Texas Mortgage Calculator
Calculate your monthly mortgage payment for homes in Texas, factoring in local property taxes, home insurance, and HOA fees.
🗺️Why calculating in this state 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
This calculator uses the latest 2026 data for Texas, including the minimum wage of $7.25/hr and the specific lack of a state income tax.
$
State Tax RateNone
📊State Details
State Income Tax
None
Base Sales Tax
6.25%
State Min Wage
$7.25/hr
Abbreviation
TX
Net Income
$58,500.00
after taxes in Texas
Gross Income
$75,000.00
Total Tax
$16,500.00
📈Key Metrics
Net Income
$58,500.00
after taxes
State Tax
$0.00
state income tax
Effective Tax Rate
22.0%
total tax burden
ℹ️Summary
Gross Income$75,000.00
Federal Tax$16,500.00
State Tax$0.00
Net Income$58,500.00
❓Frequently Asked Questions
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.
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