Estimate Your Monthly Mortgage Payment in Texas

Use this free Texas mortgage calculator to quickly estimate your monthly payment, based on today’s rates and your loan details. Adjust the home price, down payment, interest rate, loan term, taxes, insurance, and HOA fees to see how each factor affects your total payment.

Whether you're buying in Dallas, Austin, Houston, San Antonio, or anywhere in between, this tool helps you understand what’s affordable — before you start shopping.

How This Calculator Helps You

Estimate your total monthly payment (principal, interest, taxes & insurance)

Compare different loan programs (FHA, VA, Conventional, Jumbo, etc.)

See how your payment changes with rate or down payment adjustments

Understand the impact of property taxes and HOA fees in Texas

Get an accurate starting point — no credit pull required

Want a Custom Rate Quote Instead?

This calculator gives you a helpful estimate — but an actual quote may be lower.
Click below for a free, personalized loan analysis based on your credit, income, and goals.

Mortgage Calculator FAQ

What costs are included in this mortgage calculation?

This calculator estimates principal & interest, property taxes (based on Texas averages), homeowners insurance, and optional HOA dues or mortgage insurance. Your actual payment may vary based on credit, county taxes, and loan type.

Are property taxes higher in Texas than other states?

Yes. Texas has higher-than-average property taxes, but no state income tax. Taxes vary by county and this calculator uses a default estimate you can adjust for accuracy.

Does this calculator pull my credit?

No. This tool is for education only and does not affect your credit score. You can use it freely to compare scenarios and estimate payments.

Can this calculator show FHA, VA, or Jumbo loans?

Yes. Just adjust the loan type, down payment, and mortgage insurance fields to compare different options. If you're looking at FHA or VA loans, keep in mind they include program-specific costs like upfront mortgage insurance or funding fees. I can walk you through those details and help you calculate an accurate payment based on your exact scenario.

What’s a good down payment for a Texas home?

Most Texas buyers put between 3% and 10% down. FHA allows 3.5%, and VA allows zero down for eligible borrowers. This calculator will show how your down payment changes your monthly payment.

How accurate is this payment estimate?

It’s very close provided the inputs are correct, but your actual rate, mortgage insurance, and taxes may differ slightly. If you want a firm number, we can run a full quote with no obligation and no credit pull upfront.

How can I lower my mortgage payment?

You can reduce your payment by:

Increasing your down payment

Improving your credit

Paying discount points

Choosing a longer loan term

Shopping lenders to find a lower rate

We can help walk you through those options.

Want a More Accurate Monthly Payment?

Click below to schedule a call, and I’ll walk you through a personalized quote based on your credit, income, and property details — often far more accurate than what online calculators can estimate.

What is DTI and why does it matter in mortgage approval?

DTI, or debt-to-income ratio, compares your monthly debt payments to your gross monthly income. Lenders use DTI to determine how comfortably you can take on a mortgage payment. A lower DTI generally means easier approval and better loan terms.

What’s a good DTI ratio to qualify for a mortgage in Texas?

Most conventional loans prefer a DTI of 45% or below, while FHA loans can go higher, sometimes up to 56.99% with strong credit. VA loans don’t have a hard DTI cap, but 41% is a common benchmark. The lower your DTI, the more flexibility you’ll have.

Does this calculator help me estimate my DTI?

Yes — the calculator will estimate your DTI based on your income and projected mortgage payment. Technically, this reflects your “front-end” or housing ratio, since it doesn’t factor in other monthly debts like car payments, credit cards, or student loans. It’s still a helpful way to see whether your future mortgage payment fits typical qualifying guidelines.