Mortgage on a $100K house in Texas
$698 a month with 20% down — $538 principal and interest plus $110 property tax and $50 insurance.
Texas's typical property tax is 1.32% of the home's value a year (U.S. average 0.9%), which adds $110 a month on a $100K home. The typical home in Texas is worth $296,424, so $100K is 66% below the typical price.
$100K home in Texas: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $20,000 | $80,000 | $538 | $0 | $160 | $698 | $29,900 |
| 10% down | $10,000 | $90,000 | $605 | $38 | $160 | $803 | $34,400 |
| 5% down | $5,000 | $95,000 | $639 | $40 | $160 | $839 | $35,900 |
| 3.5% down (FHA) | $3,500 | $98,189 | $661 | $44 | $160 | $865 | $37,100 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.32% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Where in Texas does $100K buy a typical home?
In these counties the typical home value is within 15% of $100K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Dickens County | $99,808 | 1.44% | $708 |
| Wheeler County | $99,566 | 1.39% | $704 |
| Swisher County | $101,032 | 1.72% | $732 |
| Mitchell County | $98,441 | 1.86% | $743 |
| Haskell County | $104,184 | 1.16% | $684 |
| Gray County | $105,191 | 1.37% | $702 |
| Knox County | $94,236 | 1.6% | $722 |
| Stonewall County | $94,179 | 1.79% | $738 |
| Lamb County | $106,296 | 1.12% | $681 |
| Wilbarger County | $107,745 | 1.6% | $722 |
| Zavala County | $91,238 | 1.53% | $716 |
| Fisher County | $109,250 | 1.73% | $732 |
17 of 243 Texas counties tracked by Zillow have a typical home value at or below $100K. See all Texas home prices.
Other prices in Texas
Frequently asked questions
What is the mortgage on a $100K house in Texas?
About $698 a month with 20% down at 7.11%: $538 principal and interest, $110 property tax and $50 insurance.
How much do I need to make to buy a $100K house in Texas?
About $29,900 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $100K house in Texas?
At Texas's typical effective rate of 1.32%, about $1,322 a year. Rates vary by county and city — see the county pages.