Not financial advice. Mortgage FV Calculator is a software calculator, not a personal-finance product or advisory service. It computes standard financial functions and displays the results for your convenience. Nothing here constitutes, or is intended to constitute, financial, investment, tax, legal, mortgage, credit, or insurance advice. Always consult a qualified professional before making any financial decision.
Texas mortgage costs
What a typical Texas (TX) purchase actually costs each month once property tax, insurance and PMI are included — and how to model your own numbers.
| Median home price | $340,000 |
|---|---|
| 10% down payment | $34,000 |
| Loan amount | $306,000 |
| Principal & interest (30yr @ 6.75%) | $1,985/mo |
| Property tax (1.63%) | $462/mo |
| Homeowners insurance | $283/mo |
| PMI (until 20% equity) | $128/mo |
| Estimated total monthly | $2,857/mo |
Illustrative only, at a 6.75% sample rate with 10% down. Your rate, tax assessment and insurance premium will differ.
What makes Texas different
No state income tax, but among the highest property tax and insurance costs in the country — escrow often rivals principal early on.
Texas has no state income tax, so mortgage interest deductions are only worth your federal marginal rate. Many buyers here take the standard deduction instead of itemising.
Run your own TX numbers →Compare lenders
SponsoredWe may earn a commission if you apply through these links. This does not affect your rate, and it is not a recommendation or financial advice.
| Lender | Best for | Highlight | Min. down | Apply |
|---|---|---|---|---|
| LendingTreePopular | Comparing multiple offers | Up to 5 lender offers in minutes | 3% | See rates |
| Credible | Soft-pull pre-qualification | Pre-qualify without a credit hit | 3% | See rates |
| Bankrate | Daily rate research | Live rate tables across major lenders | 3.5% | See rates |
| Rocket Mortgage | Fully online closing | Digital application and verification | 3% | See rates |