Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

78501 Mortgage Calculator

Estimate your true cost of homeownership in ZIP Code 78501 with localized property taxes, insurance, and utility data.

← Back to ZIP Code 78501 Hub
Est. Total Monthly Cost
$1,531
P&I Payment$1,057
Taxes & Ins$408
Utilities$66
Also calculate:FHA CalculatorVA Calculator

Next steps

Take this 78501 scenario further — you stay anonymous.

Track this scenarioSave it to My Scenarios and watch the rate over timeFind lenders for this scenarioSee top-ranked local lenders and request quotes

Mortgage Details

$198,396
Local Median: $198,396
$39,679 (20%)
%

Used with your down payment to fetch a live, scenario-specific rate.

Local Area Costs

Monthly$1,531

Monthly Breakdown

Principal & Interest
$1,057
Property Taxes
$208
Homeowners Ins.
$200
Utilities
$66

Amortization Schedule

Loan balance and total interest paid over 30 years.

Total Interest
$221,769

Local Housing Facts for ZIP Code 78501

  • ·Median home value: $198,396 (adjusted for current market conditions)
  • ·Est. property taxes: $2,501/yr — pre-loaded from county assessment data
  • ·Homeowners insurance (HO-3): $2,399/yr — based on local per-$1K premium rates
  • ·Energy utilities: $794/yr — sourced from DOE LEAD survey data
  • ·Flood insurance: optional — toggled off by default, estimate based on FEMA risk profile

Frequently Asked Questions

How much are property taxes in MCALLEN?

Based on the local median home value, estimated real estate property taxes in MCALLEN are around $2,501 per year.

What is the average home price in MCALLEN?

The median home value in MCALLEN is currently estimated at $198,396.

How much does homeowners insurance cost in MCALLEN?

For a median priced home, homeowners insurance in MCALLEN averages around $2,399 annually.

What is the true total cost of owning a home in MCALLEN?

True homeownership costs go beyond principal and interest. In MCALLEN, a typical homeowner with a median-priced home of $198,396 can expect to pay roughly $2,501/yr in property taxes, $2,399/yr for homeowners insurance, and $794/yr in energy utilities. That adds approximately $475 per month in ongoing costs on top of your mortgage payment. Use our calculator above to model your exact all-in monthly cost.