VA Loan Calculator — Texas
An eligible VA borrower can buy the typical Texas home ($299,000) with no down payment. The 2.15% first-use funding fee ($6,429) is rolled into a $305,429 loan, and there is no monthly mortgage insurance — saving about $134 a month versus FHA MIP on the same home.
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
$2,777
Principal & Interest + Taxes + Insurance · no mortgage insurance
APR 7.242%
Total Interest
$428,318
Total Cost
$999,819
Advanced Parameters
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
N/A
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | PMI | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $24,458 | $3,085 | $21,373 | — | $302,344 | -$3,344 |
| Year 2 | $24,458 | $3,309 | $21,150 | — | $299,035 | -$35 |
| Year 3 | $24,458 | $3,549 | $20,909 | — | $295,486 | $3,514 |
| Year 4 | $24,458 | $3,807 | $20,652 | — | $291,680 | $7,320 |
| Year 5 | $24,458 | $4,083 | $20,375 | — | $287,597 | $11,403 |
| Year 6 | $24,458 | $4,379 | $20,079 | — | $283,217 | $15,783 |
| Year 7 | $24,458 | $4,697 | $19,761 | — | $278,520 | $20,480 |
| Year 8 | $24,458 | $5,039 | $19,420 | — | $273,481 | $25,519 |
| Year 9 | $24,458 | $5,404 | $19,054 | — | $268,077 | $30,923 |
| Year 10 | $24,458 | $5,797 | $18,661 | — | $262,280 | $36,720 |
| Year 11 | $24,458 | $6,218 | $18,241 | — | $256,063 | $42,937 |
| Year 12 | $24,458 | $6,669 | $17,789 | — | $249,394 | $49,606 |
| Year 13 | $24,458 | $7,153 | $17,305 | — | $242,240 | $56,760 |
| Year 14 | $24,458 | $7,673 | $16,785 | — | $234,567 | $64,433 |
| Year 15 | $24,458 | $8,230 | $16,228 | — | $226,338 | $72,662 |
| Year 16 | $24,458 | $8,827 | $15,631 | — | $217,510 | $81,490 |
| Year 17 | $24,458 | $9,468 | $14,990 | — | $208,042 | $90,958 |
| Year 18 | $24,458 | $10,156 | $14,302 | — | $197,886 | $101,114 |
| Year 19 | $24,458 | $10,893 | $13,565 | — | $186,992 | $112,008 |
| Year 20 | $24,458 | $11,684 | $12,774 | — | $175,308 | $123,692 |
| Year 21 | $24,458 | $12,533 | $11,925 | — | $162,775 | $136,225 |
| Year 22 | $24,458 | $13,443 | $11,015 | — | $149,333 | $149,667 |
| Year 23 | $24,458 | $14,419 | $10,039 | — | $134,914 | $164,086 |
| Year 24 | $24,458 | $15,466 | $8,992 | — | $119,448 | $179,552 |
| Year 25 | $24,458 | $16,589 | $7,869 | — | $102,860 | $196,140 |
| Year 26 | $24,458 | $17,793 | $6,665 | — | $85,066 | $213,934 |
| Year 27 | $24,458 | $19,085 | $5,373 | — | $65,981 | $233,019 |
| Year 28 | $24,458 | $20,471 | $3,987 | — | $45,510 | $253,490 |
| Year 29 | $24,458 | $21,957 | $2,501 | — | $23,553 | $275,447 |
| Year 30 | $24,460 | $23,553 | $907 | — | $0 | $299,000 |
VA Loan numbers for Texas
- Typical Texas home value
- $299,000
- 0% down ($0) · Zillow, August 31, 2026
- Loan amount
- $305,429
- Includes $6,429 financed funding fee
- Estimated monthly payment
- $2,777
- APR 7.242%
- Texas property tax
- 1.60%
- $399/mo
- Homeowners insurance
- $4,085/yr
- $340/mo
- VA funding fee (first use)
- 2.15% · $6,429
- Financed; exempt with VA disability compensation
- Monthly savings vs FHA MIP
- $134/mo
- Same $299,000 home, FHA at 3.5% down
How much house can you afford in Texas with a va loan?
Highest price where principal, interest, Texas property tax and insurance, with the 2.15% VA funding fee financed and no monthly mortgage insurance stay within 28% of gross income —0% 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 | $101,000 | $0 | 34% |
| $75,000 | $1,750 | $172,000 | $0 | 57% |
| $100,000 | $2,333 | $244,000 | $0 | 82% |
| $125,000 | $2,917 | $316,000 | $0 | 106% |
| $150,000 | $3,500 | $387,000 | $0 | 129% |
| $200,000 | $4,667 | $530,000 | $0 | 177% |
| $250,000 | $5,833 | $673,000 | $0 | 225% |
VA 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 a va loan in Texas?
Estimated $2,777 per month ($2,038 principal & interest, $399 property tax, $340 insurance) at 7.03% for 30 years, with 0% down. APR 7.242%.
How much is the VA funding fee on a $299,000 Texas home?
$6,429 (2.15%) for a first-time user with no down payment. Putting 5% down lowers it to 1.5%, and 10% down to 1.25%.
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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
- 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
- VA — Funding fee and closing costs
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.