CALCMONEY // MORTGAGE // TX // AMARILLO
Calculate your monthly mortgage payment using Amarillo-specific property tax rates and local market data.
$210,000
6.9%
1.68%
83
| Principal & Interest | $1,106 |
| Property Tax | $294 |
| Homeowners Insurance (est.) | $70 |
| Total Monthly Payment (PITI) | $1,470 |
$42,000
$230,321
$63,019/yr
Amarillo's median home price sits at $210,000, 50% below the $420,000 national median. On a $55,000 median household income, that puts the price-to-income ratio at 3.8x, or 3.8 years of gross pay for the purchase price alone.
At a 1.68% effective rate, Amarillo property taxes add $294 to the monthly payment on the median home, $3,528 a year in total.
Texas is one of nine states with no state income tax. Against a $1,470/month mortgage payment here, that's real, recurring savings compared to an income-tax state at the same salary.
Beyond housing, Amarillo's cost of living index sits at 83 (national average = 100), running below the national baseline for groceries, transportation, and everyday services.
Amarillo's median home price runs 32% lower than nearby Houston: $310,000 there versus $210,000 here.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $168,000 loan saves $7,560 in interest over 30 years.
Compare Top Amarillo Mortgage Lenders