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78502 Mortgage Calculator

Estimate your true cost of homeownership in ZIP Code 78502 with localized property taxes, insurance, and utility data.

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Est. Total Monthly Cost
$2,399
P&I Payment$2,124
Taxes & Ins$203
Utilities$72
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Mortgage Details

$400,000
$80,000 (20%)
%

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

Local Area Costs

Monthly$2,399

Monthly Breakdown

Principal & Interest
$2,124
Property Taxes
$103
Homeowners Ins.
$100
Utilities
$72

Amortization Schedule

Loan balance and total interest paid over 30 years.

Total Interest
$444,804

Local Housing Facts for ZIP Code 78502

  • ·Median home value: $400,000 (adjusted for current market conditions)
  • ·Est. property taxes: $1,237/yr — pre-loaded from county assessment data
  • ·Homeowners insurance (HO-3): $1,200/yr — based on local per-$1K premium rates
  • ·Energy utilities: $860/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 $1,237 per year.

What is the average home price in MCALLEN?

The median home value in MCALLEN is currently estimated at $400,000.

How much does homeowners insurance cost in MCALLEN?

For a median priced home, homeowners insurance in MCALLEN averages around $1,200 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 $400,000 can expect to pay roughly $1,237/yr in property taxes, $1,200/yr for homeowners insurance, and $860/yr in energy utilities. That adds approximately $275 per month in ongoing costs on top of your mortgage payment. Use our calculator above to model your exact all-in monthly cost.