Dallas, TX Mortgage Calculator
Estimate your monthly mortgage payment in Dallas including property taxes, homeowners insurance, PMI, and 2026 loan limits.
Local Home Values & Affordability
A 20% down payment on a median Dallas home requires $64,000 in cash — or $11,200 for an FHA-minimum 3.5% down payment. Buyers with less than 20% down will also need to budget for PMI or FHA MIP.
Dallas's median home value of $320,000 is close to the national median of $310,000, putting most buyers in the conforming loan range with conventional or FHA options readily available.
Dallas County's $320,000 median sits between El Paso County ($195,000) and Travis County ($560,000) within the Texas counties we track.
Property Tax in This Market
Dallas County's effective property tax rate of 2.10% is 91% above the 1.10% national average across the markets we track — placing it among the top 20% highest-tax counties in our dataset.
Based on the 2.10% effective rate and a median home value of $320,000, a typical homeowner in Dallas County pays approximately $6,720 in annual property taxes — or $560 per month added to their mortgage payment.
Sources: Tax Foundation 2025
Homeowners Insurance Costs
Homeowners insurance in Dallas County averages around $3,000/year ($250/month) — roughly 88% above the national average of $1,600.
Premium quotes in Dallas County typically range from $2,100 to $4,300 per year depending on home age, construction type, coverage limits, and your insurer. Always get multiple quotes.
Sources: NAIC 2024
Loan Limits & Financing Options
A buyer purchasing the median Dallas home ($320,000) with FHA's minimum 3.5% down would borrow $308,800 — well within the $541,287 baseline FHA limit for this county. FHA financing is a viable option for most buyers here.
With 20% down on a median-priced home, the loan amount of $256,000 stays $576,750 below the $832,750 conforming limit — giving buyers access to conventional Fannie/Freddie pricing without jumbo underwriting.
All FHA loans require an upfront mortgage insurance premium (UFMIP) of 1.75% of the loan amount, plus an annual MIP of 0.55%–0.75% of the loan balance paid monthly. On a $308,800 FHA loan, expect approximately $142/month in ongoing MIP — added to principal, interest, taxes, and insurance.
Sources: HUD ML 2025-23, FHFA 2026, HUD MIP Rates 2023
Extra Monthly Payment
Estimated Monthly Payment
$2,505
Estimates are for educational purposes only and are not a loan offer or commitment to lend.
Loan Amount: $256,000
LTV: 0.01%
P&I Payment
$1,695
Total Interest
$354,051
over loan life
Payoff
30 yr
Closing Costs
$4,383–$8,182
est. range
Monthly Payment Breakdown
2026 Loan Limit Context
FHA Limit
$541,287
Conforming Limit
$832,750
Amortization Schedule
| Mo. | Payment | Principal | Interest | Balance | Total Interest |
|---|---|---|---|---|---|
| 1 | $1,695 | $212 | $1,483 | $255,788 | $1,483 |
| 2 | $1,695 | $213 | $1,481 | $255,575 | $2,964 |
| 3 | $1,695 | $214 | $1,480 | $255,361 | $4,444 |
| 4 | $1,695 | $216 | $1,479 | $255,145 | $5,923 |
| 5 | $1,695 | $217 | $1,478 | $254,928 | $7,401 |
| 6 | $1,695 | $218 | $1,476 | $254,710 | $8,877 |
| 7 | $1,695 | $219 | $1,475 | $254,491 | $10,353 |
| 8 | $1,695 | $221 | $1,474 | $254,270 | $11,827 |
| 9 | $1,695 | $222 | $1,473 | $254,048 | $13,299 |
| 10 | $1,695 | $223 | $1,471 | $253,825 | $14,771 |
| 11 | $1,695 | $225 | $1,470 | $253,600 | $16,241 |
| 12 | $1,695 | $226 | $1,469 | $253,374 | $17,709 |
2026 Loan Limits — Dallas County, TX
| Limit Type | 2026 Limit | Note |
|---|---|---|
| FHA Loan Limit (1-unit) | $524,225 | Max loan for FHA-insured mortgage |
| Conforming Loan Limit (1-unit) | $806,500 | Fannie Mae / Freddie Mac eligible |
Source: HUD / FHFA. Data as of 2025-01-15.
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