Cost of Ownership · Texas
The true cost of owning a home in Texas
For a median $283,800 home in Texas, here is the full monthly cost — not just the mortgage. Built from public data: the state's median home value and effective property-tax rate, its average homeowners premium, and the current 30-year rate. This is a representative example, not a quote.
Lender-approved payment
$2,287/mo
PITI + PMI
True monthly cost
$2,523/mo
everything, incl. upkeep
The gap
+$237/mo
what approval leaves out
Effective property-tax rate
1.49%
Avg. homeowners premium
$2,397/yr
NFIP flood claims on record
393,669
Closing costs in Texas
Median closing costs and lender origination charges on real home-purchase loans in Texas, from public CFPB HMDA data. Cells with fewer than 25 loans aren't shown.
Median total closing costs
$8,379
Typically $5,622–$11,941
Median origination charges
$3,554
Typically $1,650–$6,232
| Loan size | p25 | Median | p75 | Loans |
|---|---|---|---|---|
| All | $5,622 | $8,379 | $11,941 | 298,852 |
| All | $5,473 | $8,394 | $12,098 | 301,917 |
| < $250k | $4,596 | $6,685 | $9,002 | 86,680 |
| < $250k | $4,426 | $6,582 | $8,963 | 88,920 |
| $250k–$500k | $5,945 | $9,171 | $12,722 | 165,052 |
| $250k–$500k | $5,841 | $9,259 | $12,991 | 167,216 |
| $500k–$750k | $6,795 | $9,958 | $15,373 | 36,543 |
| $500k–$750k | $6,802 | $9,256 | $15,186 | 32,728 |
| > $750k | $8,704 | $11,801 | $18,292 | 14,392 |
| > $750k | $8,800 | $12,374 | $20,083 | 9,238 |
Compare your own Loan Estimate with the Loan Estimate Decoder, or see every state in the Fee & Rate Index.
Common questions about buying a home in Texas
- What are the median closing costs in Texas?
- Median total closing costs — lender and third-party charges — on a home-purchase loan in Texas are about $8,379, from public CFPB HMDA data. Cells with fewer than 25 loans are suppressed.
- What is the effective property-tax rate in Texas?
- The effective property-tax rate in Texas is about 1.49%, from the Census American Community Survey (median real estate taxes divided by median home value).
- What does a median home cost to own each month in Texas?
- A median $283,800 home in Texas costs about $2,523 a month to own — principal, interest, property tax, insurance, PMI, and a maintenance reserve — versus a lender-approved payment of about $2,287. Every figure is from public data.
These figures use Texas's median home value and a 10% down payment as a representative example. Your price, rate, and county rate will differ — run your own numbers in the True Cost tool, see how Texas ranks on property tax and insurance, or browse every state.