Estimate your total monthly mortgage payment for any Texas home — principal, interest, property taxes, insurance, and PMI. Verified county tax rates built in. No credit pull.
A mortgage payment typically includes principal, interest, property taxes (escrowed), homeowners insurance (escrowed), and PMI if your down payment is less than 20%. HOA dues are additional.
Texas property taxes typically run 1.8%–2.8% of assessed value annually, varying by county and school district. On a $400,000 home that can add $600–$940 per month.
PMI on a conventional loan automatically cancels when your LTV reaches 78% of the original purchase price. You can request cancellation at 80% LTV with a new appraisal.
A 30-year provides lower required payments and flexibility. A 15-year carries a lower rate and cuts total interest roughly in half, but requires higher payments.