Calculate Your Mortgage Loan in Holliday, Texas

Use Summit Lending’s mortgage calculator to estimate payments for home purchases or refinancing in Holliday, Texas. Start planning your dream home today!

Population of Holliday, Texas1,670

Holliday, TX had a population of 1,670 in 2023, with a median age of 33.3 and a median household income of $64,181, according to Data USA and Census Reporter. The population has shown growth from the 2020 census figure of 1,524.

Average Home Price in Holliday, Texas$168,163

The average home value in Holliday, TX is $168,163, down 10.1% over the past year according to Zillow. Other sources report median listing prices around $222,000 and median sale prices at $220,000, with varying trends including a 5.4% year-over-year decrease in median listings.

Number of Properties for Sale in Holliday, Texas17

There are currently 17 properties for sale in Holliday, Texas, according to Realtor.com. Other sources vary: Zillow reports 7, Redfin 8, and Trulia 38 (including nearby areas). This reflects a small real estate market in the area.

On this Page

Are you a first time Home buyer?

Our First Time Home Buyer Assistance Program is just what you need.

Mortgage Loan Calculator for Home Purchases and Refinancing in Holliday, Texas

At Summit Lending, we know that purchasing a home or refinancing a mortgage is a major financial decision. That’s why we’ve developed a user-friendly, up-to-date mortgage loan calculator to assist residents of Holliday, Texas, in estimating their monthly payments and planning their budgets. Whether you’re a first-time home buyer, looking to relocate to this quaint town, or aiming to lower your payments through refinancing, our tool offers personalized results based on current interest rates and loan terms. Based in Tremonton, Utah, Summit Lending proudly serves clients across Texas, including Holliday, with over 50 years of combined experience in the mortgage industry. Reach out to us at 385-200-1470 or via contact us for expert assistance.

Calculate Your Mortgage Loan Today

Understanding your mortgage payment is a crucial step in the home-buying process in Holliday, Texas. Using a mortgage calculator helps you budget effectively, ensures your target home fits your financial plan, and prepares you for future expenses. Our tool at Summit Lending simplifies this process for both purchase loans and refinance loans.

Breaking Down Your Mortgage Payment

Your monthly mortgage payment typically includes four components, often referred to as PITI. Consider these when using our home loan calculator:

Principal (P): The portion of the loan amount you repay each month.
Interest (I): The cost of borrowing the principal, based on your interest rate.
Taxes (T): Local property taxes, which in Holliday, Texas, average around 1.8% of home value annually, according to the Tax Foundation.
Insurance (I): Homeowners insurance and, if applicable, private mortgage insurance (PMI).

Mortgage Payment Formula with Our Calculator

Use this formula to calculate your fixed-rate home loan payment (denoted as "M" for mortgage) each month:

Mortgage Formula

Where:

P = Principal loan amount
r = Monthly interest rate (annual rate divided by 12)
n = Total number of payments (loan term in years multiplied by 12)

Expected Costs Based on Our Calculator

For example, if you secure a 30-year loan for $150,000 at a 4% interest rate. Common for a modestly priced home in Holliday. Your monthly payment for principal and interest would be approximately $716. Adding property taxes (around $225/month at 1.8% on $150,000), insurance, and potential fees, your total could rise to over $1,000. Use our mortgage calculator for a detailed breakdown tailored to your situation in Holliday, Texas.

Why Use a Mortgage Loan Calculator?

The mortgage process can be daunting with variables like interest rates, loan terms, down payments, and local taxes in Holliday. Our calculator simplifies these complexities by providing clarity on your potential costs. Here’s why it’s beneficial:

Estimate Monthly Payments: Enter your loan amount, interest rate, and term to see your potential payment.
Compare Options: Test scenarios like a 15-year versus a 30-year mortgage to find what suits your budget.
Account for Additional Costs: Include Holliday’s property taxes, insurance, and PMI for accurate estimates.
Evaluate Refinancing: See how refinancing could reduce payments or save on interest over time.

Our calculator uses real-time data to reflect current market conditions, ensuring reliable results for Holliday residents. For personalized advice, connect with our loan officers.

Home Buying in Holliday, Texas

Holliday, Texas, located in Archer County just outside Wichita Falls, is a hidden gem for home buyers seeking affordability and small-town charm. With a population of around 1,700 as per the U.S. Census Bureau (2020 data), Holliday offers a tight-knit community, excellent schools like Holliday ISD, and proximity to larger city amenities in Wichita Falls. According to Zillow, the median home price in Holliday as of late 2023 hovers around $150,000. Far below the Texas state median of $340,000 reported by the Texas Real Estate Research Center. This affordability makes it an attractive option for first-time buyers or families looking to settle in a quieter area.

Additionally, Holliday’s location along U.S. Highway 82 provides easy access to employment opportunities in Wichita Falls, while the low cost of living. About 15% below the national average per BestPlaces.net. Enhances its appeal. Property taxes in Archer County, averaging 1.8% as noted by SmartAsset, are offset by Texas’s lack of state income tax and potential homestead exemptions, which can reduce taxable home value for primary residences. Use our loan calculator to see how much home you can afford in Holliday, and explore our first-time home buyer resources for extra support.

Refinancing Your Mortgage in Holliday, Texas

Refinancing offers Holliday homeowners a chance to lower monthly payments, shorten loan terms, or tap into home equity. With interest rates fluctuating. Averaging around 6.5% for a 30-year fixed mortgage in late 2023 per Freddie Mac. Now could be an opportune time to refinance. Our loan calculator lets you compare current loan details with new terms to identify savings. Benefits of refinancing include:

Lower Rates: If rates have dropped since your original loan, refinancing could save thousands over time.
Adjusted Terms: Switch to a shorter term for faster payoff or extend it for lower payments.
Cash-Out Options: Use equity for home upgrades or debt consolidation, especially valuable in Holliday where home values have remained stable.

Summit Lending offers tailored refinancing solutions for Holliday residents. Learn more on our refinance loans page or call us at 385-200-1470 for a consultation.

How to Use Our Mortgage Loan Calculator

Our intuitive calculator provides quick, accurate estimates for Holliday residents. Follow these steps:

Enter Loan Amount: Input the amount you plan to borrow or your remaining balance for refinancing.
Select Term: Choose from terms like 15, 20, or 30 years.
Input Rate: Use the default rate based on current data or a quoted rate.
Add Costs: Include Archer County’s property taxes (approx. 1.8%), insurance, and PMI if needed.
View Results: See your estimated monthly payment, total interest, and amortization schedule.

While our calculator offers a solid starting point, individual circumstances vary. For a custom quote, contact us or email [email protected].

Why Choose Summit Lending for Holliday, Texas?

With over 50 years of combined experience, Summit Lending is committed to supporting Holliday residents in achieving homeownership or financial goals. Here’s what sets us apart:

Texas Expertise: We understand Texas markets, including small towns like Holliday, ensuring localized advice.
Diverse Loan Options: From purchase and refinance loans to construction loans and more, we cater to all needs.
Client Focus: Our brokers guide you every step of the way. See client feedback on our testimonials page.
Helpful Resources: Access tools like pre-approval assistance and support for first-time buyers.

Visit our about page to learn more about our mission. Though based in Tremonton, UT, at 305 E Main Street Suite 202, we’re just a call or email away for Holliday clients.

Understanding Mortgage Factors in Holliday, Texas

Mortgage costs and requirements in Holliday are influenced by local factors. Property taxes in Archer County, at about 1.8% of home value, are higher than some states but balanced by no state income tax and homestead exemptions per the Texas Comptroller’s office. Home prices, averaging $150,000, are more affordable than urban Texas hubs, though limited inventory in small towns can affect availability. Additionally, Holliday’s rural nature may mean fewer local lender options, making Summit Lending’s expertise and remote service invaluable. Use our calculator to factor in these costs, and consult our loan officers for detailed insights.

Take the Next Step with Summit Lending

Ready to make your mortgage calculations a reality in Holliday, Texas? Summit Lending is here to assist with home purchases or refinancing. Start with our mortgage loan calculator, then reach out for a personalized consultation. Call 385-200-1470, email [email protected], or explore mortgage tips on our blog. Don’t let uncertainty delay your dreams. Partner with Summit Lending today for expert guidance and tailored solutions!

Disclaimer: Results from our mortgage loan calculator are estimates based on input data and current market conditions. Actual terms, rates, and payments may vary. Contact Summit Lending for precise quotes and loan approval.

Median Household Income in Holliday, Texas$64,181

In 2023, the median household income in Holliday, TX was $64,181, an increase from $61,190 the previous year. This is comparable to the Wichita Falls metro area average of $63,618 but lower than the Texas state median of $75,780.

Property Tax Rate in Holliday, Texas0.48941 per $100

The City of Holliday, Texas, has a property tax rate of 0.48941 per $100 of assessed value for 2024. This proposed rate would increase total taxes by 10.44% compared to the previous year. The effective property tax rate in Archer County, which includes Holliday, is 1.73%, higher than the national median of 1.02%.

Home Appreciation Rate in Holliday, Texas-10.1% (Past Year)

Home values in Holliday, TX have decreased by 10.1% over the past year, with the average home value at $168,163 according to Zillow. Other sources like Realtor.com report a 5.4% year-over-year decline in median listing prices to $222.3K as of July 2025, indicating a cooling housing market.