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.
Plano mortgage calculator
A median-priced Plano, TX home at 6.75% over 30 years, with Texas property tax of 1.63% and $3,400 a year of homeowners insurance. Every figure below is computed on our amortising engine — nothing is estimated in the browser.
$4,164 a month, all in
Principal and interest are $2,977; escrow and PMI add the rest. Over the full term the loan costs $612,743 in interest. Discounted at 5%, buying here has a net present value of $8,842 ($312,944 in today’s dollars).
Within Texas, Plano is 2nd of the 10 Texas markets covered here, between Austin at the top and El Paso at the bottom of a 2.07x spread. A state-level median hides most of that.
Plano carries a premium over the rest of Texas: a median home here runs $510,000, about 50% above the state median of $340,000. The deposit moves with it, so the same 20% down is $102,000 rather than $68,000.
Prices here have run ahead of rents: the local price index sits at 1.50 against a rent index of 1.30. A market where buying costs rise faster than renting does is one where the rent-vs-buy answer leans later — you need a longer hold before ownership wins.
Monthly cost in Plano vs comparable rent
Owning is stacked by component; renting is the local median asking rent.
The monthly breakdown
| Median home price | $510,000 |
|---|---|
| Down payment (10%) | $51,000 |
| Loan amount | $459,000 |
| Principal & interest | $2,977/mo |
| Property tax (1.63%) | $693/mo |
| Homeowners insurance | $283/mo |
| PMI while above 80% LTV | $210/mo |
| Total monthly payment | $4,164/mo |
| Comparable rent | $2,340/mo |
What a rate move does to the Plano payment
| Rate | Principal & interest |
|---|---|
| 5.5% | $2,606/mo |
| 6% | $2,752/mo |
| 6.5% | $2,901/mo |
| 7% | $3,054/mo |
| 7.5% | $3,209/mo |
| 8% | $3,368/mo |
Rent or buy in Plano?
Against $2,340 a month in rent, over 7 years renting leaves you about $124,038 better off — $104,349 once 2.5% inflation is stripped out. See the Texas rent-vs-buy page.
Where these numbers come from
Texas medians come from editorial and are refreshed weekly. The Plano figures index those state medians to the local market, so they track the same feed rather than going stale. Insurance and the state income tax rate are editorial. Treat everything here as a planning estimate, not a quote.