Mortgage Calculator Austin Tx

Reviewed by: David Chen, CFA | Austin Real Estate Finance Expert
Last Updated: October 2025

Moving to the Texas capital? Use our local mortgage calculator austin tx to estimate your full monthly housing cost. This tool accounts for Travis County’s unique property tax rates and common HOA fees found in neighborhoods like Mueller, Circle C, and Steiner Ranch.

Austin Mortgage Calculator

Home Price ($)

Median price in Austin is approx. $550k.

Down Payment ($)

Typically 20% to avoid PMI.

Interest Rate (%)

Annual fixed interest rate.

Loan Term (Years)

Property Tax Rate (%)

Austin/Travis Co. rates avg 1.8% – 2.2%.

Monthly HOA Dues ($)

Common in Austin master-planned communities.

Annual Home Insurance ($)

Varies by coverage and location.

Target Monthly Payment ($)

Leave blank to calculate payment.

Estimated Monthly Payment

$0.00

P&I, Tax, Insurance & HOA

mortgage calculator austin tx Formula

This calculator uses the standard P&I formula but emphasizes the PITI (Principal, Interest, Taxes, Insurance) total, as Texas has some of the highest property taxes in the nation, significantly affecting monthly affordability.

P&I = P [ i(1 + i)^n ] / [ (1 + i)^n – 1 ]
Total = P&I + (Tax/12) + (Ins/12) + HOA

Source: Travis County Tax Office

Variables

P&I: Principal and Interest payment.
Property Tax: Annual tax based on assessed value (High in TX).
Insurance: Hazard insurance for the property.
HOA: Homeowners Association fees.

Related Calculators

What is an Austin Mortgage Calculator?

A mortgage calculator austin tx accounts for the specific financial landscape of Central Texas. While Texas has zero state income tax, it balances this with higher property taxes. In Travis County (Austin), effective tax rates often hover around 1.8% to over 2.3% depending on your specific utility district (MUD) and school bonds.

Using a generic calculator that defaults to a national average tax rate of 1.0% will significantly underestimate your monthly payment in Austin.

How to Calculate Austin Mortgage Payments (Example)

Home Price: $550,000 (Typical Austin home).
Down Payment: 20% ($110,000). Loan: $440,000.
Interest Rate: 6.5%. P&I = ~$2,781.
Taxes: 1.9% of $550k = $10,450/yr -> $870/mo.
Insurance & HOA: ~$100 Ins + ~$50 HOA.
Total: $2,781 + $870 + $100 + $50 = $3,801/mo.

Frequently Asked Questions (FAQ)

Why are Austin property taxes so high?

Since Texas has no state income tax, local governments rely heavily on property taxes to fund schools, roads, and emergency services. Always check the tax rate for the specific neighborhood you are eyeing.

What is a MUD tax?

Many newer subdivisions in Austin are in Municipal Utility Districts (MUDs). These districts charge an extra tax on top of standard county taxes to pay for infrastructure like water and sewage.

Are home prices dropping in Austin?

The Austin market has cooled since the 2021-2022 peak, but prices remain higher than the national average. It is essential to run the numbers based on current listing prices.

Do I need flood insurance in Austin?

While not required everywhere, areas near creeks or the Colorado River may require flood insurance. Check the FEMA flood maps for any property you consider.