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Borden County FHA Loan Calculator

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

Loan Details

Borden County, TX Benchmarks

FHA averages
Typical Property Value$245,000
Average Down Payment44.3%
Average Interest Rate8.000%
Effective Tax Rate0.22%
Median Tax Paid$460/yr
Tax Growth (Historical)-9.5%
Based on 1 regional loans totaling $135,000 (HMDA database).
$
%

$108,535 down · $136,465 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$45 / month

$

Annual premium

$

Per month

%

Not required at 20%+ down

Estimated Monthly Payment

$1,272/mo

  • Principal & Interest$1,019
  • Property Tax$45
  • Home Insurance$150
  • FHA MIP$58
Amortization · Remaining Balance

Financed Loan Amount

$138,853

Total Interest

$227,935

Total of Payments

$366,788

*Includes financed FHA Upfront MIP of $2,388

Local Market Insights

Borden County FHA Mortgage Overview

In Borden County, FHA buyers are placing a substantial 44.31% down payment, resulting in a low 55.69% loan-to-value ratio. Despite this equity, FHA loans require lifetime Mortgage Insurance Premiums (MIP), making this an ideal path for buyers with sub-620 credit seeking owner-occupied homes. The effective property tax rate is a minimal 0.22%, and the recent -9.5% inflation-adjusted tax shift further lowers monthly costs. When evaluating a Borden County FHA mortgage with property taxes, the low tax burden significantly offsets the mandatory MIP, enhancing true affordability for local homebuyers.

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.