Payment Calculator · PITI
Most calculators quietly assume a national-average property tax rate — and understate Texas payments by hundreds of dollars. This one starts from a realistic Texas rate and lets you enter the real one for your address.
Estimate only — not a commitment to lend. Figures are illustrative and based on the values you enter. Actual payments depend on your credit profile, loan program, the property's assessed value and actual tax rate, insurance quotes, and current market pricing. Taxes and insurance are estimates, not quotes. All loans are subject to credit approval, income and asset verification, and property appraisal. Rates and terms vary and are not guaranteed.
Why the numbers differ here
Texas trades income tax for property tax — and that trade lands inside your monthly mortgage payment, not on an April tax return.
Texas funds schools and local services through property taxes rather than a state income tax. Effective rates rank among the nation's highest, and that cost sits in your escrow every month.
Many newer Texas developments add district taxes for water, sewer, and roads. Two similar homes a mile apart can differ by hundreds a month purely on district rate.
Lenders qualify you on full PITI. Higher taxes mean the same income supports a smaller loan here than in a low-property-tax state — which surprises nearly every relocating buyer.
On a primary residence, filing the Texas homestead exemption reduces taxable value and caps annual assessed growth. It is free to file and routinely forgotten by new arrivals.
Next steps
Answers
Most national calculators default to an average U.S. property tax rate of roughly 1.1%. Texas effective rates commonly run closer to 2%, and higher again in communities with MUD or PID district taxes. On a $400,000 home that difference alone is several hundred dollars a month — which is why this calculator puts the tax rate front and center instead of burying it.
Principal, Interest, Taxes, and Insurance — the four components of a typical mortgage payment. Lenders qualify you on the full PITI figure, not just principal and interest, which is exactly why the Texas tax picture affects how much house you can buy.
Municipal Utility Districts and Public Improvement Districts are special districts, common in newer Texas developments, that levy additional property tax to repay infrastructure like water, sewer, and roads. They can add meaningfully to your effective rate, and two similar homes in different districts can carry very different monthly payments. Always confirm the district rate for a specific address.
On a conventional loan, private mortgage insurance generally applies when you put down less than 20%, and it cancels as you build roughly 20–22% equity. FHA loans use a different structure — an upfront premium plus an annual premium that, with less than 10% down, typically lasts the life of the loan.
No. It is an educational estimate based on the figures you enter. Your actual payment depends on your credit, the loan program, the property's real assessed value and tax rate, insurance quotes, and current market pricing. Nothing here is a commitment to lend.
From estimate to real numbers
Calculators estimate. A licensed Texas loan officer confirms — using your actual credit, income, and the real tax rate for the address.
Get my real numbersThis is not a commitment to lend. All loans subject to credit approval, income and asset verification, and property appraisal. Rates and terms vary and are not guaranteed.