CALCMONEY // MORTGAGE // TX // GRAND PRAIRIE
Calculate your monthly mortgage payment using Grand Prairie-specific property tax rates and local market data.
$310,000
6.9%
2.25%
92
| Principal & Interest | $1,633 |
| Property Tax | $581 |
| Homeowners Insurance (est.) | $103 |
| Total Monthly Payment (PITI) | $2,318 |
$62,000
$339,998
$99,339/yr
Buying the median home in Grand Prairie means financing $310,000. Against the area's $65,000 median household income, that works out to a 4.8x price-to-income ratio.
At a 2.25% effective rate, Grand Prairie property taxes add $581 to the monthly payment on the median home, $6,975 a year in total.
No state income tax in Texas means the $65,000 median household income stretches further than the same salary would in an income-tax state, which matters directly against a $2,318/month payment.
Day-to-day expenses in Grand Prairie track at 92 against the national 100 baseline, below average once you look past the mortgage payment itself.
Grand Prairie's median home price runs almost identical to nearby Houston, both landing close to $310,000.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $248,000 loan saves $11,160 in interest over 30 years.
Compare Top Grand Prairie Mortgage Lenders