Tarrant County Mortgage Calculator
On the Tarrant County median home price of $294,000, a 20%-down, 30-year loan at today's 6.47% rate runs about $2,256/month — $1,482 principal & interest, $434 property tax at Tarrant County's 1.77% effective rate, and $340 homeowners insurance. That is about $91/month more than the Texas state-average tax rate would cost on the same home. Enter your own price and down payment below.
$2,256 /mo
P&I: $1,482 · Tax: $434 · Insurance: $340
Loan amount: $235,200 · Total interest: $298,315
Yearly amortization schedule
| Year | Interest | Principal | PMI | Balance |
|---|---|---|---|---|
| 1 | $15,140 | $2,644 | — | $232,556 |
| 2 | $14,964 | $2,820 | — | $229,736 |
| 3 | $14,776 | $3,008 | — | $226,728 |
| 4 | $14,575 | $3,209 | — | $223,519 |
| 5 | $14,361 | $3,422 | — | $220,097 |
| 6 | $14,133 | $3,651 | — | $216,446 |
| 7 | $13,890 | $3,894 | — | $212,552 |
| 8 | $13,630 | $4,153 | — | $208,399 |
| 9 | $13,354 | $4,430 | — | $203,969 |
| 10 | $13,058 | $4,726 | — | $199,243 |
| 11 | $12,743 | $5,041 | — | $194,203 |
| 12 | $12,407 | $5,377 | — | $188,826 |
| 13 | $12,049 | $5,735 | — | $183,091 |
| 14 | $11,667 | $6,117 | — | $176,974 |
| 15 | $11,259 | $6,525 | — | $170,449 |
| 16 | $10,824 | $6,960 | — | $163,490 |
| 17 | $10,360 | $7,424 | — | $156,066 |
| 18 | $9,865 | $7,918 | — | $148,147 |
| 19 | $9,338 | $8,446 | — | $139,701 |
| 20 | $8,775 | $9,009 | — | $130,692 |
| 21 | $8,174 | $9,610 | — | $121,082 |
| 22 | $7,534 | $10,250 | — | $110,832 |
| 23 | $6,850 | $10,933 | — | $99,899 |
| 24 | $6,122 | $11,662 | — | $88,236 |
| 25 | $5,344 | $12,440 | — | $75,797 |
| 26 | $4,515 | $13,269 | — | $62,528 |
| 27 | $3,631 | $14,153 | — | $48,375 |
| 28 | $2,687 | $15,096 | — | $33,279 |
| 29 | $1,681 | $16,103 | — | $17,176 |
| 30 | $608 | $17,176 | — | $0 |
Rates: Freddie Mac PMMS (wk 2026-06-18). Property tax: Tax Foundation. Insurance: Insurance.com. PMI applies when your down payment is under 20% (LTV > 80%). You can request cancellation at 80% LTV; the servicer must auto-terminate it at 78% (Homeowners Protection Act). How we calculate →
Monthly payment breakdown for a Tarrant County home
At the Tarrant County median home price of $294,000, a conventional 30-year loan at 6.47% with 20% down splits into: $1,482 principal & interest, $434 property tax, and $340 homeowners insurance — a total PITI of $2,256/month.
The property tax line uses Tarrant County's real effective rate of 1.77% (median tax bill of $5,211 on a median home value of $294,100, US Census ACS), not a generic national average — so this figure reflects what Tarrant County actually charges, before any local exemption.
Tarrant County vs the Texas state average property tax rate
Tarrant County's 1.77% effective property tax rate is above Texas's 1.4% state average. On the same $294,000 home, that difference works out to $91/month more in the tax line of the mortgage payment compared with paying the Texas average rate instead of Tarrant County's.
Property tax is set locally — by the county, city and school district — so the state average is only a rough guide. Two otherwise identical Texas homes in different counties can carry meaningfully different monthly payments purely because of where the tax rate lands.
What the Tarrant County median buys vs a $400,000 national budget
A $400,000 home taxed at Tarrant County's 1.77% rate and insured at Texas's average would run about $2,947/month — $691 more than the Tarrant County county median payment of $2,256/month, since Tarrant County's median home price ($294,000) is $106,000 below the $400,000 reference used elsewhere on this site.
In other words, price — not tax rate — usually drives the biggest gap between a Tarrant County payment and a generic national estimate. Use the calculator above to swap in your own target price.
PMI in Tarrant County if you put down less than 20%
Putting 10% down instead of 20% on the same $294,000 Tarrant County home adds private mortgage insurance (PMI) of about $176/month, bringing the total payment to roughly $2,618/month instead of $2,256. PMI is required on conventional loans below 20% down and cancels automatically once your loan balance reaches 78% of the original price.
Tarrant County mortgage — frequently asked questions
How much is a mortgage payment in Tarrant County?
On the Tarrant County median home price of $294,000, a 20%-down 30-year loan at 6.47% runs about $2,256/month total (principal, interest, property tax and insurance).
What is the property tax on the median home in Tarrant County?
Tarrant County's effective property tax rate is 1.77%, which works out to about $434/month ($5,204/year) on the $294,000 county median home value.
How does Tarrant County property tax compare to the rest of Texas?
Tarrant County's 1.77% effective rate is above the Texas state average of 1.4%, a difference of about $91/month on a $294,000 home.
What income do I need to afford a home in Tarrant County?
Using the common 28%-of-gross-income guideline against the $2,256/month PITI payment on the Tarrant County median home, that implies a gross annual income of roughly $96,688.
How much does PMI cost in Tarrant County with less than 20% down?
Putting 10% down on the $294,000 Tarrant County median home adds about $176/month in PMI, for a total payment near $2,618/month instead of $2,256.
What's included in a Tarrant County mortgage payment?
PITI: principal and interest together $1,482, property tax $434 at Tarrant County's 1.77% rate, and homeowners insurance $340 at the Texas state average — no HOA dues assumed unless you add them above.
More Texas counties in this pilot
Texas mortgage calculator · Tarrant County property tax deep-dive — the full county-by-county property tax breakdown behind this payment estimate.
Mortgage calculators in other pilot counties
Researched & verified by the Calcuris Data & Research Team. How we build and check our tools →