Mortgage Payment Calculator for Texas

Mortgage Payment Calculator for TexasThere are dozens of mortgage payment calculators online, but none are specifically designed for Texas borrowers. We’ve taken the time to give you some specific insights on how to accurately estimate your Texas mortgage payment with our calculator. Most online mortgage loan calculators don't provide accurate payments, but if you follow the steps below you'll be able to estimate your loan payment accurately.

Given how much property taxes can fluctuate in Texas, we've provided a table below outlining what percentage to use for taxes in your county.

When you’re personally ready to get pre-approved or have a mortgage professional run numbers for you, give our team a call or click the “Apply” button at the top of the page. Also, if you’re beginning the process of buying a home, don’t hesitate to check out our detailed guide to buying a house to help you with the steps involved.

Mortgage Program Overviews:

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DID YOU KNOW?  A mortgage payment is typically comprised of 4 components: the loan payment (P&I or principal and interest), Property Taxes, Homeowner’s Insurance (HOI) and Mortgage Insurance (PMI).

 

Texas Mortgage Payment Calculator Tips

Our calculator will help you estimate all four aspects. Before using the mortgage calculator below, here are a few notes and directions:

  1. Loan amount – this is how much you plan to borrower (after your down payment). If you’re unsure about down payment requirements or mortgage options, check out our detailed home loans guide.
  2. Property value – purchase price of the home or what you think it’ll appraise for if you’re doing a refinance.
  3. Interest rate – rates vary based on loan program and can be heavily dependent on credit score. Give one of our licensed loan advisors a call and we can provide you some quotes and personal options. As of today, rates range anywhere from 4.375%-5.500% on a 30-year fixed in most instances, but will vary based on loan program, credit score, term, down payment and discount points.
  4. Loan term – the longest and most common mortgage term is 30 years, but there are options for 25, 20, 15 and 10. The term itself is the most important factor in your payment amount and how much money you save over the loan.
  5. Property tax – the county in Texas that your home (or future home) is in will assess the value of the home which will determine the property tax amount. The amount of tax will vary with each home. Because Texas doesn’t have state income tax, it does have some of the higher property tax rates in the country.

For Property Tax estimates in your specific county, see the list below the calculator. We’ve taken the time to estimate the property tax percentages for each county throughout Texas.

  1. Property Insurance (Homeowner’s Insurance) – if you have decent credit and buying a newer home use .45% of your loan amount for a decent estimate. Use .55% if you’re buying an older home or have fair/poor credit (low-to-mid 600’s). If you live in a flood zone or may need hurricane coverage, your premiums will likely be higher.
  2. PMI (Private Mortgage Insurance)
    1. FHA loan use .85%
    2. USDA loan .35%
    3. VA loan use 0%
    4. Conventional loan use .96% (if 5% down), .65% (if 10% down or qualifying first-time buyer with 3% down), or .28% (if 15% down). Use 0% if putting 20% down.

PMI for the conventional mortgage are estimates only and should be used for calculating initial payments. Always call one of our loan advisors for more precise estimates.

 

While using a payment calculator to estimate your mortgage is a great first step, once you’re ready to see if you qualify then apply online or give one of our trusted experts a call to help guide you through the process.

 

 

Calculate Your Estimated Texas Mortgage Payment

 

 

 

Property Tax Rates to use for Texas Mortgage Payment Calculator

Everything is bigger in Texas, including the number of counties. Texas has 254 counties while the next closest state is Georgia with 159.

Note: the state of Texas offers qualifying homeowners a discount on their property taxes through the HomeStead exemption. To qualify, the home must be your principal residence as of January 1 to qualify for the exemption for that year. Contact your county in Texas upon the completed purchase of your home to apply.

 

 

Anderson – 1.452%

Andrews – 1.203%

Angelina – 1.460%

Aransas – 1.142%

Archer – 1.328%

Armstrong – 1.251%

Atascoca – 1.491%

Austin – 1.428%

Bailey – 1.905%

Bandera – 1.379%

Bastrop – 1.871%

Baylor – 1.244%

Bee – 1.472%

Bell – 1.873%

Bexar – 2.097%

Blanco – 1.386%

Borden - 0.433%

Bosque – 1.291%

Bowie – 1.459%

Brazoria – 1.987%

Brazos – 1.851%

Brewster - 1.142%

Briscoe – 1.228%

Brooks – 1.405%

Brown – 1.454%

Burleson – 1.221%

Burnet – 1.361%

Caldwell – 1.715%

Calhoun – 1.153%

Callahan – 1.209%

Cameron – 1.784%

Camp – 1.388%

Carson – 1.335%

Cass – 1.239%

Castro – 1.688%

Chambers – 1.573%

Cherokee – 1.340%

Childress – 1.409%

Clay – 1.551%

Cochran – 1.327%

Coke – 1.154%

Coleman – 1.264%

Collin – 2.107%

Collingsworth – 1.508%

Colorado – 1.291%

Comal – 1.397%

Comanche – 1.508%

Concho – 1.403%

Cooke – 1.767%

Coryell – 1.721%

Cottle – 1.476%

Crane - .911%

Crockett - .831%

Crosby – 1.691%

Culberson – 1.755%

Dallam – 1.471%

Dallas – 2.173%

Dawson – 1.701%

Deaf Smith – 1.744%

Delta – 1.710%

Denton – 2.091%

DeWitt – 1.134%

Dickens – 1.158%

 

Dimmit – 1.123%

Donley – 1.446%

Duval - .890%

Eastland – 1.169%

Ector – 1.306%

Edwards - .944%

Ellis – 1.817%

El Paso – 2.128%

Erath – 1.338%

Falls – 1.342%

Fannin – 1.525%

Fayette – 1.122%

Fisher – 1.267%

Floyd – 1.235%

Foard – 1.509%

Fort Bend – 2.386%

Franklin – 1.356%

Freestone – 1.284%

Frio – 1.595%

Gaines – 1.225%

Galveston – 1.925%

Garza - .955%

Gillespie – 1.118%

Glasscock - .618%

Goliad - .919%

Gonzales – 1.432%

Gray – 1.354%

Grayson – 1.638%

Gregg – 1.436%

Grimes – 1.292%

Guadalupe – 1.657%

Hale – 1.610%

Hall – 1.612%

Hamilton – 1.564%

Hansford – 1.438%

Hardeman – 1.575%

Hardin – 1.268%

Harris – 2.259%

Harrison – 1.151%

Hartley – 1.451%

Haskell – 1.351%

Hays – 2.035%

Hemphill – 1.354%

Henderson – 1.341%

Hidalgo – 1.976%

Hill – 1.498%

Hockley – 1.504%

Hood – 1.194%

Hopkins – 1.496%

Houston – 1.166%

Howard – 1.234%

Hudspeth – 1.162%

Hunt – 1.738%

Hutchison – 1.479%

Irion – 1.037%

Jack – 1.259%

Jackson – 1.434%

Jasper - .998%

Jeff Davis – 1.096%

Jefferson – 1.757%

Jim Hogg – 1.022%

Jim Wells – 1.199%

Johnson – 1.727%

Jones – 1.411%

Karnes – 1.137%

Kaufman – 2.081%

Kendall – 1.426%

Kenedy - .250%

Kent - .820%

Kerr – 1.340%

Kimble – 1.514%

King - .861%

Kinney – 1.096%

Kieberg – 1.765%

Knox – 1.685%

Lamar – 1.410%

Lamb – 1.302%

Lampasas – 1.468%

La Salle - .762%

Lavaca – 1.142%

Lee – 1.333%

Leon – 1.040%

Liberty – 1.709%

Limestone – 1.117%

Lipscomb – 1.181%

Live Oak - .855%

Llano – 1.049%

Loving – 1.324%

Lubbock – 1.754%

Lynn – 1.956%

McCulloch – 1.196%

McLennan – 1.721%

McMullen - .905%

Madison – 1.234%

Marion – 1.022%

Martin - .998%

Mason - .856%

Matagorda – 1.375%

Maverick – 1.374%

Medina – 1.481%

Menard – 1.649%

Midland – 1.420%

Milam – 1.305%

Mills – 1.176%

Mitchell – 1.590%

Montague – 1.302%

Montgomery – 2.008%

Moore – 1.355%

Morris – 1.253%

Motley – 1.130%

Nacogdoches - .933%

Navarro – 1.595%

Newton – 1.064%

Nolan – 1.466%

Nueces – 1.928%

Ochiltree – 1.544%

Oldham – 1.691%

Orange – 1.476%

Palo Pinto – 1.304%

Panola – 1.120%

Parker – 1.701%

Parmer – 1.495%

Pecos - .825%

Polk – 1.211%

Potter – 1.700%

Presidio – 1.842%

Rains – 1.546%

Randall – 1.731%

Reagan – 1.272%

Real - .811%

Red River – 1.098%

Reeves – 1.436%

Refugio – 1.095%

Roberts - .952%

Robertson – 1.107%

Rockwall – 2.101%

Runnels – 1.563%

Rusk – 1.070%

Sabine - .724%

San Augustine - .740%

San Jacinto – 1.298%

San Patricio – 1.763%

San Saba – 1.265%

Schleicher – 1.048%

Scurry – 1.266%

Shackelford – 1.831%

Shelby - .862%

Sherman – 1.535%

Smith – 1.373%

Somervell - .999%

Starr - .913%

Stephens – 1.316%

Sterling - .958%

Stonewall – 1.352%

Sutton – 1.310%

Swisher – 1.499%

Tarrant – 2.321%

Taylor – 1.508%

Terrell - .724%

Terry – 1.397%

Throckmorton – 1.315%

Titus – 1.366%

Tom Green – 1.396%

Travis – 1.973%

Trinity – 1.004%

Tyler – 1.031%

Upshur – 1.331%

Upton - .662%

Uvalde – 1.511%

Val Verde – 1.456%

Van Zandt – 1.240%

Victoria – 1.836%

Walker – 1.350%

Waller – 1.601%

Ward - .638%

Washington – 1.376%

Webb – 2.317%

Wharton – 1.679%

Wheeler – 1.083%

Wichita – 1.901%

Wilbarger – 1.715%

Willacy – 1.451%

Williamson -  2.170%

Wilson – 1.579%

Winkler – 1.179%

Wise – 1.504%

Wood – 1.270%

Yoakum – 1.049%

Young – 1.420%

Zapata - .967%

Zavala - .955%


Compare Texas loans and see if you can qualify for the mortgage payment

Disclaimer

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.