Texas Mortgage Calculator — Rates, Property Tax & Homestead Exemption
Calculate your Texas mortgage payment including property taxes (~1.8%), PMI, and the Texas Homestead Exemption. Free, instant, and accurate.
Texas Mortgage Calculator
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Enter Values
Loan Amount
$280,000
Down Payment
▲ 20.0% ($70,000)
Total Interest Paid
$167,393
Total Cost of Loan
$447,393
Annual Property Tax (before homestead)
▼ $6,300/yr
Annual Property Tax (after homestead)
No exemption applied
Homestead Annual Savings
Apply for homestead exemption
No State Income Tax
▲ TX saves ~$1,750/mo vs. states with ~6% income tax
Scenario Comparison
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Monthly P&I
$2,486
Monthly w/ Tax & PMI
$3,011
Total Interest
$167,393
Total Cost
$447,393
Loan Balance Over Time
Year by Year
| Year | Balance | Paid | Interest |
|---|---|---|---|
| 1 | $268,871 | $11,129 | $18,697 |
| 3 | $244,216 | $35,784 | $53,695 |
| 5 | $215,981 | $64,019 | $85,112 |
| 7 | $183,644 | $96,356 | $112,427 |
| 9 | $146,611 | $133,389 | $135,047 |
| 11 | $104,199 | $175,801 | $152,287 |
| 13 | $55,627 | $224,373 | $163,367 |
| 15 | $0 | $280,000 | $167,393 |
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