Austin, Texas Mortgage Calculator - Estimate Your Monthly Payment with Taxes, PMI & Insurance

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. Use this state mortgage calculator to combine that assumption with principal, interest, insurance, and PMI, then drill into county or city pages when you have a specific address.

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. Use this state mortgage calculator to combine that assumption with principal, interest, insurance, and PMI, then drill into county or city pages when you have a specific address.

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. Use this state mortgage calculator to combine that assumption with principal, interest, insurance, and PMI, then drill into county or city pages when you have a specific address.

With 20% down at 6.5% for 30 years, principal and interest are about $2,023. At ~1.54% statewide property-tax planning rate, monthly escrow is about $513; with $100 insurance, estimated PITI is about $2,636 without PMI. Drill into county or city calculators for address-level millage.

Travis County adopted a rate of $0.375845 per $100 valuation for FY 2026. Combined with AISD, City of Austin, ACC, and Central Health, the total rate averages about $2.07 per $100. Use this county mortgage calculator to combine that local assumption with principal, interest, insurance, and PMI so your monthly PITI estimate is closer to a full housing payment before you talk to a lender.

Yes. Travis County offers the maximum 20% homestead exemption (minimum $5,000) on the county portion of property taxes. Homeowners 65+ or disabled qualify for an additional $143,220 exemption. Use this county mortgage calculator to combine that local assumption with principal, interest, insurance, and PMI so your monthly PITI estimate is closer to a full housing payment before you talk to a lender.

Travis County's total combined rate averages about 2.07% - in the middle range for major Texas counties. Harris County (Houston) often exceeds 2.5% inside MUDs, while Collin County averages 1.7%. Your actual bill depends heavily on your school district and city.

File a homestead exemption to cap annual appraisal increases at 10%, apply for the 20% county exemption, and check if you qualify for the $143,220 over-65/disabled exemption. Protest your appraisal annually through the Travis Central Appraisal District - many homeowners see reductions.

With 20% down at 6.5% for 30 years, principal and interest are about $2,023. At ~0.62% property tax, monthly escrow is about $207; with $100 insurance, estimated PITI is about $2,330 without PMI. Adjust price, rate, and down payment above to match your offer.

The adopted FY 2025-26 rate is $0.524017 per $100 of taxable value, following the rejection of Prop Q in November 2025 which would have raised it to $0.574017. Use this city mortgage calculator to combine that local assumption with principal, interest, insurance, and PMI so your monthly PITI estimate is closer to a full housing payment before you talk to a lender.

Yes. The City of Austin Homebuyer Assistance Program offers up to $40,000 as a 0% forgivable loan for income-qualified first-time buyers purchasing inside city limits. Use this city mortgage calculator to combine that local assumption with principal, interest, insurance, and PMI so your monthly PITI estimate is closer to a full housing payment before you talk to a lender.

Austin's combined tax rate of approximately 2.07% means a $500,000 home costs about $10,350 in annual property taxes. While that's significant, the 20% homestead exemption and 10% appraisal cap help manage the long-term burden. Many buyers offset taxes through Austin's DPA program and lower-than-national mortgage rates on smaller loan amounts.

$40,000 covers a 5% down payment on an $800,000 home or 10% on a $400,000 home - but the program's purchase price cap of $579,025 and income limit of $78,800 mean it targets more affordable properties. For buyers in that range, $40,000 as a forgivable 0% loan is one of the most generous DPA programs in Texas.

In November 2025, Austin voters rejected Proposition Q which would have raised the city's rate from $0.524017 to $0.574017. The rate stayed flat at $0.524017 for FY 2025-26. Future rate increases would require a new voter-approved proposition or natural growth in assessed values under the 10% cap.

Austin (Travis County) combined rates run 1.90-2.20%, while Dallas (Dallas County) combined rates run 2.10-2.40%. On a $350,000 home, you'd pay about $7,000-$7,700 in Austin vs. $7,350-$8,400 in Dallas - a potential savings of $350-$700 per year in Austin. But Dallas home prices are typically lower, which can offset the rate difference.

With 20% down at 6.5% for 30 years, principal and interest are about $2,023. At ~1.15% property tax, monthly escrow is about $382; with $100 insurance, estimated PITI is about $2,505 without PMI. Adjust price, rate, and down payment above to match your offer.