Fort Worth, TX Mortgage Calculator
Estimate your monthly mortgage payment in Fort Worth including property taxes, homeowners insurance, PMI, and 2026 loan limits.
Local Home Values & Affordability
A 20% down payment on a median Fort Worth home requires $62,000 in cash — or $10,850 for an FHA-minimum 3.5% down payment. Buyers with less than 20% down will also need to budget for PMI or FHA MIP.
Fort Worth's median home value of $310,000 is close to the national median of $310,000, putting most buyers in the conforming loan range with conventional or FHA options readily available.
Tarrant County's $310,000 median sits between El Paso County ($195,000) and Travis County ($560,000) within the Texas counties we track.
Property Tax in This Market
Tarrant County's effective property tax rate of 2.15% is 95% 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 2.15% effective rate and a median home value of $310,000, a typical homeowner in Tarrant County pays approximately $6,665 in annual property taxes — or $555 per month added to their mortgage payment.
Sources: Tax Foundation 2025
Homeowners Insurance Costs
Homeowners insurance in Tarrant County averages around $2,900/year ($242/month) — roughly 81% above the national average of $1,600.
Premium quotes in Tarrant County typically range from $2,000 to $4,200 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 Fort Worth home ($310,000) with FHA's minimum 3.5% down would borrow $299,150 — 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 $248,000 stays $584,750 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 $299,150 FHA loan, expect approximately $137/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
$2,439
Estimates are for educational purposes only and are not a loan offer or commitment to lend.
Loan Amount: $248,000
LTV: 0.01%
P&I Payment
$1,642
Total Interest
$342,987
over loan life
Payoff
30 yr
Closing Costs
$4,277–$7,983
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 | $1,642 | $205 | $1,436 | $247,795 | $1,436 |
| 2 | $1,642 | $206 | $1,435 | $247,588 | $2,871 |
| 3 | $1,642 | $208 | $1,434 | $247,381 | $4,305 |
| 4 | $1,642 | $209 | $1,433 | $247,172 | $5,738 |
| 5 | $1,642 | $210 | $1,432 | $246,962 | $7,170 |
| 6 | $1,642 | $211 | $1,430 | $246,750 | $8,600 |
| 7 | $1,642 | $213 | $1,429 | $246,538 | $10,029 |
| 8 | $1,642 | $214 | $1,428 | $246,324 | $11,457 |
| 9 | $1,642 | $215 | $1,427 | $246,109 | $12,884 |
| 10 | $1,642 | $216 | $1,425 | $245,893 | $14,309 |
| 11 | $1,642 | $218 | $1,424 | $245,675 | $15,733 |
| 12 | $1,642 | $219 | $1,423 | $245,456 | $17,156 |
2026 Loan Limits — Tarrant 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.
Advertisement