Mortgage Calculator
Estimate your monthly payment with state-accurate property tax rates. Updated with Freddie Mac rates as of March 16, 2026.
Your Numbers
Property tax rate: 1.60% · Avg insurance: 1.59%
Estimated Monthly Payment
$2,658
30-year fixed · 6.27% · Texas
Affordability Rule of Thumb
To comfortably afford this payment, your recommended annual household income is $113,917 or more (28% gross income rule).
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How We Calculate Your Payment
Your monthly mortgage payment is made up of four components — principal, interest, taxes, and insurance. We use the standard amortization formula with current Freddie Mac rates (updated March 16, 2026) and state-specific property tax rates from the Tax Foundation and WalletHub 2026 data.
Property tax rates are state averages. Your actual rate may be higher or lower depending on county, city, and school district. If you put down less than 20%, most lenders require Private Mortgage Insurance (PMI), estimated here at 0.85% of the loan amount annually.
Current Rates (March 16, 2026)
| 30-year fixed | 6.27% |
| 15-year fixed | 5.5% |
| 20-year fixed | 5.85% |
| 10-year fixed | 5.2% |
Source: Freddie Mac PMMS / Bankrate
Property Tax Range by State
Source: Tax Foundation / WalletHub 2026
Know the full cost
before you break ground.
This mortgage calculator estimates your payment. Our full report gives you the 14-category build cost that comes before it.
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