Texas home buyers
Texas Home Payment Calculator
Estimate the real monthly cost of buying a home in Texas, including principal, interest, property taxes, insurance, HOA, PMI, closing costs, and cash needed to close.
This calculator provides estimates only. Actual costs vary by lender, county, tax rate, insurance quote, HOA, and loan type.
These editable example estimates use a Texas property tax rate of 1.8% and homeowners insurance of $225/month. Texas costs are not fixed statewide and should be adjusted for your property and location.
Home payment calculator
Enter a few estimates to see the monthly payment and cash needed at closing.
Estimate
- Loan amount
- $340,000
- Principal and interest
- $2,205
- Estimated property tax monthly
- $638
- Insurance monthly
- $225
- HOA monthly
- $0
- PMI monthly
- $0
- Estimated total monthly payment
- $3,068
- Estimated closing costs
- $12,750
- Estimated cash needed to close
- $97,750
What makes a Texas home payment different?
Texas does not have one statewide property tax rate for homeowners. Property taxes are set locally and can vary by county, city, school district, MUD, and other taxing units.
Homeowners insurance can also vary by property, location, coverage, roof age, weather risk, and insurer. HOA fees can change the real monthly payment, and closing costs affect how much cash a buyer needs upfront.
How Texas property taxes affect your monthly payment
Property taxes are usually estimated annually and then divided monthly for budgeting. Many mortgage payments include escrow for property taxes and homeowners insurance.
A small change in tax rate can noticeably change the monthly payment. For more precise estimates, check the county appraisal district, lender estimate, or local tax office.
Estimating closing costs in Texas
Closing costs are upfront costs paid around closing. They may include lender fees, appraisal, title-related costs, prepaid taxes, insurance, and other transaction costs.
This calculator uses a percentage estimate so you can model different scenarios. Actual costs vary by lender, title company, contract terms, and property.
What is cash needed to close?
Cash needed to close is different from the monthly payment. It usually includes the down payment plus estimated closing costs.
This calculator shows both the monthly estimate and the upfront cash estimate so you can compare ongoing affordability with the cash needed at closing.
Texas city calculators
Compare city-specific home payment estimates by metro area. Each page uses editable example values and local context for taxes, insurance, HOA fees, closing costs, and cash needed to close.
Austin area
Dallas-Fort Worth area
Houston area
San Antonio area
Other Texas cities
Example Texas home payment estimate
This example uses the editable Texas estimates near the top of the page. The calculated amounts come from the same calculator logic used on the rest of the site.
- Home price
- $425,000
- Down payment
- $85,000
- Loan amount
- $340,000
- Interest rate
- 6.75%
- Property tax rate
- 1.8%
- Insurance
- $225/month
- HOA
- $0/month
- Closing costs
- 3%
- Estimated total monthly payment
- $3,068
- Estimated cash needed to close
- $97,750
Texas home payment calculator FAQ
Is this Texas home payment calculator free?
Yes. The calculator is free to use and does not require an account.
Does Texas have a state property tax?
Texas does not set one statewide property tax rate for homeowners. Property taxes are set locally by counties, cities, school districts, and other taxing units.
Why are Texas property taxes important for monthly payments?
Property taxes can be a major part of the real monthly cost of owning a home in Texas, especially when they are escrowed into the mortgage payment.
Does this calculator include homeowners insurance?
Yes. You can enter a monthly homeowners insurance estimate and include it in the total monthly payment.
Does this calculator include HOA fees?
Yes. If the property has an HOA fee, enter the monthly amount. If it does not, leave HOA at zero.
Does this calculator include PMI?
Yes. You can add a monthly PMI estimate if private mortgage insurance applies to your loan.
What are closing costs in Texas?
Closing costs are upfront costs paid around closing. They may include lender fees, appraisal, title-related costs, prepaid taxes, insurance, and other transaction costs.
Is this calculator financial advice?
No. This calculator provides estimates only and is not financial, tax, legal, lending, insurance, or real estate advice.
Disclaimer
This calculator provides estimates only and is not financial, tax, legal, lending, insurance, or real estate advice. Actual costs can vary by lender, property, location, tax rate, insurance provider, HOA, and loan type.
Want a simpler estimate? Use the main home payment calculator.