Mortgage on a $450K house in Texas
$3,142 a month with 20% down — $2,422 principal and interest plus $496 property tax and $225 insurance.
Texas's typical property tax is 1.32% of the home's value a year (U.S. average 0.9%), which adds $496 a month on a $450K home. The typical home in Texas is worth $296,424, so $450K is 52% above the typical price.
$450K home in Texas: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $90,000 | $360,000 | $2,422 | $0 | $721 | $3,142 | $134,700 |
| 10% down | $45,000 | $405,000 | $2,724 | $169 | $721 | $3,614 | $154,900 |
| 5% down | $22,500 | $427,500 | $2,876 | $178 | $721 | $3,775 | $161,800 |
| 3.5% down (FHA) | $15,750 | $441,849 | $2,972 | $199 | $721 | $3,892 | $166,800 |
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 $450K buy a typical home?
In these counties the typical home value is within 15% of $450K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Llano County | $446,002 | 0.75% | $2,926 |
| Parker County | $443,613 | 1.4% | $3,170 |
| Travis County | $461,123 | 1.48% | $3,201 |
| Fayette County | $437,101 | 0.89% | $2,980 |
| Denton County | $432,421 | 1.61% | $3,252 |
| Comal County | $431,172 | 1.13% | $3,071 |
| Collin County | $477,505 | 1.58% | $3,240 |
| Austin County | $420,802 | 1.16% | $3,080 |
| Burnet County | $419,257 | 1.06% | $3,043 |
| Rockwall County | $409,262 | 1.54% | $3,224 |
| Somervell County | $408,550 | 0.91% | $2,988 |
| Gillespie County | $504,348 | 0.98% | $3,013 |
238 of 243 Texas counties tracked by Zillow have a typical home value at or below $450K. See all Texas home prices.
Other prices in Texas
Frequently asked questions
What is the mortgage on a $450K house in Texas?
About $3,142 a month with 20% down at 7.11%: $2,422 principal and interest, $496 property tax and $225 insurance.
How much do I need to make to buy a $450K house in Texas?
About $134,700 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $450K house in Texas?
At Texas's typical effective rate of 1.32%, about $5,949 a year. Rates vary by county and city — see the county pages.