Texas Mortgage Payment Calculator

Use this calculator to estimate a fixed-rate mortgage payment with Texas-oriented defaults for property tax and homeowners insurance.

Texas Defaults

Mortgage Payment Calculator

Estimate your starting monthly mortgage payment, PMI, and total interest over the full loan term. Defaults use broad Texas assumptions and can be edited.

Home price Down payment Interest rate (%) Property tax rate (%) Insurance rate (%) Monthly HOA

Override PMI rate

PMI rate (%)

Starting monthly payment

$0 All-in payment

Loan-only monthly payment

$0 Principal, interest, and PMI

Principal and interest

$0 Fixed mortgage payment

Monthly PMI

$0 Estimated mortgage insurance

Total interest

$0 Over the life of the loan

Total PMI paid

$0 PMI not required

Down payment

0%

Loan amount

$0

Monthly taxes

$0

Monthly insurance

$0

Monthly HOA

$0

Total paid on loan

$0

This is an estimate, not a loan offer. Texas defaults here are broad placeholders and do not model county-specific tax rates, escrow adjustments, or lender-specific PMI rules.

What It Includes

• Principal and interest
• PMI when down payment is below 20%
• Property tax estimate
• Homeowners insurance estimate
• Optional HOA
• Total interest over the full loan term

Notes

• Texas values are broad defaults, not county-specific quotes.
• PMI is estimated from the initial loan-to-value ratio unless you override it.
• PMI is assumed to drop once the scheduled balance reaches 80% of the original home price.
• This does not include closing costs, flood insurance, extra principal payments, or lender-specific rules.