Mortgage on a $200K house in Texas
$1,397 a month with 20% down — $1,076 principal and interest plus $220 property tax and $100 insurance.
Texas's typical property tax is 1.32% of the home's value a year (U.S. average 0.9%), which adds $220 a month on a $200K home. The typical home in Texas is worth $296,424, so $200K is 33% below the typical price.
$200K home in Texas: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $40,000 | $160,000 | $1,076 | $0 | $320 | $1,397 | $59,900 |
| 10% down | $20,000 | $180,000 | $1,211 | $75 | $320 | $1,606 | $68,800 |
| 5% down | $10,000 | $190,000 | $1,278 | $79 | $320 | $1,678 | $71,900 |
| 3.5% down (FHA) | $7,000 | $196,378 | $1,321 | $88 | $320 | $1,730 | $74,100 |
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 $200K buy a typical home?
In these counties the typical home value is within 15% of $200K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Crane County | $200,382 | 1.04% | $1,350 |
| Panola County | $200,567 | 0.79% | $1,307 |
| Clay County | $200,720 | 1.27% | $1,388 |
| Angelina County | $198,763 | 1.09% | $1,357 |
| Sabine County | $201,342 | 0.82% | $1,313 |
| Menard County | $201,702 | 1.95% | $1,501 |
| Lamar County | $201,796 | 0.87% | $1,321 |
| Delta County | $201,862 | 0.95% | $1,335 |
| Houston County | $203,663 | 0.84% | $1,317 |
| Calhoun County | $204,106 | 1.26% | $1,386 |
| Cameron County | $204,554 | 1.5% | $1,426 |
| Val Verde County | $204,781 | 1.43% | $1,415 |
104 of 243 Texas counties tracked by Zillow have a typical home value at or below $200K. See all Texas home prices.
Other prices in Texas
Frequently asked questions
What is the mortgage on a $200K house in Texas?
About $1,397 a month with 20% down at 7.11%: $1,076 principal and interest, $220 property tax and $100 insurance.
How much do I need to make to buy a $200K house in Texas?
About $59,900 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $200K house in Texas?
At Texas's typical effective rate of 1.32%, about $2,644 a year. Rates vary by county and city — see the county pages.