Texas Homebuying Costs Breakdown
Complete breakdown of upfront and monthly costs when buying a house in Texas.
Down payment affects PMI requirement. 20%+ down = no PMI.
A Initial / Upfront Costs (Paid at Closing)
Shows serious intent. Goes toward closing costs or down payment.
Enter as percentage or dollar amount. Automatically updates based on loan type.
Optional but strongly recommended. General inspection of the property.
Required by lender to verify home value.
Includes origination fee, credit report, underwriting, processing.
Lender's title policy (required), escrow & closing services. Texas is seller-heavy, but buyer pays some.
Not fees - money set aside: prepaid property taxes, homeowners insurance, initial escrow funding.
B Monthly Ongoing Costs (After You Own)
Based on loan amount, interest rate, and term.
Texas has no state income tax, so property tax is higher. Based on county selected.
Required by lender. Depends on coverage & deductible.
Required if down payment < 20%. Drops off once equity reaches ~20%.
Varies widely. Some neighborhoods have none.
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