Texas Mortgage Calculator

Use this free mortgage calculator to estimate your monthly mortgage payments and annual amortization.

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Taking out a mortgage in Texas

Written by NerdWallet

The Lone Star State's housing market remains incredibly affordable with the 15th lowest median home value in the U.S. Don't mess with that level of affordability! One thing to know about Texas: while it is known for oil and gas, there is a good chance your home will be powered by wind as it has the largest wind energy supply in the U.S.

Texas' first-time home buyer programs

The Texas Department of Housing and Community Affairs, or TDCHA, offers several loan programs to help qualified first-time home buyers get a mortgage. Learn more

Average property tax by county

Taking U.S. Census data, NerdWallet has crunched the numbers to help you understand what property tax rate you can expect to pay on your future home in Texas. Because assessed values aren’t frequently updated, you may pay a higher rate at first but eventually you’ll pay a similar rate.
CountyAvg. property tax rateMedian home value
Anderson County1.09%$154,600
Andrews County1.34%$179,300
Angelina County1.15%$173,600
Aransas County1.07%$221,500
Archer County1.43%$157,500
Armstrong County1.2%$167,600
Atascosa County1.27%$141,000
Austin County1.22%$240,000
Bailey County1.93%$112,400
Bandera County0.83%$237,300
Bastrop County1.28%$310,600
Baylor County0.85%$92,100
Bee County1.25%$106,700
Bell County1.38%$233,900
Bexar County1.7%$259,200
Blanco County0.94%$309,800
Borden County0.55%$104,200
Bosque County0.89%$151,400
Bowie County1.28%$173,500
Brazoria County1.85%$281,300
Brazos County1.47%$263,700
Brewster County1.18%$200,500
Briscoe County0.72%$77,400
Brooks County1.13%$80,100
Brown County1.17%$137,900
Burleson County0.97%$154,700
Burnet County1.07%$268,300
Caldwell County1.28%$185,400
Calhoun County1.1%$128,200
Callahan County0.89%$129,500
Cameron County1.57%$133,400
Camp County1.12%$146,600
Carson County1.36%$129,700
Cass County0.73%$115,600
Castro County1.33%$96,400
Chambers County1.13%$279,200
Cherokee County1.08%$138,500
Childress County1.51%$111,100
Clay County1.17%$139,700
Cochran County1.25%$48,000
Coke County1.22%$94,900
Coleman County0.91%$91,800
Collin County1.68%$476,100
Collingsworth County0.95%$89,500
Colorado County0.87%$172,900
Comal County1.15%$405,100
Comanche County1.12%$131,800
Concho County1.17%$92,900
Cooke County1.26%$207,100
Coryell County1.07%$179,800
Cottle County1.49%$51,400
Crane County0.97%$117,000
Crockett County0.94%$181,300
Crosby County1.5%$69,600
Culberson County0.74%$83,300
Dallam County1.19%$113,800
Dallas County1.55%$297,100
Dawson County1.21%$95,100
Deaf Smith County1.54%$107,500
Delta County1.12%$163,700
Denton County1.64%$428,400
DeWitt County0.95%$156,700
Dickens County0.95%$67,000
Dimmit County1.23%$75,900
Donley County0.69%$98,900
Duval County0.97%$76,000
Eastland County1.0%$110,500
Ector County1.29%$184,000
Edwards County1.53%$86,800
El Paso County1.98%$170,700
Ellis County1.37%$315,100
Erath County1.05%$219,600
Falls County1.02%$103,400
Fannin County1.0%$193,200
Fayette County0.78%$254,200
Fisher County1.15%$82,700
Floyd County1.41%$90,800
Foard County1.4%$65,000
Fort Bend County1.93%$351,600
Franklin County0.93%$194,800
Freestone County1.05%$154,900
Frio County1.4%$98,000
Gaines County1.57%$181,100
Galveston County1.55%$294,400
Garza County1.39%$87,500
Gillespie County0.99%$399,400
Glasscock County0.59%$258,300
Goliad County0.93%$172,400
Gonzales County1.15%$156,100
Gray County1.47%$93,600
Grayson County1.28%$250,500
Gregg County1.24%$187,700
Grimes County1.0%$212,500
Guadalupe County1.33%$295,500
Hale County1.4%$97,500
Hall County1.18%$68,000
Hamilton County0.93%$122,600
Hansford County1.55%$101,700
Hardeman County1.58%$65,800
Hardin County1.19%$175,800
Harris County1.6%$264,000
Harrison County0.95%$154,500
Hartley County1.3%$226,500
Haskell County1.3%$69,800
Hays County1.57%$400,000
Hemphill County1.29%$200,600
Henderson County1.08%$204,500
Hidalgo County1.77%$123,700
Hill County1.19%$142,000
Hockley County1.04%$110,800
Hood County1.08%$291,000
Hopkins County0.98%$172,800
Houston County0.92%$128,300
Howard County1.3%$132,900
Hudspeth County0.95%$57,400
Hunt County1.37%$258,000
Hutchinson County1.36%$96,500
Irion County1.42%$149,600
Jack County1.13%$135,500
Jackson County1.16%$140,300
Jasper County0.95%$117,400
Jeff Davis County0.87%$167,300
Jefferson County1.6%$160,800
Jim Hogg County1.47%$115,100
Jim Wells County1.23%$91,600
Johnson County1.32%$284,500
Jones County1.34%$88,400
Karnes County0.68%$137,800
Kaufman County1.65%$316,500
Kendall County1.03%$464,100
Kent County1.2%$76,400
Kerr County1.0%$260,700
Kimble County0.57%$189,600
Kinney County1.15%$112,200
Kleberg County1.73%$128,300
Knox County1.84%$55,100
La Salle County1.08%$99,400
Lamar County0.82%$152,800
Lamb County1.18%$79,300
Lampasas County0.85%$217,100
Lavaca County0.83%$205,500
Lee County0.94%$208,100
Leon County0.67%$158,700
Liberty County1.18%$154,900
Limestone County1.05%$135,400
Lipscomb County1.34%$119,800
Live Oak County0.77%$143,000
Llano County0.87%$287,000
Loving County0.67%$218,800
Lubbock County1.6%$209,200
Lynn County1.55%$116,800
Madison County1.09%$139,100
Marion County0.83%$103,100
Martin County0.97%$143,500
Mason County0.8%$254,500
Matagorda County1.28%$155,200
Maverick County1.48%$125,000
McCulloch County0.85%$98,700
McLennan County1.5%$233,400
McMullen County1.01%$105,100
Medina County1.28%$186,200
Menard County0.99%$86,500
Midland County1.25%$285,700
Milam County1.16%$149,600
Mills County0.81%$188,900
Mitchell County1.15%$83,900
Montague County1.01%$166,900
Montgomery County1.59%$342,600
Moore County1.55%$122,700
Morris County1.06%$108,600
Motley County0.92%$72,100
Nacogdoches County0.98%$150,700
Navarro County1.27%$142,300
Newton County0.88%$90,100
Nolan County1.45%$91,300
Nueces County1.52%$201,600
Ochiltree County1.71%$118,400
Oldham County1.39%$125,000
Orange County1.24%$190,200
Palo Pinto County1.17%$151,500
Panola County1.02%$139,400
Parker County1.39%$365,500
Parmer County1.26%$134,300
Pecos County0.7%$144,300
Polk County1.02%$151,100
Potter County1.47%$140,300
Presidio County0.97%$121,000
Rains County1.18%$174,000
Randall County1.49%$240,500
Reagan County0.85%$123,900
Real County0.73%$258,000
Red River County0.89%$113,600
Reeves County0.99%$108,800
Refugio County1.05%$92,900
Roberts County0.89%$164,200
Robertson County0.75%$156,800
Rockwall County1.58%$422,500
Runnels County1.47%$89,700
Rusk County0.92%$148,100
Sabine County0.97%$134,300
San Augustine County0.63%$82,400
San Jacinto County0.83%$167,700
San Patricio County1.5%$178,300
San Saba County0.63%$134,300
Schleicher County0.53%$96,700
Scurry County1.49%$109,400
Shackelford County1.25%$178,500
Shelby County0.85%$107,400
Sherman County1.8%$108,100
Smith County1.31%$224,600
Somervell County0.79%$246,600
Starr County1.3%$98,400
Stephens County1.18%$98,000
Sterling County1.0%$121,000
Stonewall County1.69%$54,700
Sutton County1.66%$132,600
Swisher County1.36%$85,300
Tarrant County1.68%$311,900
Taylor County1.42%$189,000
Terrell County1.13%$119,800
Terry County1.42%$105,500
Throckmorton County1.05%$67,000
Titus County1.13%$138,900
Tom Green County1.4%$193,800
Travis County1.42%$574,000
Trinity County1.05%$104,300
Tyler County0.95%$124,900
Upshur County1.12%$166,600
Upton County1.04%$95,600
Uvalde County1.25%$129,900
Val Verde County1.29%$138,500
Van Zandt County0.91%$181,300
Victoria County1.55%$205,800
Walker County1.2%$199,300
Waller County1.49%$268,200
Ward County0.66%$117,700
Washington County0.87%$248,300
Webb County1.75%$171,200
Wharton County1.35%$170,100
Wheeler County1.32%$105,200
Wichita County1.66%$145,600
Wilbarger County1.48%$82,300
Willacy County1.44%$66,900
Williamson County1.67%$472,000
Wilson County1.35%$266,600
Winkler County0.92%$109,100
Wise County1.14%$299,900
Wood County0.84%$170,700
Yoakum County1.18%$167,900
Young County1.27%$142,100
Zapata County0.89%$84,800
Zavala County1.5%$77,300
Source: American Communities Survey 2022, U.S. Census

How to use the mortgage calculator

  1. Under "Loan amount," enter the amount you intend to borrow.

  2. Under "Interest rate," enter the mortgage interest rate that you expect to get.

  3. Under "Loan term (years)," enter the length of the mortgage in years. Most mortgages have 30-year terms.

After you enter these three pieces of information, the calculator prominently displays the monthly payment inside the "Your loan estimate" window. It also displays:

  • The loan amount (under "Total principal").

  • How much interest you would pay over the life of the loan ("Total interest payments").

  • The total principal plus interest you would pay over the loan's term ("Total loan payments").

  • The monthly principal and interest payment excluding taxes and insurance ("Monthly mortgage payment").

  • The payoff date, which is the month when you would pay the last scheduled payment.

Calculating costs in addition to principal and interest

The calculator lets you fine-tune your payment by entering your annual property tax premium, annual home insurance premium, monthly homeowner association fee and monthly cost of mortgage insurance. Note that you'll enter the annual cost for property tax and home insurance, and the monthly cost for HOA fees and mortgage insurance.

Select "Show amortization schedule" to uncover a table that shows how much you'll pay in principal and interest each month, as well as the remaining amount you owe ("Principal balance") after making the payment.

Explanation of terminology

  • Loan amount: Also known as principal, this is the amount you borrow. Each mortgage payment reduces the principal you owe.

  • Interest rate: How much the lender charges you to lend you the money. Interest rates are expressed as an annual percentage. A lower interest rate gives you a smaller monthly payment.

  • Loan term (years): The term is the number of years it will take to pay off the mortgage. A longer term gives you a lower monthly payment than a shorter term does. But you pay more total interest with a longer term because you're paying interest for more months.

  • Start date: The month that your first mortgage payment is due.

  • Property taxes: The annual tax assessed by a government authority on your home and land. You pay about one-twelfth of your annual tax bill with each mortgage payment, and the servicer saves them in an escrow account. When the taxes are due, the loan servicer pays them.

  • Homeowners insurance: Your policy covers damage and financial losses from fire, storms, theft, a tree falling on your house and other bad things. As with property taxes, you pay roughly one-twelfth of your annual premium each month, and the servicer pays the bill when it's due.

  • Monthly HOA fees: The amount you may pay each month if you belong to a homeowners association. Typically, these dues are billed directly, not added to the monthly mortgage payment. Because HOA dues can be easy to forget when considering the cost of homeownership, NerdWallet's mortgage calculator allows you to enter them here.

  • Private mortgage insurance: If your down payment is less than 20% of the home’s purchase price, you’ll likely pay mortgage insurance. It protects the lender in case a borrower defaults on a mortgage.

Using the mortgage calculator to compare scenarios

This mortgage calculator lets you change the loan amount, interest rate, loan term and other factors so you can see the effect on monthly payments.

Feel free to test it out by entering your loan amount, then altering the interest rate or the loan term (or both). You won't break anything!

If you're looking to see how much you could save by refinancing your mortgage, try NerdWallet's refinance calculator.

» MORE FOR CANADIAN READERS: Canada mortgage payment calculator

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