Texas Mortgage Calculator 2026
Texas has no state income tax, which meaningfully increases purchasing power, but property taxes averaging 1.80% are among the highest in the nation. On a $310,000 home, property taxes add approximately $465 per month. Texas is a community property state, and the Homestead Exemption provides significant tax relief for primary residents.
Calculate Your Texas Mortgage Payment
Pre-filled with Texas averages — adjust any value to match your situation.
= $62,000 down
Estimated Monthly Payment Breakdown
Based on $310,000 home price, 20% down, 30-year fixed at 7.25%.
Texas Property Taxes & Income Tax
Texas has no state income tax. However, property taxes average 1.80% — on a $310,000 home, about $465/month. The Homestead Exemption reduces the school district taxable value by $100,000 for primary residences, saving approximately $1,500–$2,000/year. Texas is a community property state.
Texas Homeowners Insurance
Texas faces hurricane risk along the Gulf Coast (Houston, Corpus Christi, Galveston) and severe weather statewide. Annual insurance averages $2,000–$3,500 for most properties, with coastal areas seeing $4,000–$8,000+. Hail damage is extremely common. Budget $150–$300+/month depending on location.
Texas Housing Market Overview
Texas has five major metros: Houston (energy, healthcare, diversity), Dallas-Fort Worth (tech, finance, corporate HQs), San Antonio (military, healthcare, tourism), Austin (tech, government, university), and Fort Worth (logistics, manufacturing). All have cooled from 2022 peaks with more inventory. Texas has significant USDA-eligible rural areas and strong VA loan demand from its many military installations.
Frequently Asked Questions
What is the average mortgage payment in Texas?
Based on Texas's median home price of $310,000, a 20% down payment, and a 30-year fixed rate of 7.25%, the estimated total monthly payment (PITI) is approximately $2,332/month.
What is the conforming loan limit in Texas?
The conforming loan limit in Texas is $766,550. Loans above this amount are jumbo loans requiring stronger credit and larger down payments.
Can I get a USDA loan in Texas?
Yes — Texas has USDA-eligible rural areas where qualifying buyers can purchase a home with zero down payment. Use the USDA eligibility map to check specific addresses.
Are VA loans available in Texas?
Yes — eligible veterans, active-duty service members, and surviving spouses can use VA loans in Texas with no down payment and no PMI. The VA loan limit in Texas is $766,550.
Texas Loan Limits
Texas Homebuyer Programs
30-year fixed-rate mortgage with down payment and closing cost assistance up to 5% of the loan amount.
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