El Paso, TX Mortgage Calculator
Calculate your monthly mortgage payment in El Paso, TX. Estimate principal, interest, property taxes, insurance, and HOA.
Estimates are based on typical housing cost data for the El Paso area. For informational purposes only.
El Paso Calculator
Estimate Your Monthly Payment in El Paso
Pre-filled with typical El Paso housing costs. Adjust inputs to match your scenario.
Loan Details
Based on current market rates
Taxes & Insurance
Annual
Annual
Additional Fees
Applied when down payment < 20%
Location
Used for local tax & insurance estimates
💡 The typical property tax rate in El Paso is: 2.15%
Estimated Monthly Payment
$2,780
Compare rates from multiple lenders
For a typical home in the El Paso area, your estimated monthly payment is $2,780.
Housing Costs in El Paso, Texas
Key housing cost data for homebuyers in the El Paso metro area.
Median Home Price
$225,000
-46% vs. national
Property Tax Rate
2.15%
National avg: 0.99%
Avg. Insurance
$1,900/yr
Annual premium estimate
Typical HOA Fees
$75/mo
Where applicable
El Paso offers affordable housing well below both Texas and national averages. The military presence at Fort Bliss and cross-border economic activity provide a stable demand base.
vs. Texas Average
-34%
State median: $340,000
vs. National Average
-46%
National median: $420,000
Scenarios
Home Buying Scenarios in El Paso
Explore typical price ranges for homes in the El Paso market.
Entry-Level in El Paso
Est. Monthly Payment
$1,420/mo
Mid-Range in El Paso
Est. Monthly Payment
$1,780/mo
High-End in El Paso
Est. Monthly Payment
$2,650/mo
Dashboard
Affordability Insights
Key financial metrics based on your current scenario to help you plan ahead.
Recommended Income
$119,143/yr
Based on 28% housing ratio
Target DTI Ratio
≤ 36%
Recommended debt-to-income
Upfront Cash Needed
$97,750
Down payment + ~3% closing costs
5-Year Cost Snapshot
$166,800
Total payments over 60 months
Local Insights
Buying a Home in El Paso
Key considerations for homebuyers in the El Paso, TX market.
Market Position
El Paso offers affordable housing well below both Texas and national averages. The military presence at Fort Bliss and cross-border economic activity provide a stable demand base.
Tax Characteristics
Texas has no state income tax, but El Paso County property tax rates are among the highest in the state at approximately 2.15%. This significantly impacts monthly housing costs.
Insurance Considerations
Insurance costs in El Paso are moderate compared to other Texas cities, benefiting from lower exposure to hurricanes and severe storms.
Affordability
With affordable home prices, El Paso is accessible to households earning approximately $58,000 annually, though high property taxes increase monthly costs.
El Paso Mortgage FAQ
Common questions about buying a home in El Paso, TX
Sarah Mitchell, CFP®
Certified Financial Planner · 12+ years in mortgage lending
Content reviewed for accuracy and compliance
Important Disclaimer
This calculator provides estimates only and is not a commitment to lend. Results are based on the information you provide and may not reflect all costs associated with obtaining a mortgage.
Rates, taxes, insurance premiums, and fees vary by lender, location, and individual borrower qualifications. Consult a licensed mortgage professional for exact loan terms and personalized advice.
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