Understanding your true monthly housing cost goes beyond just principal and interest. Property taxes in North Texas average 2.0-2.5% of home value annually, which can add hundreds to your monthly payment.

If your down payment is less than 20%, you'll also pay PMI (Private Mortgage Insurance) until you reach 20% equity. This calculator shows you the complete picture so there are no surprises.

Use this tool to compare different scenarios—see how a larger down payment, shorter term, or different price point affects your monthly budget.