Estimate your monthly payment
Adjust the numbers to see how price, down payment, and rate affect your monthly cost. Texas property taxes are built right in.
Estimated Monthly Payment
$3,102
- Principal & Interest$2,149
- Property Tax$708
- Home Insurance$200
- HOA$45
This is an estimate for planning purposes only and does not constitute a loan offer or pre-approval. Actual rates, taxes, and insurance will vary. For exact figures, talk with a licensed lender — we’re happy to connect you with a great one.
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Connect With UsFrequently asked questions
What's included in this mortgage estimate?
Principal and interest, plus estimates for property taxes and homeowners insurance. Texas has no state income tax but relatively high property taxes, so leaving them out would understate a Houston-area payment substantially.
Why are Texas property taxes so high?
Texas funds schools and local services through property tax rather than a state income tax. Rates vary by city, county, school district, and any MUD the property sits in, so two homes at the same price can carry very different monthly costs.
Is this calculator a loan pre-approval?
No. It's an estimate to help you plan. Only a lender can review your income, credit, and debts and issue an actual pre-approval — and you'll want one before you start making offers.
What else should I budget for beyond the mortgage payment?
HOA dues, MUD taxes if applicable, utilities, and ongoing maintenance. Closing costs are a separate one-time expense at purchase, typically a few percent of the price depending on your loan.