Texas Mortgage Calculator
See your monthly payment on a Texas home, including property tax at the state average of 1.58%.
Monthly payment in Texas
With 20% down, a 30-year loan at 6.5% and Texas's effective property tax of 1.58%:
| Home price | Principal and interest | Property tax | Insurance (est.) | Total per month |
|---|---|---|---|---|
| $250,000 | $1,264 | $329 | $150 | $1,743 |
| $300,000 | $1,517 | $395 | $150 | $2,062 |
| $400,000 | $2,023 | $527 | $150 | $2,699 |
| $500,000 | $2,528 | $658 | $150 | $3,337 |
| $600,000 | $3,034 | $790 | $150 | $3,974 |
The 6.5% rate is an example. Current rates change weekly; see Freddie Mac for the latest average.
Property tax in Texas
The effective property tax rate in Texas is about 1.58% of a home's value each year. On a $400,000 home that is roughly $6,320 a year or $527 a month. Actual bills depend on county, school district and exemptions.
How Texas property tax compares
The average effective property tax rate across states is about 0.99%. Texas ranks number 46 of 51 from lowest to highest. States with the closest rates:
| State | Effective rate | Monthly tax on $400,000 |
|---|---|---|
| Iowa | 1.43% | $477 |
| Wisconsin | 1.46% | $487 |
| Nebraska | 1.54% | $513 |
| Texas | 1.58% | $527 |
| New Hampshire | 1.64% | $547 |
| Vermont | 1.78% | $593 |
| Connecticut | 1.79% | $597 |
15-year or 30-year loan?
| Loan on $320,000 at 6.5% | Monthly principal and interest | Total interest |
|---|---|---|
| 30-year fixed | $2,023 | $408,142 |
| 15-year fixed | $2,788 | $181,758 |
A 15-year loan costs more each month but saves a large amount of interest. Property tax and insurance in Texas come on top of either payment.
Frequently asked questions
How much is a $400,000 mortgage payment in Texas?
With 20% down at 6.5% for 30 years the payment is about $2,699 a month including estimated tax and insurance.
Sources and method
Page last updated November 2026. See our editorial policy and disclaimer.