Free Tool
Lubbock Mortgage Calculator — Payment, Taxes & Insurance
Estimate your Lubbock, TX monthly mortgage payment including principal, interest, Lubbock County property taxes, insurance, HOA, and PMI. Numbers are estimates for planning — not a loan quote.
By Adam Cavazos, Texas Realtor®
Aycock Realty Group · Lubbock, TX · Licensed & active
Inputs
Lubbock County effective rate is typically 2.0%–2.4%.
Add if putting less than 20% down on a conventional loan.
Estimated monthly payment
$2,643
Total PITI + HOA + PMI
Down payment: $32,500
Loan amount: $292,500
Frequently asked questions
What property tax rate should I use for Lubbock, TX?
Effective rates in Lubbock County run about 2.0%–2.4% depending on your ISD, city, and county mix. The calculator defaults to 2.2%, which is a reasonable middle estimate. Your title company or CAD will give you the exact number once you have a specific address.
How much homeowners insurance does a Lubbock home need?
Typical Lubbock policies run $1,400–$2,600/year for a $300k–$500k home, driven mostly by hail and wind exposure. Get quotes from at least three carriers — pricing varies more here than in most Texas cities.
Does this calculator include PMI?
You can add a monthly PMI amount manually. Conventional loans typically require PMI when you put down less than 20%, and it usually runs 0.3%–1.2% of the loan balance annually. FHA loans have separate MIP rules.
What's the difference between the interest rate and APR?
The interest rate is what accrues on the loan balance. APR includes lender fees rolled into a single rate for comparison shopping. Lenders must disclose both. Use APR when comparing offers.
Are these numbers accurate for my actual loan?
This is an estimate for planning, not a loan quote. Real payments depend on your rate lock, credit profile, down payment, and lender fees. I'll introduce you to trusted Lubbock lenders who can give you a real pre-approval — no obligation.