Mortgage Affordability Calculator Grand Prairie, TX
How much house can you afford in Grand Prairie? See your maximum price, monthly payment and pre-approval estimate. Free, instant, no credit check.
Updated · current rates and lending limits
Add your partner's income if you're buying together.
Car loans, credit cards, lines of credit, student loans. Not rent.
Enter your yearly household income.
Savings and gifts from family count. Many first-time buyer loans need just 3% down; under 20% you pay mortgage insurance.
7.40% (Freddie Mac 30-year average, October 2026). Change it if you've been quoted a rate.
Enter your down payment.
| After | Paid in total | Still owed |
|---|
Eroica Financial ServicesVerified
5.0 · 7 reviews · Free pre-approval
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Still Waters Lending
4.9 · 194 reviews · Free pre-approval
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Dynamic Mortgage Llc TX State
5.0 · 40 reviews · Free pre-approval
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An estimate, not a mortgage approval or pre-approval. A mortgage broker confirms your real number.
Top-rated mortgage brokers in Grand Prairie
Ranked by TrustAnalytica from verified reviews · see the full Top 10 list →
Eroica Financial Services
Eroica Financial Services specializes in providing clear mortgage options with competitive rates across FHA, VA, USDA, conventional, and investment property loans. The team helps clients navigate programs like Buy Before You Sell, temporary rate buydowns, and reverse mortgages, offering straightforward guidance throughout the process. Customers appreciate their clear communication and smooth… more...
Eroica Financial Services specializes in providing clear mortgage options with competitive rates across FHA, VA, USDA, conventional, and investment property loans. The team helps clients navigate programs like Buy Before You Sell, temporary rate buydowns, and reverse mortgages, offering straightforward guidance throughout the process. Customers appreciate their clear communication and smooth, stress-free experience.
Still Waters Lending
Still Waters Lending is known for helping clients secure competitive mortgage rates with clear, honest guidance throughout the process. Their team assists with home purchases and refinancing, often praised for smooth communication and responsiveness. Some customers note occasional wait times, but overall the experience is described as straightforward and supportive.
Dynamic Mortgage Llc TX State
Dynamic Mortgage LLC is known for helping clients close home sales quickly, often within a week, thanks to their focused and communicative team. They assist with mortgage financing and guide customers through each step, making the process smooth and understandable. Some clients note occasional challenges but appreciate the team’s professionalism and dedication.
Grand Prairie Mortgage Statistics
Home-purchase lending in Dallas County and home costs in Grand Prairie, TX (latest HMDA and Census data)Lenders made 18,906 home-purchase loans in Dallas County in 2025 (average about $494,000) and denied 3,361 — 15% of decided applications, compared with 19% across Texas, according to federal mortgage data (HMDA, CFPB). In Grand Prairie, the median home is worth $295,500 and 59% of owners have a mortgage, paying a median $2,137 a month (Census ACS 2020–2024).
- Home-purchase loans, 2025
- 18,906▼ 4%19,778 in 2024
- Denial rate
- 15%TX 19%
- Median home value
- $295,500TX $283,800
- Monthly cost with a mortgage
- $2,137median · TX $2,106
- Refinance loans made (Dallas County, 2025)
- 8,941 · 6,861 in 2024
- Home-improvement loans made (2025)
- 1,456
- Average home-purchase loan
- $494,000 (TX $364,000)
- Owners with a mortgage
- 59% · 32% of them spend 30%+ of income on housing
- Median household income
- $81,619 (TX $78,476)
Source: CFPB / FFIEC Home Mortgage Disclosure Act (HMDA) data, 2024–2025 loan applications in Dallas County (originated vs denied); home values and costs: U.S. Census Bureau ACS 2020–2024. Compiled by TrustAnalytica.
How this Grand Prairie mortgage affordability calculator works
Lenders look at your debt-to-income ratio. Housing costs (principal and interest, property tax, homeowners insurance and mortgage insurance) should stay under about 31% of your gross monthly income, and housing plus your other monthly debts under 43%. The calculator finds the highest home price that passes both tests with your down payment, on a 30-year fixed loan.
Texas rules and numbers this calculator uses
- Debt-to-income
- 31% for housing and 43% total, the FHA standard and the long-time Qualified Mortgage limit. Some conventional loans go higher with strong credit and savings.
- Down payment
- At least 3% on a conventional first-time buyer loan (3.5% on FHA). Under 20% down, private mortgage insurance of about 0.6% of the loan a year is added to the payment.
- Property tax
- About 1.25% of the home's value a year, the Texas average for owner-occupied homes (2024 Census ACS).
- Insurance
- Homeowners insurance assumed at $150 a month; it varies a lot by home and location.
- Rate
- Starts at 7.40% (Freddie Mac 30-year average, October 2026). Change it to the rate you have been quoted.
An estimate, not a mortgage approval or pre-approval. Your credit, income type, the property and the lender all change the answer; a mortgage broker confirms your real number. Sources: Freddie Mac Primary Mortgage Market Survey (October 2026), U.S. Census Bureau American Community Survey 2024 property tax data, FHA and CFPB debt-to-income guidance.
Frequently asked questions
10 questionsHow does the mortgage affordability calculator work?
What is the debt-to-income ratio for mortgages in Texas?
How much house can I afford on a 100k salary in Grand Prairie?
What is the minimum down payment for a mortgage in Texas?
How does PMI affect my mortgage in Grand Prairie?
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How does debt impact my mortgage qualification?
What are property taxes like in Texas?
What is the difference between mortgage pre-approval and pre-qualification?
What does a mortgage broker do?
General information, not financial advice — consult a qualified professional.