Mortgage on a $150K house in Texas
$1,047 a month with 20% down — $807 principal and interest plus $165 property tax and $75 insurance.
Texas's typical property tax is 1.32% of the home's value a year (U.S. average 0.9%), which adds $165 a month on a $150K home. The typical home in Texas is worth $296,424, so $150K is 49% below the typical price.
$150K home in Texas: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $30,000 | $120,000 | $807 | $0 | $240 | $1,047 | $44,900 |
| 10% down | $15,000 | $135,000 | $908 | $56 | $240 | $1,205 | $51,600 |
| 5% down | $7,500 | $142,500 | $959 | $59 | $240 | $1,258 | $53,900 |
| 3.5% down (FHA) | $5,250 | $147,283 | $991 | $66 | $240 | $1,297 | $55,600 |
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 $150K buy a typical home?
In these counties the typical home value is within 15% of $150K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Eastland County | $148,997 | 1.08% | $1,018 |
| Concho County | $148,501 | 1.68% | $1,092 |
| Potter County | $147,877 | 1.46% | $1,064 |
| Coke County | $147,025 | 1.16% | $1,028 |
| Pecos County | $153,302 | 1.03% | $1,011 |
| Marion County | $146,312 | 0.74% | $974 |
| Culberson County | $154,316 | 0.97% | $1,003 |
| Kleberg County | $145,523 | 1.47% | $1,066 |
| Stephens County | $154,661 | 1.48% | $1,067 |
| Dallam County | $154,785 | 1.15% | $1,026 |
| Newton County | $155,255 | 0.82% | $985 |
| Scurry County | $144,049 | 1.27% | $1,041 |
62 of 243 Texas counties tracked by Zillow have a typical home value at or below $150K. See all Texas home prices.
Other prices in Texas
Frequently asked questions
What is the mortgage on a $150K house in Texas?
About $1,047 a month with 20% down at 7.11%: $807 principal and interest, $165 property tax and $75 insurance.
How much do I need to make to buy a $150K house in Texas?
About $44,900 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $150K house in Texas?
At Texas's typical effective rate of 1.32%, about $1,983 a year. Rates vary by county and city — see the county pages.