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What can you afford in Texas?
A baseline estimate for a household earning $96,000 a year gross, with typical debts and expenses, a $40,000 down payment, and a 740-759 credit score — using Texas's own property tax and insurance data rather than a national average. Every assumption is editable in the full calculator below.
Texas's effective property tax rate is around 1.63% of home value per year — the 6th highest in the country. Average homeowner's insurance runs near $4,300/year on a $300,000 home — the 6th highest and a state where premiums have been rising quickly due to weather- and insurer-availability pressure.
Comfortable
$267,424
Stretch
$309,976
Risky ceiling
$335,507
This baseline's own budget can sustain at least as much as a lender's debt-to-income ceiling allows in Texas — the DTI ratio, not the household budget, is what limits the number here.
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