Free refinance calculator tailored for Texas (TX). Calculate instantly with state-specific rates and rules.
Whether refinancing makes sense depends on how much equity you've built, the rate differential, and how long you plan to stay. In Texas, where the median home value is $310,000, 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.
For a rate-and-term refinance to qualify as a conventional loan in Texas, the 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. Refinancing above this requires a jumbo product.
Expect to pay $3,700 in closing costs on a refinance 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 point is when your monthly interest savings equal these upfront costs.
Refinancing doesn't affect your property tax assessment in Texas — the effective rate stays at 1.60% regardless. 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.
Data: Tax Foundation (2024), US Census Bureau ACS 2023, Zillow, ATTOM Data Solutions. Updated 2024–2025. Figures reflect state averages — consult a licensed professional for personalized advice.
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