Texas Mortgage Calculator
Calculate your monthly mortgage payment for homes in Texas, factoring in local property taxes, home insurance, and HOA fees.
Why calculating mortgage in Texas is different
Texas has no state income tax.
State Income Tax
None
Base Sales Tax
6.25%
State Min Wage
$7.25 / hr
Abbreviation
TX
Texas Mortgage Interactive Tool
This calculator uses the latest 2026 data for Texas, including the minimum wage of $7.25 and the specific lack of a state income tax.
Frequently Asked Questions about Texas Mortgage
How much are typical closing costs in Texas?
Closing costs in Texas typically range from 2% to 5% of the total loan amount. This includes state-specific mortgage recording taxes and title fees.
Should I buy a home in Texas?
Buying a home in Texas requires factoring in the local property tax rates and home insurance costs, which can vary drastically between different counties.