Texas Mortgage Calculator

What Will Your Payment
Actually Be in Texas?

Online calculators forget Texas property taxes, MUD taxes, and insurance. This one doesn't. Get a realistic estimate before you fall in love with a house.

Your Loan Details

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= $40,000 down · $360,000 loan
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Enter an estimated rate — Tyler will give you a real quote.
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Katy/Cypress avg: 2.5–3.2%. Check your specific MUD district.
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Texas avg: ~$3,000–$4,500/yr. Get a real quote early.
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⚠️ Texas Buyer Tip: Many Houston-area communities have MUD taxes on top of base county/city taxes. New construction tax bills are often estimated on lot value only — your first full bill can be $300–$500/mo more than expected. Always ask Tyler to review the tax certificate before you commit.

Estimated Monthly Payment

$2,847
Principal · Interest · Taxes · Insurance
Principal & Interest$2,098
Property Taxes (est.)$833
Homeowners Insurance$267
PMI (est.)$0
P&I
Taxes
Insurance
PMI

Get a Real Pre-Approval

This estimate uses your inputs — Tyler will run your actual credit, income, and the real tax certificate for the home you're considering.

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Estimates only. Rate, taxes, and insurance will vary. Not a commitment to lend. Equal Housing Lender.

Common Texas Mortgage Questions

How much house can I afford in Houston TX?
Most lenders look for a total monthly payment (PITI) at or below 43% of your gross monthly income. In Houston TX, property taxes add significantly to your monthly cost — often $500–$1,000/mo more than buyers from other states expect. Use this calculator and then book a call with Tyler to run real numbers against your income.
What are typical property taxes in Katy TX?
Property taxes in Katy TX typically range from 2.3% to 3.2% depending on the school district, MUD district, and municipality. New construction in MUD districts often carries higher rates. Always request the actual tax certificate for any specific property before you commit — builder estimates are frequently based on lot value only.
What is PMI and when do I need it?
PMI (Private Mortgage Insurance) is required on conventional loans when your down payment is less than 20%. It typically costs 0.5%–1.5% of the loan amount annually and can be removed once you reach 20% equity. FHA loans carry mortgage insurance regardless of down payment amount.
Why is my Zillow payment estimate so different from this?
Zillow and most online calculators use national average property tax rates and often underestimate Texas taxes significantly. They also don't account for MUD taxes, PID taxes, or HOA fees that are common in Houston suburbs. This calculator lets you enter Texas-specific tax rates for a more accurate estimate.
How do I get a real mortgage pre-approval in Texas?
A real pre-approval requires a full credit pull, verification of income (W2s, tax returns, pay stubs), and review of your assets. It's different from a pre-qualification which is just based on what you say. Tyler provides full credit-based pre-approvals that sellers and realtors take seriously. Book a call to start.