Texas Affordability Calculator
Find out how much house you can afford in Texas, where the median home price is $310K and the average property tax rate is 1.8%.
cars, loans, cards
Conservative Target
$249K
15% below max
Max Monthly Housing
$1,983
28% of gross
Your DTI Ratio
33.6%
Within guidelines
Down Payment
17.1%
$50,000 saved
Budget Breakdown
Gross Monthly Income$7,083
28% Housing Limit$1,983
Existing Debts−$400
Available for Housing$1,983
Max Loan Amount$242,985
+ Down Payment+$50,000
Max Purchase Price$292,985
Texas Housing at a Glance
Median Home Price
$310K
Texas statewide
Property Tax Rate
1.8%
$465/mo on median
Avg Closing Costs
$5K
1.7% of purchase price
Homeowners Insurance
$3,800/yr
$317/mo
Texas First-Time Buyer Program
TDHCA My First Texas Home
Down payment assistance: Up to 5% DPA grant