Mortgage on a $250K house in Texas
$1,746 a month with 20% down — $1,345 principal and interest plus $275 property tax and $125 insurance.
Texas's typical property tax is 1.32% of the home's value a year (U.S. average 0.9%), which adds $275 a month on a $250K home. The typical home in Texas is worth $296,424, so $250K is 16% below the typical price.
$250K home in Texas: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $50,000 | $200,000 | $1,345 | $0 | $400 | $1,746 | $74,800 |
| 10% down | $25,000 | $225,000 | $1,514 | $94 | $400 | $2,008 | $86,000 |
| 5% down | $12,500 | $237,500 | $1,598 | $99 | $400 | $2,097 | $89,900 |
| 3.5% down (FHA) | $8,750 | $245,472 | $1,651 | $111 | $400 | $2,162 | $92,700 |
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 $250K buy a typical home?
In these counties the typical home value is within 15% of $250K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Bexar County | $250,969 | 1.73% | $1,831 |
| Martin County | $251,649 | 0.91% | $1,660 |
| Bell County | $247,929 | 1.44% | $1,771 |
| Ector County | $252,414 | 1.27% | $1,735 |
| Irion County | $252,990 | 0.7% | $1,616 |
| Gonzales County | $253,175 | 1.31% | $1,743 |
| Armstrong County | $245,373 | 1.23% | $1,727 |
| Hopkins County | $255,721 | 1% | $1,680 |
| Atascosa County | $242,697 | 1.29% | $1,739 |
| Wharton County | $242,430 | 1.52% | $1,786 |
| McLennan County | $257,622 | 1.42% | $1,767 |
| Bosque County | $240,511 | 0.98% | $1,674 |
161 of 243 Texas counties tracked by Zillow have a typical home value at or below $250K. See all Texas home prices.
Other prices in Texas
Frequently asked questions
What is the mortgage on a $250K house in Texas?
About $1,746 a month with 20% down at 7.11%: $1,345 principal and interest, $275 property tax and $125 insurance.
How much do I need to make to buy a $250K house in Texas?
About $74,800 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $250K house in Texas?
At Texas's typical effective rate of 1.32%, about $3,305 a year. Rates vary by county and city — see the county pages.