Cass County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Cass County, TX Benchmarks

FHA averages

Typical Property Value$222,361

Average Down Payment8.0%

Average Interest Rate6.587%

Effective Tax Rate0.67%

Median Tax Paid$1,375/yr

Tax Growth (Historical)-6.0%

Based on 72 regional loans totaling $14,530,000 (HMDA database).

Home Price

Down Payment

$17,789 down · $204,572 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$124 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$87 / month

Estimated Monthly Payment

$1,689/mo

Principal & Interest$1,328
Property Tax$124
Home Insurance$150
FHA MIP$87

Amortization · Remaining Balance

Financed Loan Amount

$208,152

Total Interest

$269,931

Total of Payments

$478,083

*Includes financed FHA Upfront MIP of $3,580

Local Market Insights

Cass County FHA Mortgage Overview

For Cass County homebuyers, the 8.00% average down payment on FHA loans provides accessible entry, though mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life due to the 92.00% median loan-to-value ratio. This is ideal for owner-occupied buyers with sub-620 credit. The 0.67% effective property tax rate, paired with a recent -6.0% inflation-adjusted tax shift, improves true monthly affordability. When evaluating an FHA loan down payment in Cass County, Texas, remember MIP and property taxes shape your total housing cost. Understanding Cass County FHA loan limits and tax implications helps you budget accurately.

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.