The Texas home equity loan calculator estimate for a $50,000 home equity loan over 15 years at today's MonitorBankRates Texas average home equity loan rate of 6.82% is a monthly payment of about $444, with $29,972 in total interest, and on the median priced Texas home ($283,800) with a $156,000 first mortgage an 80% combined loan to value limit allows a home equity loan of up to about $71,000, verified by MonitorBankRates as of September 24, 2026.
Lenders serving Texas currently advertise home equity loan rates from 4.00% to 5.00% across the 5 offers listed below. This calculator starts from Texas numbers: the MonitorBankRates Texas average rate and the Census median home value are already filled in. Enter your own amount, term and mortgage balance, or click a verified lender rate in the panel below to see the payment at that offer. The same $50,000 as a HELOC at the Texas average of 7.73% costs about $322 a month interest only; see the Texas HELOC calculator.
Use the home value for a Texas city
Loads the median home value for the city into the equity check. The rate stays at the MonitorBankRates Texas average.
Texas Home Equity Loan Payment Estimator
Prefilled with the MonitorBankRates Texas average rate and the median Texas home value. Results update as you type.
Loan balance over time
Amortization schedule (yearly totals)
| Year | Principal Paid | Interest Paid | Ending Balance |
|---|
Current Texas Average Home Equity Loan Rates
Today's MonitorBankRates Texas averages first, then the lowest verified offer per term from lenders serving Texas. Click any rate to run it through the calculator.
Home Equity Loan Offers in Texas and the Payment on $50,000
Monthly payment on a $50,000 home equity loan at each lender's current rate and term, from rate sheets published by the lender and verified by MonitorBankRates.
- Manville Area Federal Credit UnionFixed Home Equity Loan - First Position Lien, APR 4.000%4.000%$921 a month over 5 years
- Laredo Federal Credit UnionHome Equity Loans, APR 5.757%4.740%$938 a month over 5 years
- Allied Federal Credit UnionHome Equity - 1st Lien, APR 4.990%4.990%$943 a month over 5 years
- Government Employees Federal Credit UnionHome Equity Loans, APR 5.000%5.000%$944 a month over 5 years
- Valley Federal Credit UnionHome Equity, APR 5.000%5.000%$395 a month over 15 years
Compare every home equity loan and HELOC, local banks and credit unions first, on the Texas home equity rates page.
View Your Texas Home Equity Loan Rate
Personalized home equity loan and HELOC quotes from lenders serving Texas.
What a Home Equity Loan Costs in Texas Right Now
| $50,000 home equity loan at the MonitorBankRates Texas average of 6.82% | Monthly | Total interest |
|---|---|---|
| 5 year term | $986 | $9,144 |
| 10 year term | $576 | $19,097 |
| 15 year term | $444 | $29,972 |
| 20 year term | $382 | $41,715 |
| 30 year term | $326 | $67,538 |
The Texas average of 6.82% is close to the U.S. average of 6.75%, a difference of about $2 a month on a $50,000 loan over 15 years. The same $50,000 on a HELOC at the Texas average of 7.73% costs about $322 a month interest only during the draw period, but the rate moves with prime and the payment rises when repayment starts. Rates change daily; every figure on this page is recalculated when it loads from the current MonitorBankRates Texas average.
Home Equity Loan Payments by Amount in Texas
At the MonitorBankRates Texas average of 6.82%. The last column shows whether the amount fits under an 80% combined loan to value limit on the median Texas home with a $156,000 first mortgage.
| Loan amount | 10 year payment | 15 year payment | 15 year total interest | Fits 80% CLTV on the median home |
|---|---|---|---|---|
| $25,000 | $288 | $222 | $14,986 | Yes |
| $50,000 | $576 | $444 | $29,972 | Yes |
| $75,000 | $864 | $666 | $44,957 | No, max about $71,000 |
| $100,000 | $1,152 | $889 | $59,943 | No, max about $71,000 |
| $150,000 | $1,727 | $1,333 | $89,915 | No, max about $71,000 |
| $200,000 | $2,303 | $1,777 | $119,886 | No, max about $71,000 |
Home Equity in Texas
How much you can borrow. The median Texas home is worth about $283,800. A homeowner who still owes 55% of that value, $156,000, has $127,800 in equity, but lenders do not lend against all of it. At the 80% combined loan to value cap most Texas banks and credit unions use, the largest home equity loan is about $71,000; lenders that allow 85% go to about $85,200. Enter your own balance above for your figure.
Rate, term and payment. Home equity loan rates are fixed for the full term, so the payment never changes. Lenders in Texas price shorter terms lower; the panel above shows the lowest verified rate per term. Choose the shortest term whose payment fits, since a 10 year loan at 6.82% costs $576 a month on $50,000 but far less total interest than the 15 or 20 year options.
Home values and affordability. Texas scores 100.0 on the MBR Housing Affordability Index, ranking 28 of 51 states where 100 is the national average and higher is more affordable. Rising home values build the equity these loans draw on; see the Texas housing affordability page for the trend.
How to Use the Texas Home Equity Loan Calculator
- Start from the Texas defaults
The rate is today's MonitorBankRates Texas average and the home value is the state median. Pick a city above if we track one near you.
- Enter your amount and term
Type the lump sum you want and choose 5 to 30 years. Add closing costs if your lender charges them to see the APR.
- Click a verified lender rate
The panel lists the lowest current offer per term from lenders serving Texas. One click applies that rate and term.
- Check your equity
Enter your mortgage balance. The calculator shows your combined loan to value and the largest loan that fits under 80% and 85% limits.
Frequently Asked Questions About Home Equity Loans in Texas
What is the average home equity loan rate in Texas today?
The MonitorBankRates Texas average home equity loan rate is 6.82% as of September 24, 2026, and the average HELOC rate is 7.73%, computed every day from rates published by banks and credit unions lending in Texas. Individual lenders currently advertise rates from 4.00% to 5.00%, so compare offers on the Texas home equity rates page.
How much is the payment on a $50,000 home equity loan in Texas?
At the MonitorBankRates Texas average of 6.82%, a $50,000 home equity loan costs about $576 a month over 10 years, $444 over 15 years, or $382 over 20 years. Total interest over 15 years is about $29,972.
How much can I borrow against my home in Texas?
Most Texas lenders cap combined loan to value at 80%, some at 85% or 90%. On the median Texas home worth $283,800 with a $156,000 mortgage, that allows a home equity loan of up to about $71,000 at 80% or $85,200 at 85%. Lenders also check your credit score and debt to income ratio.
Home equity loan or HELOC in Texas?
A home equity loan pays a lump sum at a fixed rate with a fixed payment, best for one large expense. A HELOC is a revolving line at a variable rate tied to prime, best for spending spread over time. Today the MonitorBankRates averages are 6.82% for Texas home equity loans and 7.73% for HELOCs; $50,000 costs $444 a month as a 15 year loan versus $322 interest only on a HELOC. Existing HELOC rates change with the prime rate; home equity loan rates do not.
Are there closing costs on a home equity loan in Texas?
Many banks and credit unions waive closing costs on home equity loans, sometimes requiring the loan to stay open two or three years. Others charge 2% to 5% for the appraisal, title work and origination, which is $1,000 to $2,500 on a $50,000 loan. Enter the fees in the calculator to compare offers by APR.
What credit score do I need for a home equity loan?
Most lenders want a score of at least 620 to 680, with the best rates going to borrowers above 740. A lower score usually means a higher rate or a lower combined loan to value cap rather than an outright denial. Lenders also want a debt to income ratio under about 43% including the new payment.
Is home equity loan interest tax deductible?
Under current federal law, interest is deductible only when the loan is used to buy, build or substantially improve the home that secures it, and only if you itemize. Interest on a loan used to consolidate debt or pay other expenses is not deductible. Confirm with a tax professional.
Home Equity Loan Calculators for Other States
Each state page starts from that state's MonitorBankRates average rate and median home value. The national home equity loan calculator compares the payment at every state's average.
