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Baylor County FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Baylor County, Texas based on real HMDA transaction records.

Loan Details

Baylor County, TX Benchmarks

FHA averages
Typical Property Value$215,000
Average Down Payment6.7%
Average Interest Rate6.413%
Effective Tax Rate0.54%
Median Tax Paid$1,288/yr
Tax Growth (Historical)+7.4%
Based on 6 regional loans totaling $1,200,000 (HMDA database).
$
%

$14,405 down · $200,595 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$97 / month

$

Annual premium

$

Per month

%

$85 / month

Estimated Monthly Payment

$1,610/mo

  • Principal & Interest$1,278
  • Property Tax$97
  • Home Insurance$150
  • FHA MIP$85
Amortization · Remaining Balance

Financed Loan Amount

$204,105

Total Interest

$255,985

Total of Payments

$460,090

*Includes financed FHA Upfront MIP of $3,510

Local Market Insights

Baylor County FHA Mortgage Overview

For Baylor County homebuyers, the 6.73% weighted down payment with an FHA loan provides accessible entry, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life regardless of equity, making it ideal for those with sub-620 credit. The 93.27% loan-to-value ratio confirms this risk profile, with 100% owner-occupied purchases. The 0.54% effective property tax rate is low, yet the 7.4% inflation-adjusted tax increase will raise true monthly affordability. When evaluating an FHA loan with PMI and taxes in Baylor County, TX, or using an FHA down payment analysis in Baylor County, Texas, factor in these ongoing costs alongside the $215,000 average property value and 6.413% rate. This FHA mortgage structure with property taxes suits first-time buyers prioritizing low upfront cash.

Disclaimer: This calculator provides estimates for educational purposes only and does not constitute a loan offer or financial advice. Actual rates, taxes, insurance, and fees will vary.