Quick answer
The median home in Fort Worth costs $340K. With 20% down ($68K) at 7% for 30 years, the monthly payment is $1,810/month. Total interest paid over 30 years: $379,464.
Calculator · TX · 2026
Mortgage Calculator for Fort Worth, TX (2026)
Pre-filled with Fort Worth's median home price of $340K. Compare payments across down payment sizes and loan terms at the current 7.0% baseline rate.
Last updated: April 23, 2026
Fort Worth Mortgage Payment Scenarios
Median home price: $340K · Interest rate: 7% · Excludes property taxes and insurance.
| Down Payment | Down ($) | Loan Amount | 30-yr/mo | 15-yr/mo | Total Interest (30yr) |
|---|---|---|---|---|---|
| 5% | $17,000 | $323,000 | $2,149 | $2,903 | $450,614 |
| 10% | $34,000 | $306,000 | $2,036 | $2,750 | $426,897 |
| 20% | $68,000 | $272,000 | $1,810 | $2,445 | $379,464 |
PMI required for <20% down — add ~$100–300/month to payments above.
Rent vs Buy in Fort Worth
Monthly cost comparison based on median prices — 20% down, 30-year mortgage at 7%.
Buying (median home)
+ builds equity in $340K asset
Renting (2-bedroom)
Flexibility to move; no equity built
Amortization Over Time
$340K home · 20% down ($272K loan) · 7% · 30 years
Year 1
Year 15
Year 30 (Final)
Frequently Asked Questions
What is the monthly mortgage payment for a home in Fort Worth?
The median home price in Fort Worth is $340K. With 20% down and a 30-year loan at 7%, the monthly payment is $1,810. Adding estimated property taxes and insurance brings total monthly costs to approximately $2,150.
Is it cheaper to rent or buy in Fort Worth?
A 2-bedroom rental in Fort Worth averages $1,620/month. Buying the median $340K home with 20% down costs approximately $2,150/month (mortgage + taxes + insurance) — $530 more than renting. However, buying builds equity while renting does not.
How much do I need to earn to buy a home in Fort Worth?
Using the 28% housing rule, you need at least $78K–92K in annual gross income to comfortably afford the median $340K home in Fort Worth with 20% down. You also need $68K+ saved for the down payment plus 2–5% in closing costs.
What are property taxes like in Fort Worth?
TX has a state income tax rate of None. Property taxes vary by county but on a $340K home, expect $283–$567/month in property taxes (1–2% annual rate). This is in addition to your mortgage payment.