Mortgage on a $600K house in Texas
$4,190 a month with 20% down — $3,229 principal and interest plus $661 property tax and $300 insurance.
Texas's typical property tax is 1.32% of the home's value a year (U.S. average 0.9%), which adds $661 a month on a $600K home. The typical home in Texas is worth $296,424, so $600K is 102% above the typical price.
$600K home in Texas: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $120,000 | $480,000 | $3,229 | $0 | $961 | $4,190 | $179,600 |
| 10% down | $60,000 | $540,000 | $3,633 | $225 | $961 | $4,819 | $206,500 |
| 5% down | $30,000 | $570,000 | $3,834 | $238 | $961 | $5,033 | $215,700 |
| 3.5% down (FHA) | $21,000 | $589,133 | $3,963 | $265 | $961 | $5,189 | $222,400 |
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 $600K buy a typical home?
In these counties the typical home value is within 15% of $600K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Kendall County | $587,336 | 1.1% | $4,081 |
| Blanco County | $567,417 | 0.93% | $3,995 |
243 of 243 Texas counties tracked by Zillow have a typical home value at or below $600K. See all Texas home prices.
Other prices in Texas
Frequently asked questions
What is the mortgage on a $600K house in Texas?
About $4,190 a month with 20% down at 7.11%: $3,229 principal and interest, $661 property tax and $300 insurance.
How much do I need to make to buy a $600K house in Texas?
About $179,600 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $600K house in Texas?
At Texas's typical effective rate of 1.32%, about $7,931 a year. Rates vary by county and city — see the county pages.