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Castro County FHA Loan Calculator

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

Loan Details
Your credit score determines your risk profile. A higher score lowers your interest rate and conventional PMI costs.

Representative Score: 780 (Excellent (Prime)) · FHA uses credit-agnostic pricing

Castro County, TX Benchmarks

FHA averages
Typical Property Value$202,059
Average Down Payment2.9%
Average Interest Rate6.440%
Effective Tax Rate1.20%
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FHA loans require a minimum 3.5% down payment.

Estimated Monthly Payment

$1,698/mo

  • Principal & Interest$1,254
  • Property Tax$202
  • Home Insurance$150
  • FHA MIP$91
Amortization · Remaining Balance

Financed Loan Amount

$199,633

Total Interest

$251,788

Total of Payments

$451,421

*Includes financed FHA Upfront MIP of $3,433

Local Market Insights

Castro County FHA Mortgage Overview

In Castro County, the 2.88% average down payment highlights FHA’s role in accessible entry, though mandatory MIP applies for the loan’s life. With a 97.12% LTV ratio, this program suits buyers with sub-620 credit profiles. The 1.20% effective property tax rate, coupled with a -20.4% inflation-adjusted reduction, lowers monthly burdens for those using an FHA loan calculator with PMI and taxes in Castro County, TX. At a 6.440% rate on a $202,058 average property, this market favors primary residence purchases over investments.

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.