Mortgage Rates in Frisco, Texas — March 2026
Updated March 2026 | Based on Frisco market data and regional lending conditions
Frisco is a mid-sized city in Texas with a population of 200,509. The current 30-year fixed mortgage rate in Frisco is 6.7%, which is 0.05% above the national average. With a median home price of $535,000 and a 20% down payment of $107,000, homebuyers can expect a monthly principal and interest payment of approximately $2,762.
Current Mortgage Rates in Frisco, TX
Below are the current average mortgage rates available in the Frisco area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.7% | 6.65% | +0.05% |
| 15-Year Fixed | 5.94% | 5.89% | +0.05% |
| 5/1 ARM | 6.2% | 6.15% | +0.05% |
| FHA | 6.3% | 6.25% | +0.05% |
| VA | 6.1% | 6.05% | +0.05% |
| Jumbo | 6.9% | 6.85% | +0.05% |
Frisco Housing Market Overview
The Frisco housing market is competitive with prices well above the national median. The median household income in Frisco is $128,825, and the cost of living index is 105.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $152,786 to comfortably afford the median-priced home in Frisco, which exceeds the current median household income.
Monthly Payment Breakdown for Frisco
Based on the median home price of $535,000 with 20% down ($107,000), here is what you can expect to pay monthly in Frisco:
15-Year vs. 30-Year Mortgage in Frisco
Choosing a 15-year mortgage in Frisco at 5.94% instead of a 30-year at 6.7% would save you $346,680 in total interest over the life of the loan. However, your monthly payment would be $3,598 instead of $2,762 — an increase of $836 per month.
Calculate Your Frisco Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Frisco
What are the current mortgage rates in Frisco, TX?
As of March 2026, the average 30-year fixed mortgage rate in Frisco, Texas is 6.7%, while the 15-year fixed rate is 5.94%. FHA loans average 6.3% and VA loans 6.1%. These rates are 0.05% above the national average of 6.65%.
How much is a monthly mortgage payment in Frisco?
Based on the median home price of $535,000 with 20% down, the estimated monthly mortgage payment in Frisco is $2,762 for principal and interest. Including property taxes of $803/month, the total monthly housing cost is approximately $3,565.
What income do I need to buy a home in Frisco?
Using the 28% rule, you would need an annual income of approximately $152,786 to afford the median-priced home in Frisco at $535,000. The median household income in Frisco is $128,825. This means most households would need to either earn above the median or consider homes below $535,000.
Is Frisco a good place to buy a home in 2026?
Frisco has a moderate cost of living with a cost of living index of 105.5 (national average = 100). The property tax rate in Texas is 1.8%, which is above the national average. Frisco has a population of 200,509 and offers a balanced lifestyle.
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Frisco, Texas area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.