Texas Mortgage Calculator (2026)
Calculate your monthly payment with Texas-specific property tax (1.80%) and average insurance ($2,420/yr).
Monthly payment
Payment breakdown
Loan summary
Amortization schedule (first 12 + every 12 months)
| Month | Principal | Interest | PMI/MIP | Balance |
|---|---|---|---|---|
| 1 | $223.53 | $1,590.75 | $113.63 | $272,476 |
| 2 | $224.83 | $1,589.45 | $113.63 | $272,252 |
| 3 | $226.15 | $1,588.13 | $113.63 | $272,025 |
| 4 | $227.46 | $1,586.82 | $113.63 | $271,798 |
| 5 | $228.79 | $1,585.49 | $113.63 | $271,569 |
| 6 | $230.13 | $1,584.15 | $113.63 | $271,339 |
| 7 | $231.47 | $1,582.81 | $113.63 | $271,108 |
| 8 | $232.82 | $1,581.46 | $113.63 | $270,875 |
| 9 | $234.18 | $1,580.10 | $113.63 | $270,641 |
| 10 | $235.54 | $1,578.74 | $113.63 | $270,405 |
| 11 | $236.92 | $1,577.36 | $113.63 | $270,168 |
| 12 | $238.30 | $1,575.98 | $113.63 | $269,930 |
| 24 | $255.53 | $1,558.75 | $113.63 | $266,960 |
| 36 | $274.00 | $1,540.28 | $113.63 | $263,774 |
| 48 | $293.80 | $1,520.48 | $113.63 | $260,359 |
| 60 | $315.04 | $1,499.24 | $113.63 | $256,697 |
| 72 | $337.82 | $1,476.46 | $113.63 | $252,770 |
| 84 | $362.24 | $1,452.04 | $113.63 | $248,559 |
| 96 | $388.43 | $1,425.85 | $113.63 | $244,044 |
| 108 | $416.50 | $1,397.77 | $113.63 | $239,202 |
| 120 | $446.61 | $1,367.67 | — | $234,010 |
| 132 | $478.90 | $1,335.38 | — | $228,443 |
| 144 | $513.52 | $1,300.76 | — | $222,474 |
| 156 | $550.64 | $1,263.64 | — | $216,073 |
| 168 | $590.45 | $1,223.83 | — | $209,209 |
| 180 | $633.13 | $1,181.15 | — | $201,849 |
| 192 | $678.90 | $1,135.38 | — | $193,958 |
| 204 | $727.98 | $1,086.30 | — | $185,495 |
| 216 | $780.60 | $1,033.68 | — | $176,421 |
| 228 | $837.03 | $977.25 | — | $166,691 |
| 240 | $897.54 | $916.74 | — | $156,257 |
| 252 | $962.43 | $851.85 | — | $145,070 |
| 264 | $1,032.00 | $782.28 | — | $133,073 |
| 276 | $1,106.60 | $707.68 | — | $120,209 |
| 288 | $1,186.60 | $627.68 | — | $106,416 |
| 300 | $1,272.38 | $541.90 | — | $91,625 |
| 312 | $1,364.36 | $449.92 | — | $75,765 |
| 324 | $1,462.99 | $351.29 | — | $58,758 |
| 336 | $1,568.75 | $245.53 | — | $40,522 |
| 348 | $1,682.15 | $132.13 | — | $20,968 |
| 360 | $1,803.76 | $10.52 | — | $0 |
What the payment actually costs
Texas property tax averages 1.80% of value — 7th highest of 51 states, against a national average near 1.10%. On a $400,000 home that is about $7,200 a year, or $600 a month added to principal and interest.
Homeowners insurance runs about $2,420 a year in Texas, 4th of 51 states and above the $1,552 national average. Together, tax and insurance add roughly $802 a month to the payment before you have paid a dollar of principal.
Insurance is the line to scrutinize here. At $2,420 a year Texas is well above the national norm, usually a sign of concentrated catastrophe risk — wind, hail, wildfire or flood depending on the region. Quote the specific address before committing, because premiums vary far more within this state than the average implies, and some carriers have withdrawn from the highest-risk counties entirely.
How this fits the rest of your tax bill
Texas charges no income tax, and property tax is where that revenue is recovered. At 1.80% the rate ranks 7th of 51. For a renter the no-income-tax advantage is close to pure gain; for an owner of a $400,000 home it is offset by roughly $7,200 a year. Run both sides before assuming the state is cheap.
Housing costs compound with the rate. Texas runs about 3% below national-average costs, so the same 1.80% rate applies to a smaller assessed value than it would elsewhere. A percentage rate is only half the number that matters; the base it applies to is the other half.
Property tax rates are effective statewide averages; your county assessor sets the actual figure and it varies widely within a state. See our methodology.