Dallas, TX variant. This is a Dallas, TX-specific version of the Mortgage Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Mortgage Calculator.
Dallas's $320,000 median home and 2.18% property tax make for a distinctive mortgage payment. High-cost metros front-load the principal-and-interest portion.
Mortgage payment in Dallas
On the $320,000 median home with 20% down ($64,000), you'd finance $256,000. At 6.5% over 30 years, P&I ≈ $1,618/month.
Add Dallas's 2.18% property tax (≈ $581/month) plus insurance for the all-in payment.
About Dallas, TX
Dallas residents pay no state or city income tax, since Texas does not impose a personal income tax.
Dallas offers moderate home prices for a major metro, though strong population and job growth have steadily pushed up housing costs.
Dallas hosts a large concentration of corporate headquarters and is a major center for finance, telecommunications, and transportation.
Worked example: $320,000 Dallas home
Loan $256,000 at 6.5% for 30 years → $1,618/mo P&I. Property tax ≈ $581/mo. Total before insurance ≈ $2,199/mo.
Quick reference
- Median home value: $320,000
- Median rent: $1,800/mo
- Median household income: $65,020
- Local sales tax: 8.25%
- Effective property tax rate: 2.18%
- Cost of living index: 99 (US avg = 100)
Frequently Asked Questions
How much is a mortgage in Dallas?
About $1,618/month P&I on the $320,000 median home with 20% down at 6.5%.
What is the property tax rate in Dallas?
About 2.18% of home value per year.