Laredo Mortgage Calculator
Estimate your monthly mortgage payment in Laredo, TX. On the local median home value of $215,000 — with a 20% down payment at today's rates — expect a total monthly payment (principal, interest, taxes, and insurance) of about $1,585. Adjust every input for your situation.
Monthly Breakdown
- Principal & Interest$1,087
- Property Tax$323
- Home Insurance$175
Amortization Schedule
| Year | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $13,046 | $1,922 | $11,123 | $170,078 |
| 2 | $13,046 | $2,051 | $10,995 | $168,026 |
| 3 | $13,046 | $2,189 | $10,857 | $165,838 |
| 4 | $13,046 | $2,335 | $10,711 | $163,502 |
| 5 | $13,046 | $2,492 | $10,554 | $161,011 |
| 6 | $13,046 | $2,658 | $10,387 | $158,352 |
| 7 | $13,046 | $2,836 | $10,209 | $155,516 |
| 8 | $13,046 | $3,026 | $10,019 | $152,489 |
| 9 | $13,046 | $3,229 | $9,817 | $149,260 |
| 10 | $13,046 | $3,445 | $9,600 | $145,815 |
| 11 | $13,046 | $3,676 | $9,370 | $142,139 |
| 12 | $13,046 | $3,922 | $9,124 | $138,216 |
| 13 | $13,046 | $4,185 | $8,861 | $134,031 |
| 14 | $13,046 | $4,465 | $8,581 | $129,566 |
| 15 | $13,046 | $4,764 | $8,282 | $124,802 |
| 16 | $13,046 | $5,083 | $7,962 | $119,718 |
| 17 | $13,046 | $5,424 | $7,622 | $114,294 |
| 18 | $13,046 | $5,787 | $7,259 | $108,507 |
| 19 | $13,046 | $6,175 | $6,871 | $102,333 |
| 20 | $13,046 | $6,588 | $6,458 | $95,744 |
| 21 | $13,046 | $7,029 | $6,016 | $88,715 |
| 22 | $13,046 | $7,500 | $5,546 | $81,215 |
| 23 | $13,046 | $8,003 | $5,043 | $73,212 |
| 24 | $13,046 | $8,539 | $4,507 | $64,674 |
| 25 | $13,046 | $9,110 | $3,936 | $55,563 |
| 26 | $13,046 | $9,720 | $3,325 | $45,843 |
| 27 | $13,046 | $10,371 | $2,674 | $35,471 |
| 28 | $13,046 | $11,066 | $1,980 | $24,405 |
| 29 | $13,046 | $11,807 | $1,239 | $12,598 |
| 30 | $13,046 | $12,598 | $448 | $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 Laredo (about $215,000). 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 Laredo. At $215,000 with a 20% down payment, you'd bring $43,000 to closing (plus closing costs) and take out a $172,000 mortgage. At a 6.50% interest rate on a 30-year fixed loan, your monthly principal + interest is roughly $1,087.
Annual costs on top of the loan. Texas's average property tax rate is 1.80%, so a median-priced Laredo home generates approximately $3,870 in annual property tax (about $323/mo when paid through escrow). Homeowner's insurance in Texas averages around $2,100/year.
Total monthly payment (PITI) on the median Laredo home works out to about $1,585 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.