What’s the average mortgage payment in Texas?

The average mortgage payment in Texas is about $2,056 per month, according to National Mortgage Database statistics for the first quarter of 2026. That’s slightly higher than the national average monthly mortgage payment of $2,023. Your total monthly Texas mortgage payment may be higher or lower, depending on property tax rates, homeowners insurance premiums, fees, your loan terms, down payment amount, and credit profile. Learn more about what’s included in a Texas mortgage payment and how to estimate your monthly mortgage payment.

Key takeaways:

• The average mortgage payment in Texas is about $2,056, which is slightly higher than the national average.
• County averages range from roughly $1,437 in Hidalgo County to $3,111 in Travis County.
• Property taxes and homeowners insurance are two of the largest cost drivers in Texas and can be reduced with exemptions and comparison shopping.

Overview of the Texas housing market

Texas keeps growing. The population reached about 31.7 million in July 2025, up 8.8% since April 2020. More buyers competing for homes push prices up, and higher prices mean larger loans and bigger payments.

Texas still compares well on price. The median value of an owner-occupied home was $283,800.

Prices have cooled. National house prices rose just 1.7% in the year through the first quarter of 2026, while the West South Central division, which includes Texas, fell 0.7%. Austin-Round Rock-San Marcos posted the steepest decline of any large U.S. metro at 6.9%.

Rates matter as much as prices. The 30-year fixed-rate mortgage averaged 6.67% as of August 13, 2026, up from 6.58% a year earlier. Rates change daily, so check today's mortgage rates in Texas before you budget.

What's included in the average mortgage payment in Texas?

The $2,056 Texas average is a baseline for outstanding residential mortgages that include fees paid with an escrow account, such as property taxes and homeowners insurance. Property tax rates vary by county and municipality, while homeowners insurance premiums depend on the insurance company, coverage level, and risk posed by the home’s location.

Principal and interest

Principal is the portion of your payment that reduces what you borrowed. Interest is what the lender charges to lend it. On a fixed-rate mortgage, principal and interest stay the same every month, though the split gradually shifts toward principal as your balance falls.

Property taxes and homeowners insurance in Texas

Most homeowners pay for their Texas property taxes and homeowners insurance with an escrow account. Their lender estimates the annual cost of those bills and adds a prorated monthly amount that covers those bills to your mortgage payment. When those bills come due, your lender pays them on your behalf and in full. 

Texas has no state property tax. Property taxes are assessed and administered locally by school districts, counties, cities, and special districts, which is why Texas property tax rules can vary from one address to the next. Most owners can claim a $140,000 school district homestead exemption on a primary residence, and homeowners 65 or older or with a qualifying disability get an additional $60,000.

The average annual homeowners insurance premium in Texas was $3,291 in 2024, up from $1,782 in 2015, partly because average coverage amounts rose, too. Rate increases have slowed, averaging 4.3% across residential policies in 2025 after 18.7% in 2024. Hail drives the largest share of paid losses.

PMI and HOA fees

Put down less than 20% on a conventional loan and you must pay for private mortgage insurance (PMI). You can request cancellation once your balance reaches 80% of the home's original value, and your servicer must end it automatically at 78% if your payments are current.

If your home is part of a homeowners association, you’ll also have to pay HOA fees, which are billed separately.

Regional differences in mortgage payments: How does Texas compare?

Location shapes your payment more than almost any other factor. Home prices, local tax rates, and growth patterns vary sharply across the state.

Monthly mortgage payments by county

Here are the average monthly payments in the 10 most populous Texas counties, including Harris County, home to Houston.

Source: National Association of REALTORS^®, County Median Home Prices and Monthly Mortgage Payment, Q4 2025. Population: U.S. Census Bureau, July 2025.

How to estimate your Texas mortgage payment

Estimating your monthly mortgage requires five inputs: home price, down payment, loan term, interest rate, and local taxes and insurance.

Payment examples by home price

Two buyers purchasing $300,000 homes in different Texas counties can end up with very different bills. The loan amount sets principal and interest; then county taxes and your insurance premium stack on top. With 20% down on a 30-year fixed loan at today's average rate, principal and interest alone would run about $1,029 a month on a $200,000 home and about $2,059 a month on a $400,000 home.

How much income may be needed

There's no single income threshold. Lenders weigh your debt-to-income ratio (DTI), which compares total monthly debt payments to gross monthly income, alongside your credit score and down payment. Rather than chasing an income number, work backward: pick a payment you're comfortable with, then find the price that supports it.

How to use a mortgage calculator

Use the free mortgage calculator from Rocket Mortgage and change one input at a time. Start with the home price and down payment, then adjust the interest rate and loan term to see how each moves the payment. Add estimated property taxes and insurance for your county to get a realistic total.

Key factors influencing mortgage payments in Texas

Beyond location, a few loan and borrower details set what you'll owe each month.

Home prices, rates, and loan terms

Larger loans and higher rates both raise your payment. Loan term cuts the other way: a 15-year fixed loan carries a higher monthly payment than a 30-year loan, but usually a lower rate and far less total interest. Comparing current Texas mortgage rates across terms is worth the time.

Down payment and mortgage insurance

The more you put down, the less you borrow and the smaller your payment. A 20% down payment on a conventional loan also lets you skip PMI from the start, saving well over $100 a month depending on loan size and credit.

Loan type, credit score, and debt-to-income ratio

Loan type affects both your rate and your mortgage insurance costs.

FHA loans in Texas allow a lower credit score and smaller down payment, but require you to pay an up-front annual mortgage insurance premium (MIP).

VA loans require no down payment and no monthly mortgage insurance for eligible service members and veterans,¹ and USDA loans serve eligible rural areas. Rocket Mortgage currently doesn’t offer USDA loans.

Buying above conforming limits brings jumbo loan limits in Texas into play.

A stronger credit score and a lower DTI generally earn you a better rate.

Closing costs and escrow

Closing costs are paid up front rather than monthly and typically cover appraisal, title, origination, and prepaid items. Knowing average closing costs in Texas helps you budget cash to close. Your escrow account is recalculated each year, so your payment can shift when taxes or insurance change.

Texas-specific mortgage resources

My First Texas Home

The Texas Department of Housing and Community Affairs (TDHCA) runs My First Texas Home, which pairs a 30-year low-interest mortgage with down payment and closing cost assistance for first-time buyers. Qualified veterans and buyers in targeted areas can qualify without the first-time buyer test, and My Choice Texas Home helps repeat buyers. A home buyer class is required.

Texas Mortgage Credit Certificate Program

The TDHCA also offers Texas mortgage credit certificates, which give eligible first-time buyers and veterans a dollar-for-dollar reduction in federal tax liability. It's available alongside a first mortgage or as a stand-alone option with no minimum credit score, and supplies are limited.

Local and regional assistance programs

Cities, counties, and local housing finance corporations run their own grants and forgivable loans. Funding runs out, so contact your local housing authority early. Other home buying resources in Texas can show what's available nearby.

FAQ

Here are answers to common questions about the average mortgage payment in Texas.

What's the average mortgage payment for $300K homes?

It depends on your down payment, rate, term, taxes, and insurance. With 20% down on a 30-year fixed loan, you'd finance $240,000. Principal and interest on that balance form the base; then county taxes and homeowners insurance are added.

What is the average monthly payment on a house in Texas?

About $2,056 for principal and interest. Your total monthly housing cost runs higher once property taxes, homeowners insurance, and any HOA fees are included.

Does the average Texas mortgage payment include taxes and insurance?

No. The $2,056 average covers principal and interest only. Texas property taxes and homeowners insurance are on top of that, and both run high relative to national levels.

How can I lower my monthly mortgage payment in Texas?

You can lower your monthly mortgage payment by refinancing when interest rates drop,² removing PMI once you reach 20% equity, extending your loan term, claiming your homestead exemption, and shopping around for homeowners insurance annually.

The bottom line on the average mortgage payment in Texas

The $2,056 Texas average is a reference point, not a prediction. What you pay comes down to your county, your loan terms, your taxes and insurance, and your credit. Compare loan options and run the numbers on specific homes before you commit.

Ready to see what you qualify for? Start your application today with Rocket Mortgage.

¹ Rocket Mortgage is a VA-approved lender, not endorsed or sponsored by the Dept. of Veterans Affairs or any government agency.

² Refinancing may increase finance charges over the life of the loan.