Texas · TX

Texas Mortgage Calculator

Pre-filled for Texas: median home price $305,000, average property tax rate 1.74%. Adjust any slider to make it yours.

No state income tax. Property taxes among the highest.

Texas housing at a glance

Median home price: $305,000
Effective property tax rate: 1.74% / yr
Annual property tax (median home): $5,307
Est. monthly tax escrow: $442
State income tax: None

Sources: regional housing data 2025 (median price), state assessor averages 2024–2025 (tax rate).

Buying a home in Texas

The median home price in Texas is around $305,000 and the effective property tax rate averages 1.74%of assessed value per year. Most lenders look for a debt-to-income (DTI) ratio under 43%, meaning your total monthly debt payments (including this mortgage) shouldn't exceed 43% of your gross income.

Because Texas has no state income tax, your net take-home pay is higher than in comparable-income states — which directly increases how much mortgage you can qualify for under DTI limits.

A 20% down payment on the median home in Texas is $61,000. Putting down at least 20% eliminates private mortgage insurance (PMI), which typically adds 0.3–1.5% of the loan amount per year to your monthly payment.

Top counties in Texas

Home prices vary significantly by county. The most populated counties in Texas tend to command the highest medians:

Harris County (Houston): $290,000
Dallas County: $320,000
Travis County (Austin): $555,000

Adjust the home-price slider above to match the county you're buying in.

Transfer tax & closing costs in Texas

Texas has no real estate transfer tax — one of only a handful of states with none.

Beyond transfer taxes, total closing costs in Texastypically range from 2–5% of the purchase price — including lender origination fees, title insurance, appraisal, and prepaid interest. On the median home that's roughly $6,100–$15,250.

Foreclosure & legal context

Foreclosure type: Non-judicial (trustee sale)
Security instrument: Deed of Trust
Deficiency liability: Recourse

Texas allows non-judicial foreclosure as fast as 21 days from notice to sale. Homestead protection is among the strongest in the US, with unlimited equity shielded from most creditors.

Texas mortgage FAQ

What is the monthly mortgage payment for a median-priced home in Texas?: At the current 30-year fixed rate of ~6.81%, a $305,000 home in Texas with 20% down ($61,000) carries a principal-and-interest payment of ~$1,592/mo. Add property tax (~$442/mo at 1.74%) and homeowners insurance and your total is roughly $2,035/mo. Use the calculator above to adjust for your exact down payment and rate.
What is the property tax rate in Texas?: The effective statewide property tax rate in Texas averages 1.74% of assessed value per year. On a $305,000 home, that works out to roughly $5,307 per year ($442/mo). Individual county rates vary.
Does Texas have a state income tax?: No, Texas has no state income tax — no state income tax. property taxes among the highest. This can significantly improve affordability compared to high-income-tax states.
What are the closing costs and transfer taxes in Texas?: Texas has no real estate transfer tax — one of only a handful of states with none.
What type of foreclosure does Texas use?: Texas uses non-judicial (trustee sale) foreclosure, which typically moves faster than court-supervised processes. Texas allows non-judicial foreclosure as fast as 21 days from notice to sale. Homestead protection is among the strongest in the US, with unlimited equity shielded from most creditors.

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