Mortgage Rates in Pasadena, Texas — March 2026
Updated March 2026 | Based on Pasadena market data and regional lending conditions
Pasadena is a growing city in Texas with a population of 151,950. The current 30-year fixed mortgage rate in Pasadena is 6.7%, which is 0.05% above the national average. With a median home price of $215,000 and a 20% down payment of $43,000, homebuyers can expect a monthly principal and interest payment of approximately $1,110.
Current Mortgage Rates in Pasadena, TX
Below are the current average mortgage rates available in the Pasadena 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% |
Pasadena Housing Market Overview
The Pasadena housing market offers relatively affordable housing compared to many major cities. The median household income in Pasadena is $50,250, and the cost of living index is 89.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $61,414 to comfortably afford the median-priced home in Pasadena, which exceeds the current median household income.
Monthly Payment Breakdown for Pasadena
Based on the median home price of $215,000 with 20% down ($43,000), here is what you can expect to pay monthly in Pasadena:
15-Year vs. 30-Year Mortgage in Pasadena
Choosing a 15-year mortgage in Pasadena at 5.94% instead of a 30-year at 6.7% would save you $139,320 in total interest over the life of the loan. However, your monthly payment would be $1,446 instead of $1,110 — an increase of $336 per month.
Calculate Your Pasadena 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 Pasadena
What are the current mortgage rates in Pasadena, TX?
As of March 2026, the average 30-year fixed mortgage rate in Pasadena, 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 Pasadena?
Based on the median home price of $215,000 with 20% down, the estimated monthly mortgage payment in Pasadena is $1,110 for principal and interest. Including property taxes of $323/month, the total monthly housing cost is approximately $1,433.
What income do I need to buy a home in Pasadena?
Using the 28% rule, you would need an annual income of approximately $61,414 to afford the median-priced home in Pasadena at $215,000. The median household income in Pasadena is $50,250. This means most households would need to either earn above the median or consider homes below $215,000.
Is Pasadena a good place to buy a home in 2026?
Pasadena offers a below-average cost of living with a cost of living index of 89.5 (national average = 100). The property tax rate in Texas is 1.8%, which is above the national average. Pasadena has a population of 151,950 and offers a very affordable lifestyle.
Mortgage Rates in Other Texas Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Pasadena, Texas area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.