194,000 | Conforming |
| $525,000 mortgage | $3,503 | $4,719 | $203,000 | Conforming |
| $550,000 mortgage | $3,670 | $4,927 | $212,000 | Conforming |
| $575,000 mortgage | $3,837 | $5,136 | $221,000 | Conforming |
| $600,000 mortgage | $4,004 | $5,344 | $230,000 | Conforming |
| $625,000 mortgage | $4,171 | $5,553 | $238,000 | Conforming |
| $650,000 mortgage | $4,338 | $5,761 | $247,000 | Conforming |
| $675,000 mortgage | $4,504 | $5,970 | $256,000 | Conforming |
| $700,000 mortgage | $4,671 | $6,178 | $265,000 | Conforming |
| $725,000 mortgage | $4,838 | $6,387 | $274,000 | Conforming |
| $750,000 mortgage | $5,005 | $6,595 | $283,000 | Conforming |
| $775,000 mortgage | $5,172 | $6,804 | $292,000 | Conforming |
| $800,000 mortgage | $5,339 | $7,012 | $301,000 | Conforming |
| $825,000 mortgage | $5,505 | $7,221 | $310,000 | Conforming |
| $850,000 mortgage | $5,672 | $7,429 | $319,000 | Jumbo |
| $875,000 mortgage | $5,839 | $7,638 | $328,000 | Jumbo |
| $900,000 mortgage | $6,006 | $7,846 | $337,000 | Jumbo |
| $925,000 mortgage | $6,173 | $8,055 | $346,000 | Jumbo |
| $950,000 mortgage | $6,340 | $8,263 | $355,000 | Jumbo |
| $975,000 mortgage | $6,506 | $8,472 | $364,000 | Jumbo |
| $1,000,000 mortgage | $6,673 | $8,680 | $373,000 | Jumbo |
| $1,100,000 mortgage | $7,341 | $9,514 | $408,000 | Jumbo |
| $1,200,000 mortgage | $8,008 | $10,348 | $444,000 | Jumbo |
| $1,300,000 mortgage | $8,675 | $11,182 | $480,000 | Jumbo |
| $1,400,000 mortgage | $9,342 | $12,016 | $515,000 | Jumbo |
| $1,500,000 mortgage | $10,010 | $12,850 | $551,000 | Jumbo |
Loan programs compared in Texas
$299,000 home, each program's typical minimum or default down payment, current average 30-year rate.
| Loan type | Down | Loan amount | Upfront fee | Monthly MI | Total / month | APR |
|---|---|---|---|---|---|---|
| Conventional | 10% · $29,900 | $269,100 | — | $161 PMI | $2,696 | 7.488% |
| FHA | 3.5% · $10,465 | $293,584 | UFMIP $5,049 | $134 MIP | $2,832 | 7.761% |
| VA | 0% · $0 | $305,429 | Funding fee $6,429 | $0 | $2,777 | 7.242% |
| JumboLoan is conforming (≤ $832,750) | 20% · $59,800 | $239,200 | — | $0 | $2,335 | 7.030% |
Frequently asked questions
What is the monthly mortgage payment on a $299,000 home in Texas?
$299,000 is the typical Texas home value. With 10% down on a conventional loan, the estimated payment is $2,696 per month ($1,796 principal & interest, $399 property tax, $340 insurance, $161 PMI) at 7.03% for 30 years, including Texas's 1.60% effective property tax rate.
What is the 2026 conforming loan limit in Texas?
$832,750 for a one-unit home in all 254 counties. Larger loans are jumbo loans.
How much income do I need for a $299,000 home in Texas?
About $116,000 a year if housing costs stay within 28% of gross income — a common lender guideline. Lenders also look at total debt-to-income, usually capped around 43%–50%.
How much house can I afford in Texas on a $100,000 salary?
About $252,000 with 10% down, keeping the payment (including Texas property tax, insurance and PMI) within 28% of gross income at 7.03%. The typical Texas home ($299,367) needs roughly $116,000 a year.
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Data sources & assumptions
- Freddie Mac Primary Mortgage Market Survey (PMMS) — Weekly average as of September 24, 2026
- Zillow Home Value Index (ZHVI), typical home value, all homes — Default home prices; typical value as of August 31, 2026
- FHFA 2026 Conforming Loan Limit Values (one-unit) — 2026 one-unit limits, 56 states & territories
- HUD FHA Mortgage Limits lookup — FHA floor $541,287; high-cost counties follow the conforming limit — confirm on HUD
- Effective statewide property tax rate (Tax Foundation, 2026 projections) — Statewide effective rate; county rates vary
- Average annual homeowners premium, $300K dwelling / $1K deductible (industry survey averages) — Statewide average premium
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.