Mortgage Refinance Calculator for Texas

Refinancing a Mortgage in Texas

With a median home value of $310,000 in Texas, many homeowners have accumulated significant equity since 2020. Austin saw extraordinary appreciation 2020-2022 (50-70%) followed by one of the nation's sharpest corrections in 2023. DFW, Houston, and San Antonio have been more stable, with moderate continued growth.

Refinance Closing Costs in Texas

Refinancing costs approximately $3,700 in Texas. Texas has no state transfer tax, which is a significant advantage. However, title insurance rates in Texas are state-regulated and can be higher than in unregulated states. Survey fees are standard requirements in Texas. Your break-even is when cumulative monthly savings equal these upfront costs.

Conforming Refinance Limits

To qualify for a conventional rate-and-term refinance in Texas, your balance must stay under $726,200. Most Texas counties are at the standard conforming limit. No Texas counties currently qualify for high-cost conforming limits, though Austin-Round Rock values approach the threshold.

Property Taxes After Refinancing

Refinancing doesn't trigger a property reassessment in Texas. Your 1.60% effective rate stays constant — only the principal and interest portion of your payment changes. Texas has the 7th highest effective property tax rate in the US, driven entirely by local needs — there is no state property tax. The Dallas-Fort Worth, Houston, Austin, and San Antonio metros have among the highest dollar bills nationally. The 2023 homestead exemption increase to $100,000 was the largest property tax cut in Texas history.

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