Texas mortgage calculator with property tax and insurance
Median home price in Texas: $350,000. Effective property tax 1.68%/yr, homeowners insurance ≈ $4,000/yr. Rates updated Oct 8, 2026.
Payment by loan term
| Term | P&I | All-in | Total interest |
|---|---|---|---|
| 10 yr | $3,324 | $4,147 | $118,838 |
| 15 yr | $2,596 | $3,419 | $187,214 |
| 20 yr | $2,256 | $3,079 | $261,359 |
| 30 yr | $1,958 | $2,781 | $424,808 |
Adjust the numbers
Monthly breakdown
Total interest $424,808 · total PMI $0 · paid off in 30 years
Compare loan terms
| Term | Monthly (P&I) | Total monthly | Total interest |
|---|---|---|---|
| 10 years | $3,324 | $4,147 | $118,838 |
| 15 years | $2,596 | $3,419 | $187,214 |
| 20 years | $2,256 | $3,079 | $261,359 |
| 30 years | $1,958 | $2,781 | $424,808 |
Amortization schedule
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 1 | $20,912 | $2,581 | $277,419 |
| 2 | $20,712 | $2,782 | $274,637 |
| 3 | $20,496 | $2,997 | $271,640 |
| 4 | $20,263 | $3,230 | $268,410 |
| 5 | $20,013 | $3,481 | $264,929 |
| 6 | $19,742 | $3,751 | $261,178 |
| 7 | $19,451 | $4,042 | $257,135 |
| 8 | $19,137 | $4,356 | $252,779 |
| 9 | $18,799 | $4,694 | $248,085 |
| 10 | $18,435 | $5,059 | $243,026 |
| 11 | $18,042 | $5,452 | $237,574 |
| 12 | $17,619 | $5,875 | $231,700 |
| 13 | $17,163 | $6,331 | $225,369 |
| 14 | $16,671 | $6,822 | $218,547 |
| 15 | $16,142 | $7,352 | $211,195 |
| 16 | $15,571 | $7,923 | $203,272 |
| 17 | $14,956 | $8,538 | $194,734 |
| 18 | $14,293 | $9,201 | $185,534 |
| 19 | $13,579 | $9,915 | $175,619 |
| 20 | $12,809 | $10,685 | $164,934 |
| 21 | $11,980 | $11,514 | $153,420 |
| 22 | $11,086 | $12,408 | $141,013 |
| 23 | $10,123 | $13,371 | $127,642 |
| 24 | $9,084 | $14,409 | $113,232 |
| 25 | $7,966 | $15,528 | $97,705 |
| 26 | $6,760 | $16,733 | $80,971 |
| 27 | $5,461 | $18,032 | $62,939 |
| 28 | $4,061 | $19,432 | $43,507 |
| 29 | $2,553 | $20,941 | $22,566 |
| 30 | $927 | $22,566 | $0 |
Showing 360 payments. Schedule assumes a fixed rate and constant home value for PMI cancellation.
Down payment scenarios in Texas
| Down | Cash needed | PMI | Monthly |
|---|---|---|---|
| 3% | $10,500 | $156 | $3,353 |
| 5% | $17,500 | $152 | $3,301 |
| 10% | $35,000 | $144 | $3,170 |
| 15% | $52,500 | $136 | $3,040 |
| 20% | $70,000 | $0 | $2,781 |
| 25% | $87,500 | $0 | $2,659 |
Around the Texas median price
| Home price | P&I | All-in monthly |
|---|---|---|
| $265,000 | $1,482 | $2,187 |
| $350,000 | $1,958 | $2,781 |
| $440,000 | $2,461 | $3,411 |
| $525,000 | $2,937 | $4,005 |
Detailed payment examples
FAQ
What is the average property tax rate in Texas?
Texas's effective property tax rate is about 1.68% of home value per year, which is $490 per month on a $350,000 home. Rates vary by county and by exemptions, so treat this as a planning estimate.
How much is homeowners insurance in Texas?
A typical Texas policy runs around $4,000 per year ($333 per month). Coastal and hail-prone areas can be significantly higher.
Is a $350,000 home affordable in Texas?
At 7.50% with 20% down, the estimated all-in payment is $2,781 per month. Using the 28% rule that implies a household income near $119,000 per year before other debts.