How Much Is Your Home Worth?

Texas mortgage calculator

What a Houston-area home really costs each month

Most calculators stop at principal and interest. In Texas, property taxes, MUD fees and insurance can add hundreds of dollars a month, so this one includes all of it: principal, interest, taxes, insurance, mortgage insurance and HOA dues.

$
We also use this as the taxable value, which is close for most purchases.
$35,000 down
%
Your lender's quote will depend on credit and points.
%
Only with less than 20% down. Often 0.3% to 1% based on credit.

Texas costs

%
Includes county, school district, city and MUD. Homes we see in Northeast Houston often run 2% to 3.5%. Every subdivision is different, so we pull the exact rate for each home.
Texas takes $140,000 off your home's value for school taxes once it's your primary home on January 1. Your first year's bill usually won't have it yet.
%
Most local school districts are near 0.9% to 1.1%.
$/yr
Houston-area quotes vary a lot. Get a real quote early.
$/yr
Required in a FEMA flood zone, smart almost everywhere here.
$
Many Texas HOAs bill once a year. Pick whichever matches the listing.
Estimated monthly payment
$3,338 /month
  • Principal & interest$2,149
  • Property taxes$758
  • Homeowners insurance$300
  • PMI$131
  • HOA dues$0
$315,000Loan amount
$35,000Down payment
Once your homestead exemption starts, this could drop by about $111/month.
Get the real numbers for a home
Why Texas payments run higher

What other calculators leave out

Property taxes and MUDs

Texas has no state income tax, so schools and counties rely on property taxes. Many newer neighborhoods also sit in a MUD (Municipal Utility District) that adds its own rate. Two homes at the same price can have very different payments.

The first-year tax surprise

Your homestead exemption starts the January after you move in, so your first tax bill is often higher than later ones. Lenders also collect a few months of taxes and insurance up front to start your escrow account.

Insurance and flood risk

Insurance costs in the Houston area have climbed, and flood coverage is separate from homeowners insurance. We learned about these costs on our own first home here, so we check them for every client before an offer.

This calculator gives estimates only. It is not a loan offer or a commitment to lend. Your actual payment depends on your lender, credit, the home's appraised value, the exact tax rates, and your insurance quotes. FHA figures use a 1.75% upfront premium added to the loan and a 0.55% yearly premium (0.50% with more than 5% down). VA figures use the 2026 funding fee, added to the loan. Want help with a specific home? Charles and I will pull the real tax rate, MUD and HOA for any address. Call or text 832-551-1005.

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