Mortgage PWA

Texas Mortgage Calculator

United States

Monthly payment

$2,593

Biweekly

$1,750

Price & down payment

Taxes, insurance, and fees

Extra payments

Payment schedule

FAQs

Texas Mortgage Calculator — frequently asked questions

Straight answers about taxes, PMI, extra payments, and biweekly schedules.

What is the average property tax rate in Texas?+

Texas has no state income tax but relies heavily on property taxes. Average effective rates range from about 1.5% to 2.2% depending on county and school district. The calculator defaults to 1.6%—adjust to match your area.

Does Texas have mortgage recording tax?+

Texas does not impose a mortgage recording tax or documentary transfer tax on the mortgage itself. You may pay recording fees to the county, but these are typically modest and not included in monthly payments.

How does no state income tax affect Texas mortgage affordability?+

Without state income tax, more of your take-home pay is available for housing. Lenders still use gross income for DTI, but your actual cash flow may support a higher payment than in high-tax states.

What is the conforming loan limit in Texas for 2025?+

The 2025 conforming loan limit for most of Texas is $766,550 for a single-family home. High-cost areas may have higher limits. Loans above this may require jumbo pricing.

Can I use this calculator for a Texas FHA loan?+

Yes. Set the down payment to 3.5% and adjust the PMI rate to approximate FHA’s annual MIP. The calculator will show your estimated payment including mortgage insurance.

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