CALCMONEY // MORTGAGE // TX // IRVING
Calculate your monthly mortgage payment using Irving-specific property tax rates and local market data.
$375,000
6.9%
2.1%
98
| Principal & Interest | $1,976 |
| Property Tax | $656 |
| Homeowners Insurance (est.) | $125 |
| Total Monthly Payment (PITI) | $2,757 |
$75,000
$411,288
$118,159/yr
Home prices in Irving run 11% below the national median: $375,000 versus $420,000. Relative to the $70,000 median household income here, the price-to-income ratio comes out to 5.4x.
Factor in $656/month for property tax in Irving, based on the area's 2.1% effective rate applied to the median home price. That's $7,875 annually.
Texas charges no state income tax. Every dollar of the $70,000 median household income here converts more directly into covering the $2,757/month payment.
Irving's cost of living index is 98, below the 100 national baseline. That's on top of the housing numbers above, not instead of them.
Irving's median home price runs 21% higher than nearby Houston: $310,000 there versus $375,000 here.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $300,000 loan saves $13,500 in interest over 30 years.
Compare Top Irving Mortgage Lenders