See Your Monthly Payment on a $275,000 Home in Texas
30-year fixed rate at 5.50% in Texas — calculate your exact principal, interest, 1.6% property taxes, insurance, and PMI in seconds. No sign-up required.
Loan Parameters
Total Monthly Payment
$2,245
Principal & Interest + Taxes + Insurance
Total Interest
$301,420
Total Cost
$616,420
Advanced Parameters
State default auto-fills from your location
Average for your state auto-fills
Payment breakdown will render here
Adjust inputs and calculate to see the chart
Loan Summary
Payoff Date
Jul 2056
Interest / Principal
0.96x
PMI Ends
—
50% Equity
—
Amortization Schedule
| Period | Payment | Principal | Interest | PMI | Balance | Equity |
|---|---|---|---|---|---|---|
Calculate to view your amortization schedule | ||||||
Texas Mortgage Guide
Evaluating a mortgage of $275,000 in Texas over a 30-year fixed term at 5.50% annual interest rate. With Texas's effective property tax rate of 1.6%, you can expect approximately $367 per month in property tax escrow. With a down payment below the 20% threshold, conventional loan guidelines require Private Mortgage Insurance (PMI) to secure the loan. This added premium is factored into the breakdown below. At 5.50%, this is a favorable rate environment for Texas buyers. Locking in this rate secures predictable payments and minimizes lifetime interest costs.
Private Mortgage Insurance (PMI) Required
With 10% down (90% LTV), conventional lenders in Texas require PMI at an estimated 0.72% annual rate. PMI is automatically cancelled once your loan balance drops to 80% of the original purchase price under the Homeowners Protection Act.
Track your PMI cancellation date in the amortization schedule below.
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