Mortgage on a $350K house in Texas
$2,444 a month with 20% down — $1,884 principal and interest plus $386 property tax and $175 insurance.
Texas's typical property tax is 1.32% of the home's value a year (U.S. average 0.9%), which adds $386 a month on a $350K home. The typical home in Texas is worth $296,424, so $350K is 18% above the typical price.
$350K home in Texas: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $70,000 | $280,000 | $1,884 | $0 | $561 | $2,444 | $104,700 |
| 10% down | $35,000 | $315,000 | $2,119 | $131 | $561 | $2,811 | $120,500 |
| 5% down | $17,500 | $332,500 | $2,237 | $139 | $561 | $2,936 | $125,800 |
| 3.5% down (FHA) | $12,250 | $343,661 | $2,312 | $155 | $561 | $3,027 | $129,700 |
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 $350K buy a typical home?
In these counties the typical home value is within 15% of $350K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Grimes County | $350,588 | 1.02% | $2,355 |
| Chambers County | $348,474 | 1.05% | $2,366 |
| Bastrop County | $351,578 | 1.41% | $2,471 |
| Lee County | $351,670 | 0.96% | $2,340 |
| Kimble County | $344,722 | 1.27% | $2,429 |
| Mason County | $344,398 | 0.84% | $2,303 |
| Waller County | $358,663 | 1.27% | $2,429 |
| Montgomery County | $340,504 | 1.52% | $2,502 |
| Erath County | $338,569 | 1.07% | $2,371 |
| Johnson County | $336,224 | 1.24% | $2,421 |
| Washington County | $363,966 | 1.09% | $2,377 |
| Mills County | $364,056 | 0.78% | $2,285 |
215 of 243 Texas counties tracked by Zillow have a typical home value at or below $350K. See all Texas home prices.
Other prices in Texas
Frequently asked questions
What is the mortgage on a $350K house in Texas?
About $2,444 a month with 20% down at 7.11%: $1,884 principal and interest, $386 property tax and $175 insurance.
How much do I need to make to buy a $350K house in Texas?
About $104,700 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $350K house in Texas?
At Texas's typical effective rate of 1.32%, about $4,627 a year. Rates vary by county and city — see the county pages.