Mortgage Calculator — San Antonio, TX
Median home price in San Antonio: $290,000. Monthly payment: $1,544/month (20% down, 7%, 30yr). Property tax rate: 1.91%.
= $58,000
Payment Breakdown
San Antonio Mortgage Payments by Rate
| Rate | 15-Year | 30-Year | Total Interest (30yr) |
|---|---|---|---|
| 5.5% | $1,896 | $1,317 | $242,217 |
| 6% | $1,958 | $1,391 | $268,745 |
| 6.5% | $2,021 | $1,466 | $295,903 |
| 6.75% | $2,053 | $1,505 | $309,709 |
| 7% | $2,085 | $1,544 | $323,661 |
| 7.25% | $2,118 | $1,583 | $337,754 |
| 7.5% | $2,151 | $1,622 | $351,984 |
| 8% | $2,217 | $1,702 | $380,840 |
San Antonio Property Tax & Total Housing Cost
True Cost of a Home in San Antonio
What you actually pay over 30 years on a $290,000 home (20% down, 7%):
Homebuyer Tips for San Antonio, TX
The San Antonio housing market has its own dynamics. With a median price of $290,000 and a property tax rate of 1.91%, here are tips specific to buying in this area:
- Factor in property taxes early. At 1.91%, you'll pay $462/month in property tax alone — that's $5,539/year on the median home.
- Budget beyond the mortgage. Your true monthly housing cost in San Antonio is closer to $2,005/month when combining P&I and property tax — before insurance and maintenance.
- Get pre-approved locally. Lenders familiar with TX markets often have better rate options and faster closings for San Antonio properties.
- Compare neighborhoods carefully. Property tax rates and home values can vary significantly within San Antonio — a lower-tax neighborhood could save you thousands annually.
- Consider the 28% rule. To keep your San Antonio mortgage at 28% of gross income, you need a household income of at least $85,932/year.
- Research first-time buyer programs. TX may offer down payment assistance or reduced rates for first-time buyers purchasing in San Antonio.
Frequently Asked Questions — San Antonio Mortgages
How much house can I afford in San Antonio, TX?
Using the 28% rule, a household earning $100,000/year can afford roughly $337,475 in San Antonio. This accounts for the local property tax rate of 1.91%, which adds $462/month on the median home.
What is the monthly payment on a $290,000 home in San Antonio?
With 20% down and a 7% rate on a 30-year mortgage, the principal and interest payment is $1,544/month. Including property tax, expect to pay around $2,005/month before insurance.
Are property taxes high in San Antonio?
San Antonio's property tax rate is 1.91%. On the median home of $290,000, that's $5,539/year or $462/month. This is above the national average of about 1.1%.
Is a 30-year or 15-year mortgage better for San Antonio?
A 15-year mortgage at 6.75% on the median San Antonio home costs $2,053/month — $509 more than a 30-year — but saves $186,122 in total interest.
How much do I need for a down payment in San Antonio?
A 20% down payment on the median San Antonio home is $58,000. FHA loans allow as little as 3.5% down ($10,150), though you'll pay mortgage insurance.
What credit score do I need to buy a home in San Antonio?
Most conventional loans require a 620+ credit score, while FHA loans accept 580+. For the best rates on a $290,000 home in San Antonio, aim for 740 or higher — it can save you 0.5-1% on your rate.
How do I lower my mortgage payment in San Antonio?
You can lower your payment by making a larger down payment, buying down your rate with points, choosing a longer term, or shopping around for lower rates. In San Antonio, you could also look at neighborhoods with lower property tax assessments.
What is the total cost of owning a home in San Antonio for 30 years?
On the median $290,000 home with 20% down at 7%, you'll pay $613,661 in mortgage costs alone, plus $166,170 in property tax — a true total of $779,831 over 30 years.
Affordability in San Antonio
Based on 28% housing cost rule. Includes property tax.