Fort Worth Mortgage Calculator
Estimate your monthly mortgage payment in Fort Worth, TX. On the local median home value of $300,000 — with a 20% down payment at today's rates — expect a total monthly payment (principal, interest, taxes, and insurance) of about $2,142. Adjust every input for your situation.
Monthly Breakdown
- Principal & Interest$1,517
- Property Tax$450
- Home Insurance$175
Amortization Schedule
| Year | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $18,204 | $2,683 | $15,521 | $237,317 |
| 2 | $18,204 | $2,862 | $15,341 | $234,455 |
| 3 | $18,204 | $3,054 | $15,150 | $231,401 |
| 4 | $18,204 | $3,258 | $14,945 | $228,143 |
| 5 | $18,204 | $3,477 | $14,727 | $224,666 |
| 6 | $18,204 | $3,709 | $14,494 | $220,957 |
| 7 | $18,204 | $3,958 | $14,246 | $216,999 |
| 8 | $18,204 | $4,223 | $13,981 | $212,776 |
| 9 | $18,204 | $4,506 | $13,698 | $208,270 |
| 10 | $18,204 | $4,808 | $13,396 | $203,463 |
| 11 | $18,204 | $5,130 | $13,074 | $198,333 |
| 12 | $18,204 | $5,473 | $12,731 | $192,860 |
| 13 | $18,204 | $5,840 | $12,364 | $187,021 |
| 14 | $18,204 | $6,231 | $11,973 | $180,790 |
| 15 | $18,204 | $6,648 | $11,556 | $174,142 |
| 16 | $18,204 | $7,093 | $11,110 | $167,049 |
| 17 | $18,204 | $7,568 | $10,635 | $159,481 |
| 18 | $18,204 | $8,075 | $10,128 | $151,405 |
| 19 | $18,204 | $8,616 | $9,588 | $142,790 |
| 20 | $18,204 | $9,193 | $9,011 | $133,597 |
| 21 | $18,204 | $9,809 | $8,395 | $123,788 |
| 22 | $18,204 | $10,465 | $7,738 | $113,323 |
| 23 | $18,204 | $11,166 | $7,037 | $102,156 |
| 24 | $18,204 | $11,914 | $6,289 | $90,242 |
| 25 | $18,204 | $12,712 | $5,491 | $77,530 |
| 26 | $18,204 | $13,563 | $4,640 | $63,967 |
| 27 | $18,204 | $14,472 | $3,732 | $49,495 |
| 28 | $18,204 | $15,441 | $2,763 | $34,054 |
| 29 | $18,204 | $16,475 | $1,728 | $17,579 |
| 30 | $18,204 | $17,579 | $625 | $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 Fort Worth (about $300,000). 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 Fort Worth. At $300,000 with a 20% down payment, you'd bring $60,000 to closing (plus closing costs) and take out a $240,000 mortgage. At a 6.50% interest rate on a 30-year fixed loan, your monthly principal + interest is roughly $1,517.
Annual costs on top of the loan. Texas's average property tax rate is 1.80%, so a median-priced Fort Worth home generates approximately $5,400 in annual property tax (about $450/mo when paid through escrow). Homeowner's insurance in Texas averages around $2,100/year.
Total monthly payment (PITI) on the median Fort Worth home works out to about $2,142 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.