Dallas Mortgage Calculator - Monthly Payment with Taxes, PMI & Insurance
Dallas adds a city property-tax layer on top of Dallas County and DISD levies. The FY 2025-26 rate of $0.6997 per $100 represents the 10th consecutive annual rate decrease. The city offers a 20% homestead exemption and a $175,000 over-65/disabled exemption.
Loan Details
$70,000 · LTV 80%
Buyer Profile
Extra Payment
Optional principal-only payment used to estimate payoff speed and interest savings.
Monthly Payment
$1,770 Principal & Interest · $435 Property Taxes · $125 Other
Methodology and limitations
Last reviewed:
Methodology
Uses standard principal-and-interest mortgage math, then models housing-cost inputs such as tax, insurance, PMI, and extra-payment scenarios where available.
Limitations
Planning estimate only. Actual approval, escrow, PMI, fees, taxes, insurance, and closing disclosures depend on lender, property, borrower profile, and local rules.
Official sources
- Consumer Financial Protection Bureau mortgage cost guidance
- Texas Comptroller residence homestead exemptions
- Texas Department of Insurance title premium rates
- TSAHC homebuyer assistance
- TDHCA My First Texas Home
- Dallas County Tax Office — 2025 Tax Rates
- Dallas Central Appraisal District — Tax Rates
- City of Dallas — FY 2025-26 Adopted Tax Rate
- City of Dallas over-65 / disabled exemption increase
Dallas Mortgage Calculator - Monthly Payment with Taxes, PMI & Insurance
Texas · Dallas County
Dallas adds a city property-tax layer on top of Dallas County and DISD levies. The FY 2025-26 rate of $0.6997 per $100 represents the 10th consecutive annual rate decrease. The city offers a 20% homestead exemption and a $175,000 over-65/disabled exemption.
Use this mortgage calculator for Dallas, Texas to estimate the monthly payment with principal, interest, configured annual taxes, eligible exemptions, and assistance programs when the buyer profile matches the conditions.
What This Estimate Uses
- Geographic level: city
- Configured property tax rate: 2.37%
- Configured benefits or exemptions: 12
- Reviewed sources: 9
What Changes in Dallas, Texas
- Data level used: city. This page uses the most specific available data layer for Dallas, Texas.
- Configured combined annual property tax rate: 2.37% before exemptions and buyer-specific conditions are applied.
- Configured down payment assistance programs: TSAHC Home Sweet Texas, TDHCA My First Texas Home, Dallas Homebuyer Assistance Program.
Local Tax Assumptions
These are the annual tax assumptions configured for this page. The calculator applies them to the appropriate value, then accounts for exemptions or conditions when the buyer selects them.
- School District (ISD) Property Tax — 1.140%
- County Property Tax — 0.215%
- Parkland Hospital District — 0.212%
- Dallas College (DCCCD) — 0.107%
- City of Dallas Property Tax — 0.700%
Programs and Exemptions Included
These benefits do not mean automatic approval. The calculator models them when the buyer inputs match the configured eligibility conditions.
- ISD Homestead Exemption — $100,000 (requires: primary residence)
- Local Optional Homestead — 20% (requires: primary residence, local optional homestead exemption is offered)
- Age 65+ ISD Tax Ceiling — $10,000 (requires: primary residence, buyer is age 65 or older)
- Disabled Veteran Exemption — $12,000 (requires: primary residence, buyer is a disabled veteran)
- Dallas County Homestead Exemption — 20% (requires: primary residence)
- Dallas City Homestead Exemption — 20% (requires: primary residence)
- Dallas Over-65 / Disabled Exemption — $175,000 (requires: primary residence, buyer is age 65 or older)
- TSAHC Home Sweet Texas — 5% of loan (requires: first-time buyer, primary residence, income is below the program cap)
- TDHCA My First Texas Home — 5% of loan (requires: all buyers are first-time buyers, primary residence, income is below the program cap)
- Dallas Homebuyer Assistance Program — $40,000 (requires: first-time buyer, primary residence, income is below the program cap, inDallasCityLimits)
- Mortgage Credit Certificate (MCC) — 20% of mortgage interest (requires: first-time buyer, primary residence, buyer has a Mortgage Credit Certificate)
- Texas MCC — 20% of mortgage interest (requires: first-time buyer, primary residence, income is below the program cap, buyer has a Mortgage Credit Certificate)
When This Estimate Can Change
- The actual property tax bill depends on the address, overlapping taxing jurisdictions, approved exemptions, and appraised value.
- Home insurance, flood insurance, HOA dues, and PMI can vary by property, lender, and buyer profile.
- Configured closing costs include Title Insurance (Texas promulgated rate), but other settlement charges may appear on a real loan estimate.
Local Data and Sources
Last editorial verification: June 3, 2026. This page combines the official data layers configured for Dallas, Texas.
The sources used on this page are Consumer Financial Protection Bureau mortgage cost guidance, Texas Comptroller residence homestead exemptions, Texas Department of Insurance title premium rates, TSAHC homebuyer assistance, TDHCA My First Texas Home, Dallas County Tax Office — 2025 Tax Rates, Dallas Central Appraisal District — Tax Rates, City of Dallas — FY 2025-26 Adopted Tax Rate, City of Dallas over-65 / disabled exemption increase. Each source lists which rate, exemption, or program it validates and when it was last reviewed.
- Consumer Financial Protection Bureau mortgage cost guidance — verified May 3, 2026 — General U.S. mortgage closing-cost and mortgage-cost guidance.
- Texas Comptroller residence homestead exemptions — verified May 3, 2026 — Official source for Texas homestead exemption and appraisal-cap rules.
- Texas Department of Insurance title premium rates — verified May 3, 2026 — Official source for Texas promulgated title insurance premium rate tables.
- TSAHC homebuyer assistance — verified May 3, 2026 — Official source for TSAHC DPA program availability and limits.
- TDHCA My First Texas Home — verified May 3, 2026 — Official source for TDHCA first-time buyer assistance and MCC program rules.
- Dallas County Tax Office — 2025 Tax Rates — verified June 3, 2026 — Official source for Dallas County adopted tax rate of $0.215500 per $100 and exemption info.
- Dallas Central Appraisal District — Tax Rates — verified June 3, 2026 — Official source for Dallas County property tax rates and exemption schedules.
- City of Dallas — FY 2025-26 Adopted Tax Rate — verified June 3, 2026 — Official source for Dallas adopted property-tax rate of $0.6997 per $100 valuation.
- City of Dallas over-65 / disabled exemption increase — verified June 3, 2026 — Official source for Dallas increasing the over-65/disabled exemption to $175,000 for 2025.
Frequently Asked Questions
What is the property tax rate in Texas?
Texas has no state property tax. Local rates average 1.6-2.2% and are the sum of school district, county, city, and special district levies.
What first-time buyer programs exist in Texas?
TSAHC Home Sweet Texas and TDHCA My First Texas Home both offer down payment assistance up to 5% of the loan, subject to current program limits. The Texas MCC provides an annual federal tax credit of up to $2,000.
How does the Texas homestead exemption work?
Primary residences receive a $100,000 school district exemption, plus an optional 20% local exemption (capped at $5,000 minimum). Appraised value can only rise 10% per year while homesteaded.
What is the Dallas County property tax rate?
Dallas County adopted a rate of $0.215500 per $100 valuation for 2025, unchanged from 2024. Combined with other entities, the total rate for a typical Dallas address is approximately 2.22%.
Does Dallas County offer a homestead exemption?
Yes. Dallas County offers a 20% homestead exemption (minimum $5,000). The City of Dallas also offers a 20% homestead exemption plus a $175,000 over-65/disabled exemption.
Are property taxes in Dallas County high?
Dallas County's own rate is a modest $0.215500 per $100, but Parkland Hospital ($0.212), Dallas College ($0.106575), and your city/school district add significantly. Total combined rates typically land between 2.1% and 2.4%, making Dallas County a mid-range option among major Texas counties.
How much does the Parkland Hospital district add to my Dallas County tax bill?
Parkland Hospital District adds $0.212 per $100 of assessed value — roughly $636 per year on a $300,000 home. That's about 10% of your total property tax bill in Dallas County.
Dallas County vs. Tarrant County: Which has lower property taxes?
Tarrant County has the lower county rate at $0.186200 per $100 vs. Dallas County's $0.215500. For a $300,000 home, the county-level difference is about $88 per year. But Tarrant lacks a major trauma hospital district like Parkland, and city rates vary. Tarrant's lower overall combined rates can save you $200-$500 annually depending on city and school district.
What is the City of Dallas property tax rate?
The FY 2025-26 rate is $0.6997 per $100 valuation, down from $0.7047 the prior year. This is the 10th consecutive year Dallas has reduced its tax rate.
Does Dallas offer a senior homestead exemption?
Yes. The City of Dallas offers a $175,000 exemption for homeowners 65+ or disabled, which is one of the most generous in Texas.
Are Dallas property taxes really going down 10 years in a row?
Yes — the City of Dallas has reduced its property tax rate for 10 consecutive years, from $0.79+ per $100 down to $0.6997 for FY 2025-26. Even with rising home values, the rate cuts help offset appraisal growth. Combined with the 20% homestead exemption, Dallas homeowners have seen meaningful tax relief over the decade.
Can I get both the 20% homestead and the $175,000 senior exemption?
Yes — they stack. The 20% homestead exemption reduces your home's taxable value first, then the $175,000 over-65/disabled exemption applies to the remaining value. For a $300,000 home, that's $60,000 off from the 20% exemption, then $175,000 off, leaving only $65,000 taxable by the city.
Is the Dallas Homebuyer Assistance Program actually available?
Yes — the program offers up to $40,000 with income limits around $80,000 and purchase price caps near $450,000. It's a deferred forgivable loan with 0% interest. Funds are allocated annually and can be depleted, so apply early in the fiscal year and work with a lender familiar with the program.
Dallas vs. Fort Worth: Which DFW city has better property taxes?
Dallas city rate is $0.6997 per $100 with a 20% homestead exemption, while Fort Worth rates $0.6725 per $100 with the same 20% exemption. Dallas also offers a $175,000 over-65 exemption vs. Fort Worth's doubled $80,000 exemption. For non-seniors, Fort Worth saves about $82 per year on a $300,000 home.