FHA Loan Calculator — Texas
On the typical Texas home ($299,000), 3.5% down leaves a $288,535 base loan. The 1.75% upfront premium ($5,049) is financed, for a $293,584 loan, and annual MIP of 0.55% adds $134 a month for the life of the loan. Texas FHA limits run $541,287–$832,750 by county.
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.
Loan Parameters
Total Monthly Payment
$2,832
Principal & Interest + Taxes + Insurance
APR 7.761%
Total Interest
$411,710
Total Cost
$1,003,577
Advanced Parameters
FHA Mortgage Insurance Premium (MIP)
Annual MIP of 0.55% is billed monthly on the average balance of each loan year. With less than 10% down it lasts for the life of the loan; with 10% or more down it ends after 11 years. A 1.75% upfront premium is also added to the loan.
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
Full term
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | MIP | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $23,510 | $2,965 | $20,545 | $1,607 | $290,619 | $8,381 |
| Year 2 | $23,510 | $3,180 | $20,329 | $1,590 | $287,439 | $11,561 |
| Year 3 | $23,510 | $3,411 | $20,098 | $1,572 | $284,028 | $14,972 |
| Year 4 | $23,510 | $3,659 | $19,851 | $1,553 | $280,369 | $18,631 |
| Year 5 | $23,510 | $3,925 | $19,585 | $1,532 | $276,444 | $22,556 |
| Year 6 | $23,510 | $4,210 | $19,300 | $1,510 | $272,235 | $26,765 |
| Year 7 | $23,510 | $4,515 | $18,994 | $1,486 | $267,719 | $31,281 |
| Year 8 | $23,510 | $4,843 | $18,667 | $1,460 | $262,876 | $36,124 |
| Year 9 | $23,510 | $5,195 | $18,315 | $1,433 | $257,682 | $41,318 |
| Year 10 | $23,510 | $5,572 | $17,938 | $1,403 | $252,110 | $46,890 |
| Year 11 | $23,510 | $5,976 | $17,533 | $1,372 | $246,133 | $52,867 |
| Year 12 | $23,510 | $6,410 | $17,099 | $1,338 | $239,723 | $59,277 |
| Year 13 | $23,510 | $6,876 | $16,634 | $1,301 | $232,847 | $66,153 |
| Year 14 | $23,510 | $7,375 | $16,135 | $1,262 | $225,472 | $73,528 |
| Year 15 | $23,510 | $7,911 | $15,599 | $1,220 | $217,561 | $81,439 |
| Year 16 | $23,510 | $8,485 | $15,025 | $1,176 | $209,076 | $89,924 |
| Year 17 | $23,510 | $9,101 | $14,409 | $1,127 | $199,975 | $99,025 |
| Year 18 | $23,510 | $9,762 | $13,748 | $1,076 | $190,213 | $108,787 |
| Year 19 | $23,510 | $10,471 | $13,039 | $1,020 | $179,742 | $119,258 |
| Year 20 | $23,510 | $11,231 | $12,279 | $961 | $168,511 | $130,489 |
| Year 21 | $23,510 | $12,047 | $11,463 | $897 | $156,464 | $142,536 |
| Year 22 | $23,510 | $12,921 | $10,588 | $828 | $143,543 | $155,457 |
| Year 23 | $23,510 | $13,860 | $9,650 | $755 | $129,684 | $169,316 |
| Year 24 | $23,510 | $14,866 | $8,644 | $676 | $114,818 | $184,182 |
| Year 25 | $23,510 | $15,945 | $7,564 | $592 | $98,872 | $200,128 |
| Year 26 | $23,510 | $17,103 | $6,407 | $501 | $81,769 | $217,231 |
| Year 27 | $23,510 | $18,345 | $5,165 | $404 | $63,424 | $235,576 |
| Year 28 | $23,510 | $19,677 | $3,833 | $300 | $43,748 | $255,252 |
| Year 29 | $23,510 | $21,106 | $2,404 | $188 | $22,642 | $276,358 |
| Year 30 | $23,513 | $22,642 | $872 | $68 | $0 | $299,000 |
FHA Loan numbers for Texas
- Typical Texas home value
- $299,000
- 3.5% down ($10,465) · Zillow, August 31, 2026
- Loan amount
- $293,584
- Includes $5,049 financed UFMIP
- Estimated monthly payment
- $2,832
- APR 7.761%
- Texas property tax
- 1.60%
- $399/mo
- Homeowners insurance
- $4,085/yr
- $340/mo
- Upfront MIP (1.75%)
- $5,049
- Financed into the loan
- Annual MIP
- 0.55%
- $134/mo in year 1 · life of loan
- Texas FHA loan limit
- $541,287 – $832,750
- One-unit, by county
How much house can you afford in Texas with an fha loan?
Highest price where principal, interest, Texas property tax, insurance and FHA mortgage insurance (1.75% upfront premium financed, 0.55% annual MIP) stay within 28% of gross income —3.5% 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 |
|---|---|---|---|---|
| $40,000 | $933 | $71,000 | $2,485 | 24% |
| $50,000 | $1,167 | $99,000 | $3,465 | 33% |
| $60,000 | $1,400 | $127,000 | $4,445 | 42% |
| $75,000 | $1,750 | $169,000 | $5,915 | 56% |
| $100,000 | $2,333 | $239,000 | $8,365 | 80% |
| $125,000 | $2,917 | $309,000 | $10,815 | 103% |
| $150,000 | $3,500 | $379,000 | $13,265 | 127% |
FHA vs other loan types 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 payment on a $299,000 home with an fha loan in Texas?
Estimated $2,832 per month ($1,959 principal & interest, $399 property tax, $340 insurance, $134 FHA mortgage insurance) at 7.03% for 30 years, with 3.5% down. APR 7.761%.
What is the FHA loan limit in Texas for 2026?
Between $541,287 and $832,750 depending on the county for a one-unit home. $541,287 is the national FHA floor; counties with higher home prices get higher limits. Check your exact county on HUD's FHA mortgage limits lookup.
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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
- HUD Mortgagee Letter 2023-05 (annual MIP schedule)
- HUD — FHA single family housing policy handbook 4000.1
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.