Texas mortgage calculator

30-year fixed mortgage calculator with Texas-specific defaults. Median home price $305,000 · property tax effective rate 1.69%. All inputs update live; share your scenario as a URL.

Median home price reconciled 2026-04-22. Source: Zillow Home Value Index, state-level.

Your loan

Home price

$100k$2M

Down payment$61,000

Interest rate30-yr avg: 6.875%

Loan term

Taxes & insurance

(optional, but realistic)

State

Texas

State pre-set for this page. Switch state

Property tax rate

~$430 per month

Homeowner insurance

HOA dues (if any)

PMI required. With 20% down (LTV 80.0%), private mortgage insurance is added at 0.50% of the loan annually — that's $102/month. PMI auto-removes at month 28 (78% LTV, per the Homeowners Protection Act).

Extra payments

(optional — accelerate payoff)

Biweekly paymentsPay half the monthly amount every two weeks (26 half-payments per year ≈ 13 monthly equivalents). Typically saves 4-7 years and tens of thousands in interest on a 30-year loan.

Extra each month

Applied as additional principal every month.

One-time lump sum

Single payment toward principal at the specified month (e.g. tax refund or bonus).

Estimated monthly payment

For a $305,000 home, 20% down, 6.875% APR, 30-year fixed in Texas.

Where your payment goes

Principal & interest$1,603

Property tax$430

Homeowner insurance$145

PMI$102

Loan amount

$244,000

Total interest

$333,046

Total paid

$577,046

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How your balance falls over time

The crossover point — where more of each payment goes to principal than interest — is at year 20.

BalanceInterest paidPrincipal paid

Amortization schedule

Year-by-year breakdown of every payment.

Period	Payment	Principal	Interest	Total interest paid	Balance
Y01Year 1	$19,235	$2,539	$16,696	$16,696	$241,461
Y02Year 2	$19,235	$2,719	$16,516	$33,212	$238,742
Y03Year 3	$19,235	$2,912	$16,323	$49,535	$235,830
Y04Year 4	$19,235	$3,119	$16,116	$65,651	$232,711
Y05Year 5	$19,235	$3,340	$15,895	$81,546	$229,372
Y06Year 6	$19,235	$3,577	$15,658	$97,204	$225,795
Y07Year 7	$19,235	$3,831	$15,404	$112,608	$221,964
Y08Year 8	$19,235	$4,103	$15,132	$127,740	$217,861
Y09Year 9	$19,235	$4,394	$14,841	$142,582	$213,468
Y10Year 10	$19,235	$4,705	$14,529	$157,111	$208,762
Y11Year 11	$19,235	$5,039	$14,196	$171,307	$203,723
Y12Year 12	$19,235	$5,397	$13,838	$185,145	$198,326
Y13Year 13	$19,235	$5,780	$13,455	$198,600	$192,546
Y14Year 14	$19,235	$6,190	$13,045	$211,645	$186,357
Y15Year 15	$19,235	$6,629	$12,606	$224,251	$179,727
Y16Year 16	$19,235	$7,100	$12,135	$236,386	$172,628
Y17Year 17	$19,235	$7,603	$11,632	$248,017	$165,024
Y18Year 18	$19,235	$8,143	$11,092	$259,109	$156,882
Y19Year 19	$19,235	$8,721	$10,514	$269,624	$148,161
Y20Year 20	$19,235	$9,339	$9,895	$279,519	$138,822
Y21Year 21	$19,235	$10,002	$9,233	$288,752	$128,819
Y22Year 22	$19,235	$10,712	$8,523	$297,275	$118,107
Y23Year 23	$19,235	$11,472	$7,763	$305,038	$106,635
Y24Year 24	$19,235	$12,286	$6,949	$311,986	$94,349
Y25Year 25	$19,235	$13,158	$6,077	$318,063	$81,192
Y26Year 26	$19,235	$14,091	$5,143	$323,207	$67,100
Y27Year 27	$19,235	$15,091	$4,143	$327,350	$52,009
Y28Year 28	$19,235	$16,162	$3,073	$330,423	$35,846
Y29Year 29	$19,235	$17,309	$1,926	$332,349	$18,537
Y30Year 30	$19,235	$18,537	$698	$333,046	$0

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Texas context

No state income tax, but property tax is among the highest in the country (~1.7% effective) — partially offsetting the income-tax advantage.

Texas — related

Texas income tax

Top marginal — · No income tax

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Compare scenarios

Up to three mortgage scenarios side-by-side with a differential row.

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National 30-year fixed

Same calculator with cross-state defaults; manually pick any state.

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Last updated 2026-05-13