Dallas Mortgage Calculator
Estimate your monthly mortgage payment in Dallas, TX. On the local median home value of $325,000 — with a 20% down payment at today's rates — expect a total monthly payment (principal, interest, taxes, and insurance) of about $2,306. Adjust every input for your situation.
Monthly Breakdown
- Principal & Interest$1,643
- Property Tax$488
- Home Insurance$175
Amortization Schedule
| Year | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $19,721 | $2,906 | $16,814 | $257,094 |
| 2 | $19,721 | $3,101 | $16,620 | $253,993 |
| 3 | $19,721 | $3,308 | $16,412 | $250,685 |
| 4 | $19,721 | $3,530 | $16,191 | $247,155 |
| 5 | $19,721 | $3,766 | $15,954 | $243,389 |
| 6 | $19,721 | $4,019 | $15,702 | $239,370 |
| 7 | $19,721 | $4,288 | $15,433 | $235,082 |
| 8 | $19,721 | $4,575 | $15,146 | $230,507 |
| 9 | $19,721 | $4,881 | $14,839 | $225,626 |
| 10 | $19,721 | $5,208 | $14,512 | $220,418 |
| 11 | $19,721 | $5,557 | $14,164 | $214,861 |
| 12 | $19,721 | $5,929 | $13,791 | $208,932 |
| 13 | $19,721 | $6,326 | $13,394 | $202,606 |
| 14 | $19,721 | $6,750 | $12,971 | $195,856 |
| 15 | $19,721 | $7,202 | $12,519 | $188,654 |
| 16 | $19,721 | $7,684 | $12,036 | $180,969 |
| 17 | $19,721 | $8,199 | $11,522 | $172,771 |
| 18 | $19,721 | $8,748 | $10,973 | $164,023 |
| 19 | $19,721 | $9,334 | $10,387 | $154,689 |
| 20 | $19,721 | $9,959 | $9,762 | $144,730 |
| 21 | $19,721 | $10,626 | $9,095 | $134,104 |
| 22 | $19,721 | $11,338 | $8,383 | $122,766 |
| 23 | $19,721 | $12,097 | $7,624 | $110,669 |
| 24 | $19,721 | $12,907 | $6,813 | $97,762 |
| 25 | $19,721 | $13,771 | $5,949 | $83,991 |
| 26 | $19,721 | $14,694 | $5,027 | $69,297 |
| 27 | $19,721 | $15,678 | $4,043 | $53,619 |
| 28 | $19,721 | $16,728 | $2,993 | $36,891 |
| 29 | $19,721 | $17,848 | $1,872 | $19,043 |
| 30 | $19,721 | $19,043 | $677 | $0 |
Swipe the table sideways to see all columns →
How to use this calculator
The Home Price field is pre-filled with the median home value in Dallas (about $325,000). Override with your target home's actual price to get a payment estimate for that specific property.
The Property Tax Rate is pre-filled with Texas's average effective rate of 1.80%. Within Texas, rates vary by county — if you know your specific local rate, override it for a more precise estimate.
Adjust the Down Payment slider to see how your payment changes. Below 20% down triggers PMI; the calculator adds it automatically and shows a warning.
Scroll down for the full PITI breakdown, monthly payment pie chart, and complete month-by-month amortization schedule.
How it works
Buying a median-priced home in Dallas. At $325,000 with a 20% down payment, you'd bring $65,000 to closing (plus closing costs) and take out a $260,000 mortgage. At a 6.50% interest rate on a 30-year fixed loan, your monthly principal + interest is roughly $1,643.
Annual costs on top of the loan. Texas's average property tax rate is 1.80%, so a median-priced Dallas home generates approximately $5,850 in annual property tax (about $488/mo when paid through escrow). Homeowner's insurance in Texas averages around $2,100/year.
Total monthly payment (PITI) on the median Dallas home works out to about $2,306 per month at current rates, assuming a 20% down payment and no HOA. If you're putting less than 20% down, add PMI to this — typically 0.5–1.5% of the loan balance per year.
Rates change; this is the math, not the offer. Mortgage rates fluctuate daily. Our default of 6.50% is a recent conventional 30-year benchmark — enter today's quoted rate from your lender for the most accurate payment estimate.
Frequently Asked Questions
Looking for a different city? Browse all cities. For Texas-specific property taxes, see the Texas Property Tax Calculator.