Calculate your full PITI — principal, interest, Travis County property taxes, and insurance — plus total interest paid and year-by-year amortization.
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With 20% down ($400,000 loan) at 7% on a 30-year fixed, P&I is $2,661/month. Add Travis County property taxes ($813/month) and homeowners insurance ($200/month) — total PITI is about $3,674/month. At 10% down with PMI, PITI rises to about $4,276/month. Enter your specific numbers above to get an exact figure.
With 20% down ($480,000 loan) at 7% on a 30-year fixed, P&I is $3,195/month. Add Travis County taxes ($975/month) and insurance ($200/month) for total PITI of roughly $4,370/month. A $600K home is near Austin's current median for single-family homes in desirable zip codes.
Travis County's effective rate for 2026 is approximately 1.95% of assessed value per year. This includes the county, Austin ISD, city of Austin, and other taxing entities. Texas's homestead exemption reduces taxable value by $100,000 for your primary residence — on a $500,000 home, you are taxed on $400,000, saving about $1,950/year.
PMI is required on conventional loans with less than 20% down, typically costing 0.5-1.5% of the loan/year. It cancels automatically at 80% LTV. FHA loans have MIP, which often lasts the life of the loan for low down payment borrowers. The calculator includes PMI automatically when you enter a down payment below 20%.
Austin homeowners insurance averages $1,800-$3,000/year depending on home value, age, construction type, and claims history. Older roofs, proximity to wildfire risk areas, and flood zone designations increase premiums. The calculator defaults to $2,400/year as a reasonable estimate for a median-priced Austin home.
A 15-year has a higher payment but lower rate and far less total interest. A 30-year gives flexibility. Most Austin buyers choose 30-year fixed and make extra principal payments when cash allows — this gives you the 30-year's lower required payment with the ability to pay it off faster.
As of mid-2026, 30-year fixed rates for well-qualified buyers are in the 6.75-7.25% range. Rates vary by credit score, loan amount, lender, and lock period. I can connect you with Austin lenders who consistently offer competitive rates — reach out below.
The 2026 conforming loan limit for Travis County is $806,500 for a single-family home. Loans above this are jumbo and require stronger qualifications — higher credit scores, more reserves, sometimes a larger down payment. Jumbo rates in Austin are currently close to conforming rates.
PITI is Principal, Interest, Taxes, and Insurance — the four components of your total monthly payment. Your lender collects taxes and insurance monthly into escrow and pays them when due. In Texas, the T (taxes) is especially significant — often 20-25% of total PITI on an Austin home due to the 1.95% rate.
Monthly P&I is calculated using the standard amortization formula: payment = loan × [r(1+r)^n / ((1+r)^n - 1)], where r is monthly rate and n is total payments. Property taxes and insurance are divided by 12 and added to P&I. PMI applies when down payment is below 20% at your entered rate (default 0.85%/year of loan amount, a common market rate for good credit).
The amortization table builds month by month and rolls up to annual totals. All numbers are estimates based on inputs you provide. Actual payments may vary based on lender, escrow requirements, exact tax assessments, and insurance quotes.
Property tax default: Travis County 2026 effective rate. Last updated July 2026.
